Wu Blockchain (@WuBlockchain): Strategy Spends $192M on STRC Buybacks While Adding Just 250 BTC
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Strategy Spends $192M on STRC Buybacks While Adding Just 250 BTC Strategy said it acquired 250 BTC for $21.5 million at an average price of $86,194 between October 5 and 11, bringing total holdings to 848,250 BTC at an aggregate cost of about $64.0 billion. The company also repurchased 1.93 million STRC shares for $192.4 million over the same period. The bitcoin purchase was funded mainly with $21.0 million in proceeds from MSTR share sales, while USD cash stood at $640.5 million and the USD Reserve at $4.88 billion as of October 11.