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 [...]
Strategy Pauses Bitcoin Buys, Repurchases More STRC Shares
Strategy kept its Bitcoin portfolio at 845,050 BTC after skipping another purchase over the past week. Meanwhile, it continued its STRC repurchase program, buying $176.3 million worth of preferred shares during the same period. After announcing a $370 million Bitcoin (BTC) purchase last week, Strategy (MSTR) once again paused its acquisition of the premier crypto asset. Over the past week, it has repurchased more shares of its Variable Rate Seri…
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