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Strategy buys $176M STRC, doubles digital credit repurchase cap to $2B and holds on BTC
Published Source: CryptoPolitanRead original
Crypto Insight Summary: Michael Saylor’s world-leading corporate treasury company, Strategy (NASDAQ: MSTR) disclosed in its latest SEC filing that it spent $176.3 million repurchasing its STRC preferred shares. During the same week, it also doubled the size of its digital credit repurchase program to $2 billion, while it did not remove or add any Bitcoin to its $63.73... Crypto Insight Analysis: Direction: Bullish MSTR / Neutral BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Shareholder confidence boosted by buyback, but Bitcoin position unchanged.