Strategy spends 9x more on preferred stock than Bitcoin with $192M STRC buyback

11 outlets reporting

Your call?🐂 Bullish🐻 Bearish

$192M

STRC buyback

$BTC

$82,366

-1.5%

Michael Saylor’s Strategy (NASDAQ: MSTR) spent roughly nine times the $21.5 million on buying 250 BTC during the period between October 5 and 11 on repurchasing its own STRC preferred shares, which it directed $192.4 million into. Strategy…