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Strategy doubles buyback program to $2B after $176M STRC repurchase to support bitcoin-backed securities.

Market News
09 Sep 2026
Cointribune
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Neutral
Strategy doubles buyback program to $2B after $176M STRC repurchase to support bitcoin-backed securities.

Strategy announced a $176 million buyback of its STRC shares and doubled its buyback capacity to $2 billion to reinforce support for its bitcoin-backed securities. The company holds over 845,000 bitcoins and $6.5 billion in cash, aiming to stabilize its crypto credit structure amid market skepticism. Critic Peter Schiff questioned the sustainability of demand for STRC without ongoing buybacks. Meanwhile, Strategy's online store sells a BTC-themed sneaker for $250 but does not accept bitcoin as payment, highlighting a disconnect between institutional promotion and practical use of bitcoin.

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