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Strategy’s Bitcoin buying returned for one week
The firm spent $176.3 million on its preferred stock and raised its share buyback authorization to $2 billion.
Strategy, a Bitcoin treasury firm, returned to buying its own preferred stock for a single week, according to Decrypt.
During that period, the company spent $176.3 million on its own preferred stock, the outlet said.
It also doubled the authorization for its share buyback program, increasing the planned amount to $2 billion.
The buyback and preferred stock purchases were framed as part of the firm’s ongoing approach to accumulating and funding Bitcoin exposure.
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