Strategy Halts Bitcoin Purchases for One Week, Buys Stock Instead
Strategy reported that it bought no Bitcoin during the week to September 7, after ending a two-month BTC buying drought. It spent $176.3 million repurchasing its preferred stock instead, using $STRC shares and leaving other preferreds and common stock untouched. The company funded the repurchase from its USD Cash pool, holds 845,050 BTC, and left a separate $1 billion MSTR stock program unused.