Strategy Sails Through Another Week of STRC Buybacks, BTC Holdings Unchanged

Michael Saylor's Strategy has continued its streak of buying back STRC shares under its repurchase program, purchasing over $139 million worth of stock last week. The firm acquired approximately 1.4 million STRC shares at a price that keeps the preferred security trading below its par value of $100.

The buyback is part of Strategy's efforts to drive the STRC stock back up to its par value, and it appears to be working: despite the company's recent weekly buybacks, STRC continues to trade just below $100.

In contrast to its STRC holdings, Strategy's Bitcoin reserves remain unchanged for the second consecutive week. The firm did not buy or sell any BTC last week, keeping its total at 845,050 BTC acquired at an average price of $75,412.