$STRC Buyback Program Continues with $1 Billion Authorization

Strategy's executive chairman Michael Saylor is reaffirming his commitment to returning the company's Digital Credit Securities ($STRC) to its par value of $100. This week, he stated that Strategy will not issue new $STRC below par and is instead absorbing supply through buybacks to create upward price pressure.

The $1 billion buyback program for $STRC was formally announced on June 29, 2026. So far, Strategy has spent $25 million to repurchase 288,930 shares at an average price of $86.52 per share. This leaves $975 million remaining in authorized buyback capacity.

Saylor emphasized that Strategy is committed to its Bitcoin treasury, which holds between 843,775 and 846,842 BTC, one of the largest corporate holdings on the planet by a significant margin. He noted that monetizing these Bitcoin holdings is one mechanism available to fund further buybacks and support dividend obligations if needed.

The combination of the committed buyback program and the 12% dividend on $STRC may attract income-focused institutional buyers, who would not typically look at a crypto-adjacent company.