Strategy spends triple its weekly Bitcoin outlay on STRC buybacks

What happened: Strategy spent $208.2 million buying back STRC preferred shares and about $65.5 million on Bitcoin, more than three times its Bitcoin outlay. Key numbers: 811 BTC bought at an average price of $80,846. About 1.18 million MSTR shares sold for $164 million net. $98.5 million went to USD Cash. STRC traded at $99.22, about 0.8% below its $100 target. Why it matters: Strategy's policy is not to issue new STRC shares below $100, limiting that funding source while the stock trades below target. Metaplanet also reported common share buybacks of about 25.27 billion yen.

Strategy spent $208.2 million buying back STRC preferred shares and about $65.5 million on Bitcoin, more than three times its Bitcoin outlay.

Strategy's policy is not to issue new STRC shares below $100, limiting that funding source while the stock trades below target. Metaplanet also reported common share buybacks of about 25.27 billion yen.