Strategy CEO says 'never sell' was just a marketing slogan

Strategy doubled its Digital Credit Securities Repurchase Program to $2 billion, spending $176.3 million to buy back 1.81 million STRC preferred shares. The company paused Bitcoin purchases, holding 845,050 BTC acquired at an average cost of $75,412 per coin. STRC closed at $98.04, and MSTR fell 4.40% to $136.52.

Strategy repurchased $176M of its STRC preferred stock, doubling its digital securities repurchase program to $2B. It paused Bitcoin buys, holding 845,050 BTC. STRC shares trade at a 2.3% discount, impacting funding. Strive, another corporate Bitcoin holder, bought 1,375 BTC.

Strategy repurchased $176M of STRC, increasing its repurchase program to $2B. The company used secondary cash reserves, leaving primary reserves and Bitcoin holdings untouched. STRC is nearing its $100 par value. Meanwhile, Metaplanet shares fell 10% amid concerns over executive share dilution and CEO actions.

Strategy repurchased $176.3M of its STRC preferred shares and doubled its digital securities repurchase program to $2B, pausing Bitcoin purchases. It holds 845,050 BTC, acquired for $63.6B at an average price of $75,412. STRC shares trade at a 2.3% discount, while MSTR common stock is down over 3%.

Strategy (MSTR) held its Bitcoin (BTC) holdings steady at 845,050 BTC, worth $66.1B, while repurchasing 1.81M shares of preferred stock (STRC) for $176.3M. The company increased its stock buyback program to $2B and has $6B in cash reserves. MSTR stock is down 57% over the past year.

Strategy Inc (MSTR) stock fell 3.9% to $137.30 as Bitcoin dropped below $80,000 and Fed rate hike expectations rose. The company's board approved doubling its Digital Credit Securities Repurchase Program to $2 billion, but only for preferred shares. Canaccord raised its price target to $179. Broader market indices also declined.