Strategy Corporation Boosts Net Bitcoin Per Share with Strategic Stock Buyback
Strategy Corporation, a company known for its large Bitcoin treasury holdings, recently initiated an open-market repurchase of its own STRC stock. From July 20 to July 26, 2026, Strategy bought back 288,930 shares at an average price of $86.52, spending around $25 million in total.
This move is part of the company's Digital Credit Capital Framework, announced on June 29, which allows for up to $1 billion of repurchases across several STRC-related assets. The initial priority for these buybacks was identified as STRC, likely due to its status as Strategy's flagship product.
The purpose behind this strategy is to improve the Net Bitcoin Per Share (Net BTC) metric, which considers senior liabilities and cash reserves when calculating the residual value of each share. By retiring liabilities at below their notional values, the company aims to create accretion on a net BTC basis.