Strategy Continues STRC Buybacks Amid Bitcoin Resurgence

Strategy has resumed buying back its perpetual preferred stock, STRC, spending $635.2 million to date.

The company purchased another $151.8 million worth of STRC at an average price of $97.48 per share during the week ended Aug. 30, with the security trading near $97.

This brings Strategy's total STRC buybacks to $635.2 million, despite the stock remaining below its par value of $100.

Strategy has also returned to buying Bitcoin after a roughly two-month pause, acquiring 4,603 BTC for $369.7 million at an average price of $80,318 per coin, taking its total holdings to 845,050 BTC.