Strategy Boosts Balance Sheet with $139M STRC Repurchase and Record-Breaking Bitcoin Holdings

Michael Saylor's Strategy company has made significant moves to strengthen its balance sheet. On September 14th, it repurchased $139 million worth of STRC preferred stock, bringing its treasury holdings to 845,050 BTC.

This move has provided a substantial liquidity cushion for the company, which now holds $6.4 billion in USD assets and $65.83 billion in Bitcoin. The STRC's credit risk or safety cushion behind the preferred stock stands at a 57-basis-point (0.57%) measure.

The calculation uses assumptions that Bitcoin will return 10% annually, have 40% volatility, and trade at $77,266. This means Strategy is reducing some STRC obligations while maintaining substantial assets to support its financial commitments.