Strategy hits a five-week pause on Bitcoin, using $25 million to quietly buy back its own discounted stock

Strategy (formerly MicroStrategy) has begun buying back its STRC preferred stock as the Bitcoin treasury company shifts more capital toward supporting its financing structure. In a July 27 SEC update, Strategy said it purchased 288,930 STRC shares for $25 million between July 20 and July 26, marking the first disclosed use of a $1 billion […] The post Strategy hits a five-week pause on Bitcoin, using $25 million to quietly buy back its own discounted stock appeared first on CryptoSlate.