Strategy Shifts Focus from Bitcoin to Preferred Stock Repurchases

Strategy Inc., the company behind the MSTR ticker, has shifted its focus from buying Bitcoin to repurchasing its own preferred stock. From September 8 through September 13, Strategy deployed $139.3 million from its USD Cash holdings to buy back STRC preferred stock.

This move comes as the company's Bitcoin position remains steady at 845,050 BTC, valued at approximately $65.7 billion. Despite a decline in Bitcoin's price of 3.9% over the same period, Strategy's equity fell by 4.7%, settling at $130.97 by Friday's close.

The company's CEO, Michael Saylor, has discontinued his customary Sunday Bitcoin position updates on social media, which historically preceded new BTC acquisition announcements.