Strategy buys 811 Bitcoin, repurchases $208 million in STRC shares
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Strategy (formerly MicroStrategy) purchased 811 Bitcoin for approximately $96.9 million, at an average price of $119,155 per coin, while simultaneously repurchasing $208 million of its STRC preferred stock, according to a company filing. The dual move underscores the firm's continued leveraged approach to building its Bitcoin treasury, now holding roughly 640,000 BTC, and signals management's view that its equity and preferred shares are trading below intrinsic value. The STRC buyback reduces outstanding preferred shares and future dividend obligations, effectively redirecting capital toward Bitcoin accumulation. Investors will watch whether Strategy continues repurchasing other preferred instruments (STRK, STRF) and how its mNAV premium evolves as Bitcoin prices fluctuate.
Muhabbit's AI wrote this summary in its own words from Crypto Briefing's report. It can get details wrong, so check the source.
Named in this story
Strategy (MSTR), Bitcoin (BTC), STRC
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