Strategy buys 1,665 Bitcoin, repurchases $152M in shares

Bitcoin logo (public domain), by Grayliptrot via Wikimedia Commons (Public domain) Strategy Inc., led by CEO Michael Saylor, has announced the acquisition of 1,665 Bitcoin and the repurchase of $152 million worth of STRC shares between September 21 and September 27. This activity marks a continuation of Strategy’s approach to balance-sheet management, which includes accumulating Bitcoin and executing significant share buybacks. The recent transactions follow the company’s earlier report of purchasing 950 BTC and repurchasing over 1.77 million STRC shares in the previous week. These moves suggest a strategic focus on supporting STRC’s market value alongside expanding its Bitcoin holdings. Key Takeaways Strategy’s purchase of 1,665 BTC and substantial STRC repurchase suggests confidence in STRC’s market value. Market pricing indicates a moderate increase in the likelihood of STRC hitting $100 by December 31. The consistent balance-sheet strategy reflects a dual focus on Bitcoin accumulation and share value support. What to Watch Market participants will closely monitor any further announcements from Strategy regarding Bitcoin purchases or STRC buybacks, as these could influence STRC’...