Strategy pauses Bitcoin buying to repurchase $176 M of STRC preferred shares

Strategy, the largest corporate Bitcoin treasury, skipped its scheduled Bitcoin acquisition and instead bought back $176 million of its STRC preferred stock.

Preferred‑share repurchase

Between August 31 and September 7 the company repurchased 1.8 million STRC shares for an aggregate $176.3 million, according to a recent SEC filing. The shares traded at $97.70, a 2.3 % discount to the $100 par value.

Digital securities program expansion

Strategy also doubled the size of its Digital Credit Securities Repurchase Program, raising the limit from $1 billion to $2 billion.

Bitcoin holdings remain unchanged

With no new purchases, Strategy’s Bitcoin balance stays at 845,050 BTC, acquired for a total of $63.6 billion at an average price of $75,412 per coin.

Market reaction and related activity

• MSTR common stock fell more than 3 % in pre‑market trading.
• Other corporate treasuries continued buying: Strive added 1,375 BTC for $109 million, and France‑listed Capital B bought $25 million of Bitcoin.