Strategy paused Bitcoin purchases and instead spent $176.3 million buying back its own preferred stock, STRC, aiming to reduce future dividend payments and improve its capital structure. The company used existing cash for this buyback, leaving its Bitcoin holdings unchanged, with recent BTC purchases already underwater. This move raises questions about whether Strategy remains focused on Bitcoin accumulation or is shifting toward managing its capital structure. Investors will watch for renewed Bitcoin buying or further preferred stock repurchases as key indicators of the company's direction.
Strategy, led by Michael Saylor, purchased 4,603 Bitcoin at an average price of $80,318 each in late August 2026, increasing its total Bitcoin holdings to 845,050 BTC. This marks the company's first Bitcoin purchase in 10 weeks after selling nearly 7...
Strategy (formerly MicroStrategy) stock has dropped over 56% in the past year due to Bitcoin's price decline and large unrealized losses on its 846,000 BTC holdings. Despite this, Benchmark's analyst Mark Palmer sets a bullish $435 price target, impl...
