Strategy repurchases $176M STRC, pauses BTC buys — SkimNews
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- Strategy repurchased 1.8 million STRC preferred shares for $176.3 million between Aug. 31 and Sept. 7, per an SEC filing.
- Strategy doubled its Digital Credit Securities Repurchase Program to $2 billion and paused new Bitcoin buys, leaving holdings at 845,050 BTC acquired for $63.6 billion at $75,412 average.
- STRC traded at $97.70 in premarket activity — a 2.3% discount from its $100 par — while MSTR common stock fell more than 3%; below-par trading limits Strategy's ability to raise funds via STRC sales and the source flags it as a path to a higher-than-12% dividend.
- Strive, the fifth-largest corporate Bitcoin treasury, acquired 1,375 BTC for $109 million at a $79,281 average, bringing total holdings to 24,531 BTC, per CEO Matt Cole.
- France-listed Capital B made a $25 million Bitcoin purchase on Monday — its largest in nearly a year — pushing it ahead of H100 Group among publicly traded BTC holders.
Why it matters: Strategy's ability to keep buying Bitcoin at scale depends on STRC trading at or above par — but with shares at a 2.3% discount, the company is spending $176.3 million to defend its primary BTC-funding channel instead of adding to its 845,050-coin treasury, with the source flagging below-par trading as a trigger for raising the 12% dividend.
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