Strategy Doubles STRC Buyback to $2B as Strive Adds 1,375 BTC
Key Insights
- Strategy doubled its digital credit repurchase authorization to $2 billion.
- STRC stock remained below Strategy’s targeted $100 stated amount.
- Strive bought 1,375 Bitcoin while Strategy paused Bitcoin purchases.
Strategy said on Sept. 8 that it spent $176.3 million repurchasing STRC stock. It also doubled its digital credit buyback authorization to $2 billion. The company used U.S. dollar cash while leaving its Bitcoin holdings unchanged.
The move shifted capital toward preferred-stock support instead of another Bitcoin purchase. Strategy also retained a separate $1 billion authorization for MSTR stock repurchases. It used none during the period. The allocation mattered because Strategy had previously directed capital toward expanding Bitcoin exposure.
Strategy Expands STRC Stock Repurchase Program
Strategy’s Sept. 8 Form 8-K showed it repurchased 1,810,885 STRC shares. Those purchases occurred between Aug. 31 and Sept. 7.
The company increased its Digital Credit Securities Repurchase Program from $1 billion to $2 billion. The filing showed $1.19 billion remained available under that authorization as of Sept. 7.
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