Strategy Buys Back $25M in STRC, Plans More Repurchases Below $100
Key Insights
- Strategy repurchased 288,930 STRC shares for $25 million at an average price of $86.52.
- MSTR stock sales added $525 million, lifting the USD reserve to $3.75 billion.
- Future STRC buybacks may use further common-stock proceeds or Bitcoin sales.
Strategy repurchased $25 million of STRC preferred stock while raising its U.S. dollar reserve to $3.75 billion.
The company bought 288,930 STRC shares at an average price of $86.52. The transaction marked its first purchase under the Digital Credit Securities Repurchase Program.
Strategy also sold 5,429,160 MSTR shares for $544.5 million in net proceeds. It allocated $525 million to its dollar reserve during the week ending July 26.
MSTR stock gained 7.6% on Monday as Bitcoin traded near $65,000. Strategy reported no Bitcoin purchases or sales during the latest reporting period.
Instead, the company raised liquidity through common-stock issuance and supported its preferred capital structure.
The activity showed how management balanced dividend obligations, STRC’s market discount, Bitcoin holdings and MSTR shareholder dilution.
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