Strategy Prioritizes Preferred Share Buyback Over Weekly Bitcoin Purchases

Strategy, a company founded by Michael Saylor, has made an unusual move in its investment strategy. Instead of purchasing Bitcoin as usual, the firm chose to repurchase $176.3 million worth of STRC preferred shares from its own issuance.

This decision comes at a time when STRC shares are trading below their par value of $100, limiting the company's ability to raise funds through new sales and potentially forcing it to increase its dividend rate.

Strategy also doubled the size of its Digital Credit Securities Repurchase Program, increasing the limit to $2 billion without modifying its holdings of 845,050 BTC, acquired at a total cost of $63.6 billion at an average price of $75,412 per unit.