Strategy Invests $139 Million in STRC Shares, Bitcoin Holdings Remain Untouched

Overview

• Between September 8 and 13, Strategy acquired 1,420,467 shares of its STRC preferred stock for a total of $139.3 million, funded solely from its USD Cash reserves.
• For the second consecutive week, the company refrained from purchasing Bitcoin, maintaining its total at 845,050 BTC, which it bought for $63.73 billion at an average price of $75,412 per coin.
• Strategy still has approximately $1.05 billion left under its $2 billion digital credit securities repurchase program, in addition to $1 billion available for MSTR stock buybacks.

According to an 8-K filing with the Securities and Exchange Commission on Monday, Strategy repurchased 1,420,467 shares of its STRC preferred stock for $139.3 million during the week leading up to September 13. This represents a decrease from the $176.3 million spent the previous week when the company’s board increased the authorization for its digital credit securities repurchase program to $2 billion. All expenditures were drawn from USD Cash, the liquidity pool used for buybacks, dividends, and Bitcoin purchases.