PiCK
Strategy Made No New Bitcoin Purchases Last Week, Repurchased $176 Million of STRC Preferred Stock
Minseung Kang
Summary
- Strategy said it did not make additional Bitcoin purchases last week and instead repurchased $176 million of its STRC preferred stock.
- Chairman Michael Saylor said Strategy repurchased $176 million of STRC and raised the limit on its digital credit securities repurchase program to $2 billion from $1 billion.
- Strategy said it held 845,050 Bitcoin and about $6.5 billion in dollar assets as of Sept. 7.
Forecast Trend Report by Period
Strategy did not buy additional Bitcoin last week, instead repurchasing $176 million of its STRC preferred stock.
Michael Saylor, Strategy's chairman, wrote in a post on X on Sept. 8 that the company repurchased $176 million of STRC and expanded the limit on its digital credit securities repurchase program to $2 billion from $1 billion.
Crypto media outlet BlockBeats reported that Strategy did not make any additional Bitcoin purchases last week. As of Sept. 7, the company held 845,050 Bitcoin and about $6.5 billion in dollar assets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.