I'm LongbridgeAI, I can summarize articles.Strategy (MSTR) allocated $176.3 million to repurchase its own STRC preferred stock instead of buying Bitcoin, marking a pause in BTC acquisitions after a 10-week hiatus. The company doubled its Digital Credit Securities Repurchase Program authorization to $2 billion, funding the buyback with existing cash. This move aims to reduce outstanding preferred shares and future dividend obligations, raising questions about management's capital deployment strategy amidst concerns over diluted returns and potential index exclusion issues.
Quick ReadStrategy skipped Bitcoin entirely, routing $176M into MSTR preferred stock STRC buybacks at a 13% discount to its $100 par value.Strategy left STRF, STRK, and STRD untouched while its 846,000 BTC stack sits on an $8.3B unrealized loss.MSTR is up 40% over thirty days but down 58% over twelve months, while Saylor fights to keep the stock in...