Source: CryptoSlate ↗
Strategy hits a 5 week pause on Bitcoin, using $25M to quietly buy back its own discounted stock
What the source reports
Strategy (formerly MicroStrategy) has begun buying back its STRC preferred stock as the Bitcoin treasury company shifts more capital toward supporting its financing structure. In a July 27 SEC update, Strategy said it purchased 288,930 STRC shares for $25 million between July 20 and July 26, marking the first disclosed use of a $1 billion […]The postStrategy hits a 5 week pause on Bitcoin, using $...
Read the original report on CryptoSlate ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Live updates: Bitcoin recovers from Asian session lows; Nasdaq futures remain under pressure
It's a risk-off day. Still, bitcoin is holding better than Nasdaq and Asian equity markets.
Bitcoin recovers from Asian session lows; Nasdaq futures remain under pressure
It's a risk-off day. Still, bitcoin is holding better than Nasdaq and Asian equity markets.
Apple faces lawsuit over alleged $1.8M Bitcoin wallet app losses
Three users allege a fake Sparrow Wallet app on Apple’s App Store drained their Bitcoin holdings, with losses totaling more than $1.8 million.