Strategy Doubles Buyback Plan, Repurchases $176M in STRC

Strategy Inc., a business intelligence firm turned Bitcoin treasury company, has announced that it has repurchased $176 million of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) while doubling the size of its Digital Credit Securities Repurchase Program from $1 billion to $2 billion. This move is part of the company's efforts to manage its complex capital structure built around Bitcoin holdings and a suite of preferred securities.

The company, which trades under the ticker MSTR, has positioned itself as a leader in treating Bitcoin as a primary treasury reserve asset while maintaining a legacy business intelligence software operation. As of September 8, 2026, Strategy reported holding 845,050 Bitcoin alongside $6.5 billion in USD assets.

The latest repurchase activity targets STRC shares trading below their $100 par value, a strategy management has described as accretive to the overall capital structure by retiring future dividend obligations at a discount. The expanded $2 billion authorization covers the company's outstanding digital credit securities, including STRC, STRF, STRD, and STRK.