Strategy Repurchases $139M of STRC as Its Bitcoin Stack Holds Steady

Strategy repurchased 1,420,467 STRC preferred shares for approximately $139.3 million between September 8 and September 13, according to reports on its September 14 Form 8-K filing. It made no trades in Bitcoin during the period, leaving its holdings unchanged at 845,050 BTC. The 845,050-BTC treasury had an aggregate acquisition cost of about $63.73 billion, or roughly $75,412 per bitcoin.

$139.3M STRC repurchase leaves Bitcoin holdings unchanged

The repurchase covered more than 1.42 million STRC shares and amounted to roughly $139.3 million over the six-day period, The Block reported, citing the company’s filing.

Strategy neither bought nor sold Bitcoin during that window, leaving the size of its treasury unchanged at 845,050 BTC. Decrypt reported that the stated acquisition cost for that position was approximately $63.73 billion.

Because the filing-period figures show no Bitcoin transactions, the reported activity was confined to the company’s capital structure rather than a change in the quantity of Bitcoin it holds; they do not indicate a new Bitcoin purchase funded by the STRC transaction or a Bitcoin sale used to finance it.

Cash funded the buyback while the USD Reserve remained intact

Strategy reported no Bitcoin purchases or sales during the period.

The company repurchased approximately $139.3 million in STRC from its USD Cash balance. That balance was approximately $1.30 billion as of September 13, while the separate USD Reserve was about $5.10 billion, according to BTC Times.

The balances are a snapshot as of September 13 and do not describe subsequent capital deployment.

STRC policy ties purchases to discounts from par

Strategy launched its STRC repurchase policy in July 2026 with a $1 billion digital-credit securities authorization and later raised that authorization to $2 billion, the company said in a September 8 press release.

Under the policy, Strategy said it would regularly buy STRC below its $100 stated amount. Purchases would generally be larger at deeper discounts and would decrease as the preferred security moved closer to par.

That makes the policy price-sensitive rather than a commitment to acquire a fixed number of shares on a set timetable. The latest disclosure gives the number of shares repurchased and the total spent, but not a transaction-by-transaction breakdown of prices.

No purchases of other preferred series, MSTR stock or ATM issuance

The activity was limited to STRC. Strategy did not repurchase shares of its STRF, STRK or STRD preferred series, and it did not repurchase MSTR common stock during the period, according to CoinDesk’s account of the filing.

It also did not sell shares through its at-the-market offering programme. Taken together with the unchanged Bitcoin balance, the disclosures describe a narrowly focused period: cash was used to repurchase STRC, while the company reported no Bitcoin trading, no other listed share repurchases and no ATM issuance.

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