Big boss @saylor spent all week yelling “more orange,” and this is all we got?
Strategy bought just 267 $BTC last week, spending around $22 million at an average price of $82,900, bringing its total holdings to 848,517.
In the same week, it spent $193 million buying back its own STRC preferred shares—about 9 times what it spent on Bitcoin—and expanded its buyback authorization from $2 billion to $3 billion in one go.
Looks like the price Big boss is most keen to protect right now isn’t Bitcoin’s, but $STRC ’s. Still, buying is better than selling. 🫣
Strategy bought just 267 $BTC last week, spending around $22 million at an average price of $82,900, bringing its total holdings to 848,517.
In the same week, it spent $193 million buying back its own STRC preferred shares—about 9 times what it spent on Bitcoin—and expanded its buyback authorization from $2 billion to $3 billion in one go.
Looks like the price Big boss is most keen to protect right now isn’t Bitcoin’s, but $STRC ’s. Still, buying is better than selling. 🫣