Strategy bolstered its bitcoin reserves with a new purchase of 250 BTC made between October 5 and 11. At the same time, the company spent $192.4 million buying back its STRC preferred shares. These transactions illustrate two aspects of its financial management: increasing its digital asset holdings and managing the financing of its obligations. As of October 11, its reserves had reached a record high, while liquidity remained at the heart of its strategy.

The article Bitcoin: Strategy hits a record 848,250 BTC and repurchases $192 million of STRC first appeared on Cointribune.