Strategy pauses Bitcoin purchases and repurchases $205 million of STRC preferred shares
CIE News ·
Based on reporting by The Block; not yet independently confirmed.
According to The Block, Strategy has paused its Bitcoin purchases while executing a $205 million repurchase of STRC preferred shares. The company reports $3.9 billion in paper gains.
Strategy has paused its Bitcoin (BTC) purchases and is executing a repurchase of $205 million worth of its STRC preferred shares, according to The Block. The company holds approximately 4% of the total Bitcoin supply cap. Strategy currently reports $3.9 billion in paper gains on its Bitcoin holdings.
Key facts
- Bitcoin purchases paused
- $205M preferred shares bought back
- Holds 4% of BTC supply cap
- $3.9B in paper gains
Read the original at The Block