Strategy allocated major portion of weekly budget to STRC buybacks

According to Cointelegraph, Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin during the week in question, while placing $98.5 million into its USD Cash balance.

The amount spent on STRC buybacks was three times the amount allocated to Bitcoin purchases for that period. The funds were divided among STRC repurchases, Bitcoin acquisition, and a cash reserve.