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09/09/2026

Strategy Doubles STRC Buyback Program to $2B, Pauses Bitcoin Purchases

What happened: Strategy (formerly MicroStrategy) repurchased $176.

Strategy Doubles STRC Buyback Program to $2B, Pauses Bitcoin Purchases

What happened: Strategy (formerly MicroStrategy) repurchased $176.3 million of its STRC preferred shares last week, bringing the total buyback program to $2 billion. The firm made no new Bitcoin purchases, keeping its holdings at 845,050 BTC. The buybacks, funded entirely from USD reserves, mark the fifth consecutive week of increased STRC repurchases as STRC traded at a discount to par value.

Why it matters: The shift from Bitcoin accumulation to aggressive STRC buybacks suggests a tactical pivot amid market volatility and STRC price pressure. Some analysts interpret the move as defensive, aiming to support STRC's price near par rather than create long-term value. The trend also signals that even the most prominent corporate Bitcoin treasuries are not immune to capital allocation trade-offs.

Source: Cointelegraph, The Block