#StrategyInitiatesSTRCBuyback

Strategy is buying its preferred shares. The company bought back 288,930 shares of STRC week. They paid a price of $86.52 for each share. This cost them around $25 million.

The company said it will keep buying STRC shares long as the price is below $100. If the price goes down more they will buy shares. If the price goes up they will buy shares. They have around $975 million left to spend on buying back shares.

While they were buying back STRC shares the companys cash reserve grew to $3.75 billion. They got $525 million of this from selling stocks. The company still has 843,795 Bitcoin. They did not. Sell any Bitcoin last week.

The company has a rule for buying back shares. If the price is below $100 they buy. The further the price is below $100 the shares they buy. As the price gets closer to $100 they buy shares. This way everyone knows what the company is doing.

There are a things that stand out. The company spent $25 million on buying back shares. They have a lot of cash, $3.75 billion.. They still have the same amount of Bitcoin 843,795. The company is giving money back to shareholders building up its cash reserve and keeping its Bitcoin.

The company is buying shares at a discount. They are willing to pay up to $100, for each share. The average price they paid was $86.52. This means they are getting a deal. The company has $975 million left to spend so they will probably buy shares.

I am watching how much the company is willing to pay for shares and how fast they buy them. The company has a plan. Now we just have to see how fast they can do it.

This is what I think about what the company is doing. It is not advice.

‍#STRC $BTC