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Strategy Buys Back $176M in STRC Preferred Stock; Bitcoin-Themed Sneakers Sell Out but Don't Accept BTC

OdailyOdaily

Odaily News: Bitcoin treasury company Strategy is selling Nike Air Jordan and Nike Dunk sneakers with its own branding on its official online store, priced at $250 each. Both sneaker models are currently sold out and are not official Nike collaborations.

The Strategy store currently only accepts credit cards, Apple Pay, and Google Pay, and does not support payment with bitcoin or other cryptocurrencies. This payment method has drawn criticism from social media users, with some pointing out that bitcoin-themed merchandise cannot be purchased with BTC.

On Tuesday morning after the Labor Day holiday, Saylor said Strategy had repurchased $176 million of STRC preferred stock. During the same period, the company recently paused its bitcoin purchases, and social media discussions about the sneaker merchandise coincided with this development. (Bitcoin.com News)

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