MicroStrategy Deepens Bitcoin Bet with 950 BTC Buy and STRC Buyback
TL;DR Summary
MicroStrategy (MSTR) shares rose after an 8-K filing show it bought 950 more bitcoins and repurchased about 1.77 million of its STRC preferred stock last week, funded $57.4 million for dividends and interest payments, and reported $1.05 billion in USD cash reserves and $5.04 billion in cash reserves overall as bitcoin trades above $85,000.
- Michael Saylor's Strategy jumps as the company says it bought more bitcoin Yahoo Finance
- Strategy buys 950 BTC, shrinks STRC with $174M buyback Seeking Alpha
- Bitcoin Is at Its Highest Price Since January. Strategy Buys the Cryptocurrency. Barron's
- Saylor’s Strategy Makes First Purchase of Bitcoin Since August Bloomberg.com
- Strategy resumes bitcoin purchases as BTC rallies back to $84,500 CoinDesk
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