Strategy Repurchases STRC Shares with $139.3 Million as Bitcoin Holdings Remain Unchanged

Strategy, a company known for its significant Bitcoin holdings, has made a notable move in its capital allocation strategy. Over the past week, the firm used $139.3 million to repurchase approximately 1.42 million shares of its STRC preferred stock.

This decision comes as Strategy maintains one of the largest corporate Bitcoin holdings, with 845,050 BTC valued at $63.73 billion and an average purchase price of $75,412 per Bitcoin.

The company's USD Reserve stands at $5.10 billion, while its USD Cash reserve is at $1.30 billion as of September 13.