Strategy Spends $192M Buying Back STRC Shares, Dwarfing Its $21.5M Bitcoin Purchase

Strategy, the bitcoin treasury firm formerly known as MicroStrategy, disclosed a new round of bitcoin purchases alongside a much larger buyback of its own securities. The company bought roughly $21.5 million worth of bitcoin, according to reporting from crypto.news and NFTevening. During the same stretch, it spent more than $192 million repurchasing shares of STRC, one of its preferred stock offerings. The gap between the two figures stands out. Strategy has built its public identity around continuous bitcoin accumulation, funded through a mix of equity sales, convertible debt, and preferred stock issuance.