Bitcoin treasury company Strategy (MSTR) repurchased approximately 1.42 million shares of its STRC preferred stock for about $139.3 million between Sept. 8 and Sept. 13, according to an 8-K filing with the Securities and Exchange Commission. The buyback was funded from the company’s USD Cash reserve, leaving its USD Reserve at $5.1 billion and USD Cash at $1.3 billion as of Sept. 14.
Strategy did not buy or sell any bitcoin during the period, keeping its total holdings unchanged at 845,050 BTC ($65.7 billion) for a second consecutive week. The position represents more than 4% of bitcoin’s 21 million supply cap and implies roughly $2 billion in paper gains, with a total acquisition cost of $63.7 billion at an average purchase price of $75,412 per BTC.
The move reflects Strategy’s shifting capital-allocation priorities under its Digital Credit Capital Framework. The company initially authorized a $1 billion repurchase program for digital credit securities, prioritizing STRC, and increased that authorization to $2 billion last week. It also approved a $1 billion common stock buyback and expanded its BTC Monetization Program to allow up to $5 billion in bitcoin sales to fund reserves, dividends, interest payments, and securities repurchases. Co-founder and Executive Chairman Michael Saylor has recently refrained from posting his usual Sunday bitcoin tracker updates, which historically preceded acquisition announcements.
According to Bitcoin Treasuries data, 197 public companies have adopted a bitcoin acquisition model. Strategy remains the largest corporate holder, followed by Tether-backed Twenty One with 43,514 BTC, Metaplanet with 43,000 BTC, MARA with 35,577 BTC, and Bitcoin Standard Treasury Company with 30,021 BTC. Strategy’s common stock fell 4.7% last week to close at $130.97 on Friday, while bitcoin dropped 3.9% over the same period.
