Strategy Skips Bitcoin Buy to Repurchase $176M STRC
- On Tuesday, Strategy doubled its Digital Credit Securities Repurchase Program to $2 billion while repurchasing $176 million of its STRC preferred stock, according to a filing with the U.S. Securities and Exchange Commission.
- Following a ten-week pause, Strategy made a $370 million Bitcoin purchase on August 31, though the company has now halted further acquisitions to prioritize debt and dividend payments.
- Strategy funds its accumulation through common stock sales and perpetual preferred securities marketed as "Digital Credit," including STRC, STRK, STRF, STRD and STRE.
- While Strategy paused its buying, competitors increased holdings; Strive acquired $109 million in Bitcoin on Monday, and France-listed Capital B added $25 million to its treasury.
- Strategy maintains 0.0% net leverage with $1.61 billion in cash and $6.71 billion in dollar assets, while holding 845,050 Bitcoin valued at $63.6 billion.
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BizTocStrategy Now Owns 845,050 Bitcoin After Paying $80,300 a Coin for the Latest 4,603. Is Saylor Back?
Michael Saylor just broke a ten-week silence with a massive Bitcoin buy, but the timing raises an uncomfortable question about whether Strategy's comeback signals conviction or a costly mistake.
Strategy Halted Its Bitcoin Buys Again Last Week
Bitcoin treasury Strategy has halted stacking sats — again. Just one week after resuming its bitcoin buying following a 10-week hiatus, the Nasdaq-listed company has put its BTC purchases on hold again. Instead, the firm continued buying back its stock, repurchasing $176 million of STRC and increasing the size of its digital credit securities repurchase program from $1 billion to $2 billion, according to a Tuesday regulatory filing and announc…
Strategy STRC Buyback Doubles to $2B as Bitcoin Buys Pause
Summary Strategy bought no Bitcoin and sold no common stock between August 31 and September 7 The company doubled its Digital Credit Securities Repurchase Program to $2 billion It spent $176.3 million buying back STRC preferred shares trading below par MSTR fell around 3% after the disclosure while Bitcoin held near $78,000 Strategy told the [...]
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