Strategy expands repurchase to $2B and buys back $176M of STRC preferred shares, pausing BTC buys

Strategy (Michael Saylor’s company) expanded its digital securities repurchase program to $2 billion and repurchased $176 million worth of STRC preferred shares ^{[1] [2]}.

Several reports said Strategy paused new Bitcoin purchases, including skipping a Bitcoin buy while it repurchased $176 million of STRC preferred shares ^{[2] [3]}.

One report said Strategy bought 0 BTC during the prior week and simultaneously doubled its securities buyback plan to $2B ^[4].

Strive, a separate company referenced in the coverage, reportedly added 1,375 BTC for about $109 million and increased its holdings to 24,531 BTC ^[5].

A market recap reported Strategy shares fell about 3% in Tuesday premarket trading to $138.43, while it cited Strategy’s Bitcoin holdings at 845,050 BTC and an average acquisition cost of $75,412 per coin ^[6].