Strategy buys 250 BTC, repurchases $192M in stock amid capital restructuring

Photo: cottonbro studio / Pexels Strategy Inc., led by Michael Saylor, has announced the acquisition of 250 bitcoin and the repurchase of $192 million in STRC perpetual preferred stock, according to a recent social media post. As of October 11, the company holds 848,250 BTC and $5.5 billion in USD assets. This development comes amid Strategy’s ongoing efforts to bolster its bitcoin reserves while also restructuring its capital through significant stock repurchases. The company’s recent activities indicate a focus on maintaining a robust bitcoin portfolio alongside strategic adjustments in its preferred-stock holdings. The latest figures contrast with earlier verified reports, which showed 334 BTC were acquired for $28.7 million, and $176.3 million was spent on STRC repurchases between late September and early October. This discrepancy highlights the dynamic nature of Strategy’s investment and capital management strategy. Market participants appear to interpret these actions as supportive of confidence in STRC, potentially influencing the asset’s market performance. The prediction market for STRC reaching $100 by December 31 currently shows an 85.5% probability for a YES outcome. Th...