Strategy Expands Buyback Program Amid Bitcoin Holdings
- Strategy repurchased $176 million of STRC and increased its buyback program to $2 billion.
- The company holds 845,050 bitcoin and $6.5 billion in U.S. dollar assets as of September 7.
- Peter Schiff questioned the demand for STRC despite its 12% dividend yield.
- Michael Saylor highlighted a company metric called “BTC Credit” to measure risk in its bitcoin-backed capital structure.
Strategy’s expanded buyback program aims to support its securities while maintaining a significant bitcoin position, which is closely watched by market observers. The company’s founder, Michael Saylor, emphasizes risk management through their BTC Credit metric.
Whether the increased buyback capacity will boost STRC demand remains uncertain, as critics like Peter Schiff question the sustainability of investor interest without ongoing support from Strategy. (Source)
