Strategy has completed a significant financial maneuver, selling MSTR shares to raise $544.5 million and using those funds to repurchase $25 million worth of STRC preferred stock.
Source
"Strategy Repurchases STRC Preferred Stock, Expands USD Reserve" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The company's actions have also led to an expansion of its US dollar reserve, which now stands at $3.75 billion.