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- 1Strategy buys Bitcoin in $294 million capital move▼Strategy buys Bitcoin, repurchases STRC in a $294M capital shuffle
Strategy, the Bitcoin-focused company formerly known as MicroStrategy, purchased more Bitcoin while simultaneously repurchasing shares of its STRC preferred stock in a transaction totaling roughly $294 million. The move signals the company is continuing to fund Bitcoin acquisitions even as it manages its complex capital structure of debt and preferred instruments.