Strategy Doubles Buyback Plan, Pauses Bitcoin Purchases

Strategy's Digital Credit Securities Repurchase Program has been expanded to $2 billion after it spent $176.3 million buying back STRC preferred shares instead of acquiring more Bitcoin.

The company purchased no BTC during the latest weekly reporting period and sold no ATM shares, leaving its holdings unchanged at 845,050 coins acquired for $63.73 billion including fees and expenses at an average cost of approximately $75,412 per coin.

Strategy doubled its preferred securities repurchase authorization from $1 billion to $2 billion, which includes commissions, fees, expenses, and all purchases already completed under the program.