Strategy buys another $22 million of Bitcoin, increases planned share buybacks

Strategy bought the Bitcoin dip—again. The digital asset treasury giant disclosed Monday that it added more than $22 million worth of the cryptocurrency last week, as prices swung between roughly $80,000 and $84,000. The latest purchase added 267 Bitcoin to Strategy's total holdings, which are currently worth around $64 billion. The company also spent roughly $193 million buying back shares of STRC, one of its preferred stocks, which pays investors regular dividends. Its board also approved an additional $1 billion for preferred-share buybacks, bringing the total authorization to $3 billion. Strategy's latest acquisition comes a week after its previous purchase of $21 million worth of Bitcoin.