Strategy Stock Slumps on Two Consecutive Weeks of Zero Bitcoin Purchases

Strategy Inc's stock price plummeted nearly 4.7% in morning trading today to $130.52, following two consecutive weeks of zero Bitcoin purchases between September 8 and September 13.

The company instead deployed $139.3 million to repurchase its STRC floating-rate preferred stock during that period, sparking concerns over the sustainability of its strategy as the world's largest corporate Bitcoin accumulator.

This shift in capital allocation is part of a broader pattern, with Strategy spending roughly $950.8 million buying back STRC preferred shares since July 20, more than 2.5 times what it spent on Bitcoin during that period.