Reports: Strategy buys $22M in bitcoin, repurchases $193M in STRC
Two crypto news outlets reported that treasury firm Strategy purchased about $22 million in bitcoin while repurchasing $193 million of its STRC preferred stock. Decrypt reported the company now holds 848,517 BTC bought at an average of $75,446; Cointelegraph reported a 267 BTC addition, a 1.94 million STRC share repurchase and a raised $3 billion preferred buyback cap.