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 SEC on September 8 that it neither added to its Bitcoin treasury nor tapped its at-the-market equity program during the week ending September 7, spending $176.3 million to buy back its own STRC preferred shares and lifting the ceiling on its Digital Credit Securities Repurchase Program from $1 billion to $2 billion. The Virginia company still holds roughly 845,050 BTC, the largest corporate Bitcoin position anywhere, acquired for about $63.73 billion at an average of $75,412 per coin. At a spot price near $78,200 that treasury sits about $2.3 billion above what the company paid for it.

Strategy has repurchased $176M of $STRC and increased the si

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