Strategy Boosts Net Bitcoin Per Share with $25M STRC Buyback

Strategy has executed a $25 million buyback of its STRC shares between July 20 and July 26, 2026, purchasing 288,930 shares at an average price of $86.52.

The company did not acquire any additional Bitcoin during this period, instead focusing on expanding its cash reserves.

This move is part of Strategy's Digital Credit Capital Framework, announced on June 29, which authorized up to $1 billion in repurchases spanning STRC and other securities.

The framework takes into account the company's capital structure, with common stockholders holding residual claims after senior liabilities are settled.

Strategy has introduced a new metric called Net Bitcoin Per Share (Net BPS), which calculates the Bitcoin economically attributable to common equity after deducting senior claims.