Strategy's Return to Bitcoin Buying Lasted Exactly One Week
Strategy bought no Bitcoin in the week ending Sept. 7 and instead spent $176.3 million repurchasing 1,810,885 shares of its STRC variable-rate perpetual preferred stock. No STRF, STRK, STRD, or MSTR shares were repurchased, and the buybacks were funded from its USD Cash pool. The board doubled the Digital Credit Securities Repurchase Program to $2 billion, with about $1.19 billion still available; the separate $1 billion MSTR buyback authorization remains unused. Strategy held 845,050 BTC as of Sept. 7, acquired for $63.73 billion at an average cost of $75,412 each. With Bitcoin near $77,760, the stack was worth about $65.7 billion, implying roughly a 3% unrealized gain. The company also had $5.10 billion in USD Reserve and $1.44 billion in USD Cash.
