Summary
- Strategy acquired 1,810,885 STRC shares for $176.3 million in the week ending September 7.
- The board has increased the digital credit securities repurchase program limit to $2 billion.
- No Bitcoin was bought or shares sold under its at-the-market program, following a $370 million purchase the previous week.
In the week concluding on September 7, Strategy did not purchase any Bitcoin, marking a halt just one week after ending a two-month hiatus in BTC acquisitions. Instead, the company allocated $176.3 million to repurchase its own preferred stock, as disclosed in a filing on Tuesday.
This buyback involved the acquisition of 1,810,885 shares of STRC, which is its variable rate perpetual stretch preferred stock. Notably, no shares of STRF, STRK, STRD preferred stocks, or common MSTR stock were repurchased, with the buyback funded from its USD Cash reserves.
Strategy has repurchased $176M of $STRC and increased the size of its Digital Credit Securities Repurchase Program from $1.0B to $2.0B. As of 9/7/26, we hold 845,050 $BTC and $6.5B of USD Assets. $MSTRhttps://t.co/murJE1PCCb
— Strategy (@Strategy) September 8, 2026
The board has now doubled its authorization for this spending, raising the digital credit securities repurchase program from $1 billion to $2 billion, of which $1.19 billion remains available as of September 7. A separate $1 billion program for MSTR stock remains intact.
No New Bitcoin Acquisitions
During this period, the company made no Bitcoin purchases or sales, and did not sell any shares under its at-the-market offering program. Strategy currently holds 845,050 BTC, which were acquired for $63.73 billion, averaging $75,412 each after fees.
As Bitcoin trades around $77,760 according to CoinGecko data, the value of Strategy's Bitcoin holdings stands at approximately $65.7 billion, reflecting an unrealized gain of about 3% compared to the $63.7 billion investment. The previous week's purchase, made at $80,318 per coin, is currently at a loss.
Strategy's cash balances include $5.10 billion in USD Reserve for covering preferred dividends and interest, alongside $1.44 billion in USD Cash available for management to deploy on Bitcoin or other investments. The $176.3 million used for buybacks was drawn from this cash reserve.
Myriad: Will Strategy hold over 1M BTC before 2027? Click to make your prediction.The company raised $2 billion by selling MSTR stock in August, which helped establish the USD Cash reserves. It subsequently purchased $370 million in Bitcoin, its first acquisition since June, but did not make any purchases last week.
Meanwhile, Strategy's Chair Michael Saylor and CEO Phong Le have requested MSCI to reconsider an index rule that could exclude Strategy from global benchmarks, labeling it as discriminatory. Funds that track these indexes hold 3.1% of Strategy's basic shares.
The filing was submitted by Thomas C. Chow, Strategy's general counsel. MSCI's consultation period ends in late September, with a decision expected by October 16.