Strategy Repurchases $139 Million Worth of STRC Preferred Stock; Bitcoin Holdings Remain Unchanged
In the week ending September 13, Strategy repurchased approximately $139.3 million worth of its preferred stock (STRC), using funds from USD Cash reserves. This marked a decrease compared to the previous week's buyback spending of $176.3 million after the company doubled its digital credit securities repurchase authorization to $2 billion. During this period, Strategy did not acquire any additional Bitcoin and maintained its holdings at 845,050 BTC, valued at around $63.73 billion based on an average purchase price of $75,412 per coin. The company also reported a remaining buyback capacity of about $1.05 billion under the digital credit securities program and untouched funds for MSTR stock repurchases. The firm's USD Cash reserves dropped to $1.30 billion from $1.44 billion in the prior week, aligning with its recent spending on STRC shares. Strategy’s Bitcoin Credit spread remains at 57 basis points (or 0.57%), which keeps it within investment-grade parameters according to internal metrics.
