Strategy Buys Back $205M STRC, Skips Bitcoin Buys — SkimNews
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- Strategy made no Bitcoin purchases or sales last week and conducted no stock sales through its at-the-market program, as disclosed in Monday’s filing with the US Securities and Exchange Commission.
- STRC buybacks totaled $204.9 million, with Strategy repurchasing 2.07 million preferred shares between Monday and Friday.
- USD Cash fell around 46% from $447.3 million to $242.4 million following the buybacks, while Strategy’s broader US dollar reserve held unchanged at $4.83 billion.
- Strategy has spent about $664 million repurchasing STRC preferred shares since October began, versus $72.3 million buying 851 BTC.
- Bitcoin holdings remained at 848,517 BTC, acquired for $64.02 billion at an average price of $75,446 per coin.
- Bitcoin traded around $79,992 at Monday’s US equities open after falling toward $80,000 last week from a Wednesday high of $84,777.
- MSTR fell 2.2% to $142.80 in Monday premarket trading, while STRC edged down 0.01% to $99.35.
Why it matters: Strategy’s $204.9 million STRC repurchase cut its USD Cash balance 46% to $242.4 million, a material shift in its capital mix. Since October, the company spent about $664 million on STRC versus $72.3 million on 851 BTC, directing fresh capital overwhelmingly toward its preferred stock rather than more Bitcoin exposure.
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