According to ME News, on October 19 (UTC+8), Strategy expanded the authorization for its digital credit securities repurchase program from $2 billion to $3 billion, after approximately 92% of the original $2 billion authorization had been utilized. Last week, Strategy repurchased an additional $193.1 million worth of STRC, leaving a remaining repurchase quota of $160 million prior to the program's expansion.
The strategy also purchased 267 bitcoins for $22.1 million, bringing the total bitcoin holdings to 848,517 bitcoins. (Source: ODAILY)
Strategy Expands Buyback Program to $3 Billion, Increases Bitcoin Holdings to 848,517 BTC
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Summary
The strategy has increased its buyback program to $3 billion, up from $2 billion, with 92% of the original allocation already utilized. The firm spent $19.31 million on STRC last week, leaving $160 million in remaining capacity. Strategy also added 267 BTC for $22.1 million, increasing its total holdings to 848,517 BTC. This move aligns with a robust trading strategy and a favorable risk-to-reward ratio.
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