🚨BREAKING: Strategy ($MSTR) repurchased $25M worth of STRC preferred shares last week.
🔸 Bought back $25M in STRC shares
🔸 No Bitcoin was bought or sold
🔸 Raised $544M by selling MSTR share

🚨BREAKING: Strategy ($MSTR) repurchased $25M worth of STRC preferred shares last week.
🔸 Bought back $25M in STRC shares
🔸 No Bitcoin was bought or sold
🔸 Raised $544M by selling MSTR share
Update: $MSTR just executed a $25M $STRC buyback (funded by common issuance).
Textbook version of the signaling move described here - deploy very little capital, support price, retire almost nothing. Thesis holds.
@GrainofSaltSF
Breaking: Strategy Inc. is shown in submitted documents to have bought back approximately 4.1 billion yen of STRC stock https://t.co/NgKpRMPRxr