Strategy Inc. Pauses Bitcoin Buys for STRC Repurchases Amid Market Volatility

Strategy Inc., the world's largest corporate holder of Bitcoin, has made a strategic shift in its capital allocation strategy. The company has paused new Bitcoin acquisitions for three consecutive weeks as of July 27, 2026, opting instead to repurchase its preferred shares, known as STRC.

During the six-day period ending July 26, Strategy Inc. repurchased approximately 288,930 STRC shares, deploying $25 million in capital to support the program. The company is utilizing proceeds from its at-the-market (ATM) common stock offerings to fund these repurchases, rather than tapping into its dedicated USD Reserve.

The move comes as Strategy Inc. aims to balance its $55 billion Bitcoin treasury with the active management of its capital structure. President and CEO Phong Le has emphasized that while the company remains committed to its identity as a Bitcoin treasury firm, the current market conditions necessitate a disciplined approach to share pricing.

The company's ability to generate cash through ATM offerings provides the necessary liquidity to continue these buybacks without liquidating its Bitcoin holdings. Chairman Michael Saylor has clarified that future buybacks could be funded through a mix of stock sales or strategic Bitcoin sales, but the current strategy favors dollar accumulation over fresh crypto purchases.