Strategy Prioritizes STRC Buybacks Over Bitcoin Treasury Expansion

Strategy, a company that invests in Bitcoin and other assets, has revealed its latest spending priorities. In a recent filing, it reported repurchasing $139.3 million worth of STRC variable-rate preferred shares between Sept. 8 and Sept. 13. This brings the total spent on buybacks to around $950.8 million since July 20.

This amount is more than twice what Strategy spent acquiring Bitcoin during the same period, which was approximately $369.7 million. The company's purchases were funded entirely from its USD Cash balance and did not involve buying or selling Bitcoin.

The strategy of prioritizing STRC buybacks over expanding its Bitcoin treasury has been consistent across eight reporting periods since July 20. During this time, Strategy repurchased approximately 9.96 million STRC shares.