Strategy Has Stopped Buying Bitcoin and Stopped Selling Stock
- Strategy Inc reported no Bitcoin activity for the second consecutive week in an 8-K filing covering September 8 through September 13, instead utilizing $139.3 million to repurchase 1,420,467 shares of its STRC preferred stock.
- STRC preferred stock trades below its $100 stated amount, allowing management to retire shares and eliminate a 12% annual dividend obligation at a discount, which the company deems accretive capital deployment.
- Strategy maintains $6.4 billion in total USD assets, including $1.30 billion in cash, with $1.05 billion in remaining authorization for preferred repurchases, providing substantial firepower for continued capital defense.
- This pause contrasts sharply with smaller treasury firms: Strive added 469 coins between September 8 and 11, while Strategy's Bitcoin holdings remain frozen at 845,050 coins as equity issuance halts.
- Executives are lobbying MSCI to withdraw index rules that could remove the company from global benchmarks, aiming to preserve automatic passive-fund demand that supports the stock price independently of Bitcoin strategy.
33 Articles
33 Articles
Strategy has stopped buying bitcoin and stopped selling stock
Two straight weeks with no bitcoin bought, no bitcoin sold, and not a single share issued. Instead $139.3 million of cash went into retiring its own preferred stock. The machine that made Strategy famous is not running in either direction.…
Strategy Buys Back $139M in STRC Without Buying Bitcoin as Fake World Assets Launches Personal NFT Pools
The latest moves across crypto markets point to a broader shift in how digital-asset companies and NFT platforms are deploying capital. Strategy has bought back roughly $139 million of its STRC preferred stock without purchasing additional Bitcoin. While Fake World Assets is preparing to activate personal pools for beta users and expand its V2 lister […]
Strategy prioritizes $950 million STRC buyback over expanding its Bitcoin treasury
Strategy’s latest $139.3 million repurchase of STRC variable-rate preferred shares has brought its spending on buybacks to about $950.8 million since July 20, more than twice what it spent acquiring Bitcoin over the same period. The company’s Sept. 14 filing disclosed purchases of 1,420,467 STRC shares between Sept. 8 and Sept. 13, funded entirely from its USD Cash balance. Strategy neither bought nor sold Bitcoin and sold no shares through its …
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