Strategy Inc Discloses Bitcoin Holdings and Preferred Stock Repurchase Activity
Strategy Inc reported its bitcoin holdings and preferred stock repurchase activity for the period from September 8 to September 13. The company held approximately 845,050 bitcoins as of September 13, acquired at a total cost of $63.73 billion with an average purchase price of $75,412 per bitcoin, including fees and expenses.
The company's Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) saw 1,420,467 shares repurchased for an aggregate purchase price of $139.3 million during the same period. The STRF preferred shares offer a dividend yield of 9.6%, according to InvestingPro.
Strategy Inc maintains a U.S. dollar reserve of $5.10 billion and a USD Cash balance of $1.30 billion as of September 13, which includes funds available for potential bitcoin acquisitions and capital management. The company's digital credit securities repurchase program has $1.05 billion remaining under the preferred stock category, and $1.0 billion is available for the MSTR Stock repurchase program.