MicroStrategy Repurchases Preferred Stock with No Bitcoin Buy

Michael Saylor's MicroStrategy has used $139.3 million in USD Cash to repurchase 1,420,467 shares of its preferred stock, known as STRC or Variable Rate Series A Perpetual Stretch Preferred Stock.

This move was made without any Bitcoin purchases or sales during the period from September 8 through September 13.

The company's $2 billion digital credit program retains $1.05 billion in available buying capacity, which could be used for further STRC stock repurchases.