Strategy spends $25 million to repurchase STRC shares, strengthening capital management strategy
BlockBeats news, July 27, according to disclosed documents, Strategy has completed a $25 million STRC stock buyback plan.
The documents show that Strategy further adjusted its capital structure and enhanced shareholder value through the buyback of STRC shares. STRC is one of the series of preferred stock products launched by Strategy, intended to provide funding for the company’s financing and support its Bitcoin strategy.
Strategy did not increase its Bitcoin holdings last week, and its US dollar reserves rose to $3.75 billion (an increase of $525 million).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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