Strategy Put $176.3 Million Into Its Own Preferred Stock Instead of Bitcoin, With Its Last BTC Purchase Already Underwater

Strategy skipped Bitcoin again and quietly funneled hundreds of millions into its own preferred stock instead, raising a question that should unsettle shareholders: is this still a Bitcoin company, or ...
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Strategy put $176.3 million into its own preferred stock instead of Bitcoin, with its last BTC purchase already underwater

Strategy (NASDAQ: MSTR) has bought no Bitcoin (CRYPTO: BTC) this week, instead spending $176.3 million buying back its own preferred stock, according to a September 8 filing signed by general counsel ...
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Strategy Put $176.3 Million Into Its Own Preferred Stock Instead of Bitcoin, With Its Last BTC Purchase Already Underwater

Strategy skipped Bitcoin entirely, routing $176M into MSTR preferred stock STRC buybacks at a 13% discount to its $100 par value. Strategy left STRF, STRK, and STRD untouched while its 846,000 BTC ...