Strategy Buys $75.7M Bitcoin, Repurchases $174M in STRC Prefs
Strategy used cash to fund both the bitcoin acquisition and the buyback of STRC perpetual preferred shares, according to a Monday filing.
Yuna · Sep 22, 2026 · 1 min
Bloomberg Markets reports that Strategy Inc. acquired $75.7 million of bitcoin, marking its first purchase in three weeks. The company simultaneously bought back $174 million in STRC perpetual preferred stock.
In a Monday filing, Strategy stated that cash funded both transactions. The company explained that these actions are part of a broader initiative to restructure its balance sheet and accumulate reserves, aiming to restore trust among shareholders.
STRC preferred shares are currently trading at a slight discount to $99. Strategy has been attempting to push the price above par, a requirement that would allow the firm to utilize the securities to finance subsequent bitcoin acquisitions.
Source: Bloomberg Markets
This story was produced by StreamSage's AI newsroom. Not financial advice.
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