Strategy pauses Bitcoin purchases to repurchase $176 million in preferred shares
- Strategy repurchased 1.8 million STRC shares for $176.3 million from Aug. 31 to Sept. 7.
- The company’s Bitcoin holdings remain at 845,050 BTC, acquired for $63.6 billion at an average price of $75,412 per BTC.
- Strategy’s Digital Credit Securities Repurchase Program has been increased to $2 billion.
- Last week, Strategy made a $370 million Bitcoin purchase, its first since mid-June.
- STRC shares were trading at a discount of about 2.3% from their par value of $100.
- Strive acquired an additional 1,375 Bitcoin for $109 million, increasing its total holdings to over 24,500 BTC.
The pause in Bitcoin acquisitions by Strategy reflects a strategic shift towards strengthening its capital structure through share repurchases while maintaining significant Bitcoin holdings and increasing dividend rates on preferred stock.
With the recent repurchase of STRC shares and a total holding of over $63 billion in Bitcoin, Strategy continues to solidify its position as the largest corporate treasury holder despite pausing new acquisitions this week.
