News about Strategy

Strategy bought 267 BTC for $22.1 million last week and repurchased $193.1 million of its STRC preferred stock, according to an SEC filing. Its board raised the digital credit securities repurchase program cap to $3 billion from $2 billion, leaving $1.16 billion available. The Bitcoin purchase was funded mainly by selling MSTR common stock, while the STRC buybacks came from cash reserves. The company now holds 848,517 BTC, acquired for a total of $64.02 billion at an average of $75,446 per coin. Strategy also faces possible removal from MSCI's indexes under a rule on 'non-operating companies'; MSCI will publish the affected list on November 11, and such companies are treated as ineligible from the close of November 30.