MicroStrategy shares climbed 8.8% to $167.47 after the firm resumed Bitcoin buying, adding 950 coins to its massive 846,000 BTC treasury while managing capital through preferred share buybacks.
Strategy resumed Bitcoin purchases, adding 950 BTC, and its stock rose 8.8%.
Strategy's continued accumulation of Bitcoin, now 846,000 BTC, supports bullish sentiment.
Strategy repurchased 1.77 million STRC preferred shares for $174 million as part of capital management.
MicroStrategy has resumed its aggressive Bitcoin accumulation strategy, purchasing 950 coins for $75.7 million. The company now holds 846,000 BTC, representing roughly 4% of the total supply, while simultaneously executing a $174 million preferred share repurchase program.
Following its latest purchase of 950 coins, MicroStrategy holds a total of 846,000 Bitcoin, which accounts for approximately 4% of the total 21 million supply cap.