Strategy buys back $139M of STRC, Bitcoin holdings unchanged

Photo: Rafael Minguet Delgado / Pexels Strategy Inc., formerly known as MicroStrategy, has repurchased approximately $139 million of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), according to Decrypt Media. This buyback comes amid a two-week period where the company’s Bitcoin holdings have remained unchanged at 845,050 BTC. The decision to allocate corporate cash towards STRC rather than altering its Bitcoin position suggests a strategic focus on supporting preferred stock. The market response indicates an increase in perceived confidence in STRC’s potential performance. Key Takeaways Strategy’s repurchase of $139 million in STRC suggests strong confidence in the asset’s potential, which could be driving market participants to increase the perceived likelihood of STRC hitting $100. The unchanged Bitcoin holdings for a second consecutive week may indicate a strategic shift in capital allocation, focusing resources on preferred stock rather than expanding Bitcoin assets. Market pricing suggests a moderate increase in the odds of STRC achieving the $100 mark by the end of 2026, with current odds at 80.5% for December 31. What to Watch Observers will be monitorin...