Strategy Buys $82M in Bitcoin, Buys Back $188M of STRC

Strategy bought $82 million of bitcoin and repurchased $188 million of its STRC preferred stock, funding both moves by selling $284 million of MSTR shares. The purchases come days before MSCI identifies companies facing potential index removal, a decision that could affect demand for MSTR. Traders will watch whether the bitcoin treasury model keeps drawing capital if index inclusion is at risk.