It appears that last week’s bitcoin purchase from the largest corporate holder of the cryptocurrency was an outlier, as the company has refrained from doubling down. Instead, its former CEO,
It appears that last week’s bitcoin purchase from the largest corporate holder of the cryptocurrency was an outlier, as the company has refrained from doubling down. Instead, its former CEO, Michael Saylor, announced minutes ago on X that the firm has repurchased another $176 million worth of STRC.
Moreover, it increased the size of the recently launched Digital Credit Securities Repurchase Program from $1 billion to $2 billion. Saylor’s post also reminded that the company currently holds 845,050 BTC and $6.5 billion in USD assets.
Strategy’s position recently turned green even after the minor correction in the past 24 hours. Its stash was bought at an average price of $75,412 per unit. Given BTC’s current trading price of $78,200, it means that the company stands on an unrealized profit of over $2 billion.
Strategy has repurchased $176M of $STRC and increased the size of its Digital Credit Securities Repurchase Program from $1.0B to $2.0B. As of 9/7/26, we hold 845,050 $BTC and $6.5B of USD Assets. $MSTRhttps://t.co/mxqv9QCRat
— Michael Saylor (@saylor) September 8, 2026
It’s worth noting that Strategy’s purchase last week raised some eyebrows in the crypto community because it came at prices of over $80,000 while its sales were completed when the asset had tumbled to around $62,000. In other words, Strategy bought high after selling low.
Nevertheless, its STRC repurchasing program has benefited the underlying asset’s recovery. The shares, which are supposed to trade at par levels of $100, dumped to $75 earlier this summer, but have rebounded to almost $98 as of Friday’s close.
The post No Bitcoin for Strategy This Week as Focus Remains on STRC Buybacks appeared first on CryptoPotato.
