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Strategy Spent Over Twice as Much on Preferred Stock Buybacks as on Bitcoin Last Week

(3 hours ago) · 1 source · Summarized by CryptoBipto

Strategy, the company formerly known as MicroStrategy, reportedly allocated more than double the funds to buying back its own preferred stock compared to its Bitcoin purchases last week. The move marks a notable shift in the company's capital allocation priorities, which have historically been heavily focused on accumulating Bitcoin.

WHY IT MATTERS

Strategy (formerly MicroStrategy) is one of the biggest corporate holders of Bitcoin in the world.

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SOURCES

  • cryptoslate.com

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