Strategy Halts Bitcoin Purchases Again After One Week
After resuming Bitcoin purchases for one week in late August, Strategy returned to a halt on buying BTC during the week ending September 7. Instead of acquiring more cryptocurrency, the company spent $176.3 million repurchasing its preferred stock (STRC), using funds from its USD Cash pool. The firm also announced it has doubled its share buyback authorization for preferred securities to $2 billion, with over $1.19 billion still available as of September 7. Strategy's Bitcoin holdings remain unchanged at 845,050 BTC, valued at approximately $65.7 billion based on current prices ($77,760 per coin), representing a roughly 3% unrealized gain compared to the original purchase cost. The company holds significant liquidity in USD Cash and USD Reserve accounts totaling over $6.54 billion. In addition to financial updates, Strategy's leadership has requested MSCI reconsider an index rule that could remove it from global benchmarks, citing discriminatory practices.
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