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Strategy spends triple its weekly Bitcoin outlay on STRC buybacks
Published Source: CoinTelegraphRead original
Crypto Insight Summary: Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin, while allocating $98.5 million to its USD Cash balance. Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Strategy's $65.5M Bitcoin purchase adds marginal spot demand and signals continued corporate crypto accumulation.