Strategy Halts Bitcoin Purchases, Focuses on Stock Buybacks
- Strategy repurchased 1,420,467 shares of its STRC preferred stock for $139.3 million between September 8 and September 13.
- The company maintained its Bitcoin holdings at a steady total of 845,050 BTC, valued at $63.73 billion.
- Approximately $1.05 billion remains under Strategy’s $2 billion digital credit securities repurchase program.
- Strategy’s USD Cash reserves decreased to $1.30 billion from $1.44 billion due to the buyback activity.
Strategy has paused its Bitcoin acquisitions for the second consecutive week while focusing on buying back shares of its STRC preferred stock using funds from its USD Cash reserve.
Despite the halt in Bitcoin purchases, Strategy continues to manage significant reserves and maintain investment-grade status for its securities program with a focus on strategic buybacks and financial stability. Source
