Bitcoin · Strategy · Bitcoin Magazine
Investors can now buy its shares to get heightened exposure to the cryptocurrency
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Get paid a yield via its digital credit products.
Key facts
- Instead, the firm continued buying back its stock, repurchasing $176 million of STRC and increasing the size of its digital credit securities repurchase program from $1 billion to $2 billion
- The company still holds 845,050 bitcoins worth over $66 billion at today’s prices and $6.5 billion in dollar reserves
- Strategy shares (NASDAQ: MSTR) were trading more than 3% lower Tuesday morning in New York
- In the company’s quarterly earnings in July, Strategy posted a $8.22 billion loss
Summary
The largest corporate holder of bitcoin is instead focusing on buying back its stock and building up its cash reserves. Bitcoin treasury Strategy has halted stacking sats, again. One week after resuming its bitcoin buying following a 10-week hiatus, the Nasdaq-listed company has put its BTC purchases on hold again. Instead, the firm continued buying back its stock, repurchasing $176 million of STRC and increasing the size of its digital credit securities repurchase program from $1 billion to $2 billion, according to a Tuesday regulatory filing and announcement from founder and chairman Michael Saylor. The company still holds 845,050 bitcoins worth over $66 billion at today’s prices and $6.5 billion in dollar reserves.