$BTC Bitcoin BTC+2.08%
treasury company Strategy SMSTR+4.54% repurchased 1.42 million STRC preferred shares for around $139.3 million between Sept. 8 and Sept. 13, according to an 8-K filing with the Securities and Exchange Commission on Monday.
The firm said it funded the repurchases via its USD Cash reserve. As of Sept. 14, the balances of its USD Reserve and USD Cash were $5.1 billion and $1.3 billion, respectively.
Strategy did not buy or sell any bitcoin last week, leaving its total holdings unchanged at 845,050 BTC ($65.7 billion) for a second week in a row.
Strategy's holdings remain equivalent to more than 4% of bitcoin's 21 million supply cap, and imply around $2 billion of paper gains at current prices, with a total acquisition cost of $63.7 billion at an average purchase price of $75,412.
treasury company Strategy SMSTR+4.54% repurchased 1.42 million STRC preferred shares for around $139.3 million between Sept. 8 and Sept. 13, according to an 8-K filing with the Securities and Exchange Commission on Monday.
The firm said it funded the repurchases via its USD Cash reserve. As of Sept. 14, the balances of its USD Reserve and USD Cash were $5.1 billion and $1.3 billion, respectively.
Strategy did not buy or sell any bitcoin last week, leaving its total holdings unchanged at 845,050 BTC ($65.7 billion) for a second week in a row.
Strategy's holdings remain equivalent to more than 4% of bitcoin's 21 million supply cap, and imply around $2 billion of paper gains at current prices, with a total acquisition cost of $63.7 billion at an average purchase price of $75,412.
