Strategy Keeps Bitcoin Holdings Steady, Boosts Digital Credit Securities Repurchase Authorization

Strategy, a company known for its significant Bitcoin holdings, has recently made two key announcements. Firstly, it revealed that its Bitcoin stash remains unchanged at approximately 845,050 BTC as of September 7. This means that no purchases or sales were made during the period between August 31 and September 7.

Additionally, Strategy disclosed an increase in the authorization for its digital credit securities repurchase program from $1 billion to $2 billion. During this time, the company repurchased 1.81 million STRC shares for $176.3 million using USD Cash.

The company ended the period with a substantial amount of cash and reserves, holding $5.1 billion in its USD Reserve and about $1.4 billion in USD Cash. Strategy also had $1.19 billion remaining for preferred stock repurchases and another $1 billion available under its MSTR repurchase program.