Strategy (NASDAQ: $MSTR) has again left its Bitcoin (CRYPTO: $BTC) holdings unchanged as it focuses on repurchasing its preferred stock (NASDAQ: $STRC).
The serial cryptocurrency acquirer bought back 1.42 million of its preferred shares over the past week at a cost of $139.3 million U.S.
A regulatory filing with the U.S. Securities and Exchange Commission (SEC) shows that Strategy funded the stock repurchases through its cash reserve.
As of Sept. 14, the balance on the company's cash reserve stood at $6.4 billion U.S.
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#preferred
The serial cryptocurrency acquirer bought back 1.42 million of its preferred shares over the past week at a cost of $139.3 million U.S.
A regulatory filing with the U.S. Securities and Exchange Commission (SEC) shows that Strategy funded the stock repurchases through its cash reserve.
As of Sept. 14, the balance on the company's cash reserve stood at $6.4 billion U.S.
More From Cryptoprowl:
MEXC Launches Earn Plus With Limited-Time Event Offering Up to 800% APR Booster
#preferred
4 hours ago
