Strategy sells 3,328 BTC, spends $189.8M on STRC buybacks

Strategy sold 3,328 BTC for $213.3 million over two weeks and used $189.8 million to repurchase STRC, a preferred stock, helping push it to around $95. The update points to a capital-allocation tradeoff: the company narrowed the gap to its apparent target while retaining $785.2 million of remaining buyback authorization. The next key question is whether Strategy can close the final roughly $5 without depleting that remaining capacity.

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Strategy sells 3,328 BTC, spends $189.8M on STRC buybacks - CoinPost Terminal