Strategy Pauses Bitcoin Purchases Amid STRC Repurchases

Strategy, the largest corporate holder of Bitcoin, has paused its Bitcoin purchases. According to its latest SEC filing, Strategy used part of its financing machinery to repurchase shares of its preferred stock vehicle, STRC, instead of adding to its BTC treasury during its most recent reporting window.

The company repurchased $176.3 million worth of STRC preferred shares, about 1.8 million shares, between Aug. 31 and Sept. 7. Over the same period, Strategy also increased the size of its Digital Credit Securities Repurchase Program to $2 billion.

Strategy's BTC treasury remains unchanged at 845,050 BTC in the filing, with an average acquisition price of $75,412.