"Strategy Chooses $176M Stock Buyback Over Bitcoin!!" Michael Saylor’s Strategy, the company best known for holding a huge amount of Bitcoin, has paused its weekly Bitcoin purchase. Instead, the company spent $176.3 million to buy back 1.8 million shares of its STRC preferred stock between Aug. 31 and Sept. 7. Strategy also doubled the size of its program for repurchasing its digital securities to $2 billion. This is notable because buying Bitcoin has been a major part of Strategy’s corporate strategy. The company currently holds 845,050 BTC, purchased for a total of about $63.6 billion, with an average price of $75,412 per Bitcoin.
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