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Strategy skips Bitcoin buy to repurchase $176M of STRC preferred shares

Published Source: CoinTelegraphRead original

Crypto Insight Summary: Strategy repurchased $176 million worth of its STRC preferred stock and doubled the size of its digital securities repurchase program to $2 billion, while pausing on new Bitcoin buys. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Repurchase program boosts stock but lack of Bitcoin buys limits upside.

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Strategy skips Bitcoin buy to repurchase $176M of STRC preferred shares — Crypto Insight