Grab EXTRA 10% OFF all Tangem products. Till Oct 25Strategy Inc. spends $139M on buyback, holds Bitcoin steady
6.7 Investments Strategy Inc. spent $139M on STRC share buybacks, keeping its 845,050 BTC holdings unchanged. The move signals a shift toward balance sheet optimization over new Bitcoin purchases.
Strategy Inc. allocated approximately $139 million from its cash reserves to repurchase Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) between September 8 and 13. During this period, the company did not buy or sell any Bitcoin, maintaining its holdings at 845,050 BTC, valued at about $63.7 billion. This action marks a shift in Strategy Inc.'s capital management approach, prioritizing share repurchases and balance sheet optimization over further Bitcoin accumulation. The buyback is part of an expanded $2 billion program, enabling the company to retire equity at a discount and reduce future dividend obligations. Market observers view this as a strategic pivot, reflecting confidence in the company's stock and a reassessment of the immediate value of cryptocurrency investments amid current market conditions.
