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The Nexus
BUSINESSJul 27 · 14:36 UTCBITCOIN MAGAZINEMathew Di Salvo

Strategy Skips Bitcoin Again, Buys Back $25M of STRC Stock

Bitcoin Treasury Strategy (MSTR) skipped purchasing Bitcoin for the fifth consecutive time, instead using $25 million to buy back its Stretch (STRC) preferred stock. The company sold 5.4 million MSTR shares, generating $544.5 million in proceeds, and maintains 843,775 Bitcoins on its balance sheet. CEO Phong Le affirmed the company’s long-term commitment to Bitcoin despite the pause in new purchases.

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Bitcoin Treasury StrategyorganizationStretch (STRC)organizationPhong LepersonBitcointopicMicroStrategyorganizationMSTRorganization
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Strategy Skips Bitcoin Again, Buys Back $25M of STRC Stock · The Nexus