Strategy pauses Bitcoin buying to repurchase $176 million of STRC preferred shares
Strategy skips Bitcoin purchase, buys back STRC shares
Strategy, the corporate Bitcoin treasury led by Michael Saylor, did not make a new Bitcoin purchase last week. Instead, it repurchased $176.3 million of its STRC preferred stock and doubled the size of its digital securities repurchase program.
Key numbers
- 1.8 million STRC shares repurchased for $176.3 million (Aug 31‑Sep 7).
- Digital Credit Securities Repurchase Program increased to $2 billion.
- Bitcoin holdings remain at 845,050 BTC, bought for $63.6 billion at an average price of $75,412 per BTC.
- STRC preferred price trading at $97.70, a 2.3 % discount to its $100 par value.
SEC filing details
The repurchase was reported in a Form 8‑K filing with the U.S. Securities and Exchange Commission. The filing confirms the number of shares bought, the total amount spent, and the timing of the transaction.
Other corporate Bitcoin activity
While Strategy paused its buying, other firms continued to add Bitcoin. Strive bought 1,375 BTC for $109 million, bringing its total to 24,531 BTC. France‑listed Capital B acquired 376 BTC for $29 million, raising its holdings to 3,521 BTC.
What is confirmed
Strategy’s repurchase of $176 million of STRC preferred stock and the expansion of its repurchase program are confirmed by the SEC filing. The company’s Bitcoin balance and average purchase price are also confirmed by the filing and prior reports.
What remains unclear
The filing does not specify when Strategy will resume Bitcoin purchases or how the larger repurchase program will be funded. It also does not detail any future changes to the dividend rate on STRC preferred shares.
Why this matters
STRC preferred shares are a primary way Strategy raises cash to buy Bitcoin. Buying back shares when the price is below par reduces the amount of capital the company can raise, which could affect its ability to increase Bitcoin holdings unless the dividend rate is adjusted.
Potential next actions
Strategy may need to increase the dividend on STRC preferred stock or find other financing methods if the share price stays below par. Future SEC filings will likely show whether the company resumes Bitcoin purchases.
