Strategy's 'We're Back' Bitcoin Buy Was a One-Week Thing: What's Going On?
Strategy pauses Bitcoin purchases at 845,050 BTC, repurchases $176.3M in STRC stock and doubles its buyback authorization to $2B.
A company that was buying lots of Bitcoin decided to pause and instead buy back its own stock instead. When a company buys back its own stock, it can mean leaders think the price is good right now, but it doesn't tell us what comes next.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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