Strategy Continues STRC Share Buybacks, Bitcoin Holdings Unchanged

Strategy, a Bitcoin treasury firm, has continued its streak of buying back STRC shares under its repurchase program. According to an SEC filing, Strategy purchased approximately 1.4 million STRC shares for $139.3 million last week.

The company used some of the cash from its USD cash pool to fund this latest buyback, bringing its total USD Reserve and USD cash holdings to $5.10 billion and $1.3 billion, respectively.

Notably, Strategy did not sell any shares under its at-the-market (ATM) program last week, marking the second consecutive week it has done so.

The STRC stock is currently trading around $98, up over 3% in the last month. Meanwhile, MSTR stock has gained over 34% during this period, rising alongside Bitcoin's 22% increase.