Strategy Repurchases $139 Million Worth of Shares Without Adding New Bitcoin Holdings
On September 14, 2026, Strategy (MSTR) disclosed that it repurchased $139 million worth of its preferred shares without adding any new Bitcoin to its holdings. The firm's Bitcoin balance remained unchanged at 845,050 BTC for the second consecutive week. This shift in strategy reflects a focus on strengthening capital structure rather than expanding cryptocurrency assets. The company currently holds $6.4 billion in dollar-denominated assets with an average duration of four years and is using cash to generate yield through share repurchases instead of Bitcoin purchases. The move aligns with Strategy's recent decision to double its buyback authorization from $1 billion to $2 billion, indicating a broader strategy shift. Strategy’s Total Reserve Capital has surpassed all S&P 500 financial services firms except Berkshire Hathaway at approximately $66 billion. This suggests the company is prioritizing capital management over Bitcoin accumulation.
Topics: Bitcoin holdings buyback capital_structure MSTR