October 12th 2026, 12:39 PM
Bitcoin Repurchase Boosts Strategy Fund
Key Summary
Strategy has acquired $21.5 million worth of Bitcoin and repurchased $192 million worth of STRC preferred shares, increasing its Bitcoin holdings to 848,250 BTC and further consolidating its position in the market.
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Recent Developments in Strategy
The purchase lifts Strategy's holdings to 848,250 BTC and follows a $176 million repurchase of STRC preferred stock the week before.
This significant move reflects Strategy's commitment to diversifying its assets and investing in Bitcoin as a long-term growth opportunity.
As a result, Strategy's holdings now stand at $21.5 million in Bitcoin, with the company's total assets under management reaching $1.17 billion.
#Bitcoin#US#Crypto#SEC