Strategy files 8-K, reports no Bitcoin buys and doubles buyback
Strategy said in an 8-K filing it made no new Bitcoin purchases over the past week and doubled its authorized buyback program to $2 billion.
Shares of Strategy (MSTR) continued to slide in early trading Tuesday alongside Bitcoin’s (BTC) decline after the company said it made no new Bitcoin purchases over the past week and doubled its authorized buyback program to $2 billion. A new 8-K filing said the company expanded its capacity to repurchase shares to $2 billion.