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Strategy Repurchases $139 Million in Preferred Shares While Bitcoin Reserves Remain Unchanged

Strategy completed a $139.3 million share repurchase under its digital credit program while keeping its corporate Bitcoin treasury unchanged at 845,050 tokens.

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Strategy repurchased 1,420,467 STRC preferred shares for approximately $139.3 million between September 8 and September 13, according to a Form 8-K filing. During the six-day window, the company conducted no transactions in Bitcoin, leaving its total treasury balance at 845,050 BTC. The corporate holding represents an aggregate acquisition cost of roughly $63.73 billion, translating to an average price of $75,412 per coin.

The share repurchases were funded directly from the company's USD Cash balance, which stood at roughly $1.30 billion as of September 13. The firm’s separate USD Reserve remained untouched at approximately $5.10 billion. The transaction reflected capital structure adjustments rather than any modification to digital asset reserves or debt-funded cryptocurrency acquisitions.

The buyback operated under a program established in July 2026, which was expanded from a $1 billion to a $2 billion authorization on September 8. Strategy's policy targets purchases of STRC shares when trading below their $100 stated amount, scaling buybacks based on market discounts. Filings confirmed no repurchases occurred across its STRF or STRK share classes, nor were there MSTR equity repurchases or ATM issuance during the period.

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