Strategy Snaps Up $139 Million of STRC, Bitcoin Purchases Frozen for Second Week

Strategy, the company behind the Bitcoin treasury, has repurchased $139.3 million worth of its STRC preferred stock between September 8 and 13.

The purchase was funded entirely from Strategy's USD Cash reserve, bringing the total spent on buybacks to $1.05 billion under a $2 billion digital credit securities repurchase program.

Strategy did not acquire any new Bitcoin during this period, leaving its holdings of 845,050 BTC unchanged for the second consecutive week.

The company's Bitcoin stack is valued at approximately $63.73 billion, with an average price per coin of $75,412.