WorldPingStrategy repurchased $176 million worth of its STRC preferred stock and doubled the size of its digital securities repurchase program to $2 billion, while pausing on new Bitcoin buys.
This is a short WorldPing brief. The full report was published by Cointelegraph.
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WorldPingStrategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $66 billion.
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WorldPingThe Bitcoin treasury firm spent $176.3 million on its own preferred stock, and doubled the buyback program's authorization to $2 billion.
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WorldPingStrategy founder Michael Saylor announced Tuesday that the company repurchased $176 million of STRC and doubled its securities repurchase program to $2 billion, putting fresh attention on how the bitcoin-heavy company supports its financing strategy.
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