Strategy Inc. doubled the authorization for its preferred-stock repurchase program to $2 billion on Sept. 8, while reporting that it bought or sold no bitcoin during the preceding week. The board action expands the pool available for buybacks of the company’s digital credit securities.
In a Form 8-K filed with the U.S. Securities and Exchange Commission, Strategy said $1.19 billion remained available under the Digital Credit Securities Repurchase Program as of Sept. 7. The authorization covers purchase prices as well as commissions, fees and expenses, including repurchases already completed.
Strategy spent $176.3 million repurchasing STRC
Between Aug. 31 and Sept. 7, the company repurchased 1,810,885 shares of its variable-rate Series A perpetual Stretch preferred stock, traded as STRC, for an aggregate $176.3 million. It reported no repurchases of STRF, STRK, STRD or MSTR common stock during the same period.
The filing says Strategy funded the STRC transaction with USD Cash. That account is distinct from the company’s USD Reserve: management describes USD Cash as capital available for broader treasury purposes, potentially including bitcoin purchases, additions to the reserve and other capital-management uses.
Cash accounts ended the week at $6.54 billion
Strategy reported a $5.10 billion USD Reserve and $1.44 billion of USD Cash as of Sept. 7, a combined $6.54 billion. The reserve is intended to support preferred-stock dividends and interest on outstanding debt, while the separate cash balance gives management flexibility within its capital framework.
The expanded authorization does not require Strategy to spend the full amount or complete repurchases on a fixed timetable. It establishes capacity for future transactions. The Sept. 8 disclosure therefore records both a completed STRC buyback and a board-approved increase in the remaining program, rather than a new bitcoin purchase.
Bitcoin holdings stayed at 845,050 BTC
Strategy said it neither bought nor sold bitcoin and issued no shares through its at-the-market program during the week. Its holdings remained at approximately 845,050 BTC, acquired for an aggregate $63.73 billion at an average cost of about $75,412 per coin, including fees and expenses.
The unchanged balance follows the company’s purchase of 4,603 BTC in the prior reporting period. BlockchainReporter previously detailed Strategy’s return to bitcoin buying after a two-month pause. This week’s filing shifts the capital-allocation focus from accumulation to preferred-stock repurchases, while preserving the same reported bitcoin treasury total.
