Strategy Buys $22M in Bitcoin, Buys Back $193M of STRC

What happened: Strategy bought 267 BTC for $22.1 million last week and repurchased $193.1 million of its STRC preferred stock, per an SEC filing. Its board raised the digital credit securities repurchase program cap to $3 billion from $2 billion. Key numbers: 267 BTC at an average of $82,900 per coin, versus $86,194 for 250 BTC the Why it matters: The buyback extends a run of weekly STRC repurchases. Strategy also faces possible removal from MSCI indexes under a rule finalized October 15 treating single-asset companies as ineligible from November 30, with the affected list due November 11. Coverage: 5 outlets in 24h

Strategy bought 267 BTC for $22.1 million last week and repurchased $193.1 million of its STRC preferred stock, per an SEC filing. Its board raised the digital credit securities repurchase program cap to $3 billion from $2 billion.

The buyback extends a run of weekly STRC repurchases. Strategy also faces possible removal from MSCI indexes under a rule finalized October 15 treating single-asset companies as ineligible from November 30, with the affected list due November 11.