Strategy (formerly MicroStrategy) has begun buying back its STRC preferred stock as the Bitcoin treasury company shifts more capital toward supporting its financing structure. In a July 27 SEC update, Strategy said it purchased 288,930 STRC shares for $25 million between July 20 and July 26, mar...
Source: [CryptoSlate](https://cryptoslate.com/strategy-hits-a-five-week-pause-on-bitcoin-using-25-million-to-quietly-buy-back-its-own-discounted-stock/)