Strategy Doubles Buyback Plan as Strive Boosts Bitcoin Holdings

Strategy, a company that manages a Bitcoin treasury, has doubled its digital credit repurchase authorization to $2 billion. This move comes as Strategy spent $176.3 million buying back its own stock, STRC, between August 31 and September 7.

The company's stock remained below the targeted price of $100, and Strategy's CEO, Phong Le, had previously linked discounted repurchases to lower future preferred dividend obligations.

Meanwhile, Strive, another Bitcoin-treasury company, added 1,375 BTC to its holdings between August 31 and September 4. This purchase increased Strive's total Bitcoin holdings to 24,531 BTC.