Strategy Stock Slides Monday: What's Happening?
Strategy Inc. (NASDAQ:MSTR) shares are trading lower Monday after the company disclosed in an SEC filing that it refrained from buying bitcoin last week and instead repurchased $204.9 million of its STRC preferred stock.
Strategy Inc. stopped buying bitcoin last week. Instead, the company used $204.9 million to buy back its own stock. When a company shifts what it's spending money on, watch if it signals a change in how confident leaders feel.
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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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