Strategy Holds 845,050 BTC After $176M STRC Buyback
Strategy did not buy additional Bitcoin last week after purchasing BTC above $80,000 the previous week. Instead, the company repurchased $176 million in STRC preferred stock and doubled its Digital Credit Securities Repurchase Programme from $1 billion to $2 billion, executive chairman Michael Saylor said.
As of 7 September 2026, Strategy held 845,050 BTC and $6.5 billion in cash and other US dollar assets. The Bitcoin was acquired at an average price of $75,412. With BTC trading near $78,200, the company had an unrealised gain of more than $2 billion.
The STRC buyback follows a recovery in the preferred stock, which rose from about $75 earlier in the summer to nearly $98 by Friday’s close. For Bitcoin traders, the update signals continued corporate exposure to BTC but no fresh spot-market demand this week. The larger buyback programme may support Strategy’s capital structure and investor confidence, while its large BTC treasury remains exposed to Bitcoin price volatility.
Neutral
The immediate impact on BTC is likely to be neutral. Strategy did not add to its Bitcoin treasury during the latest week, so the announcement does not create new spot-market demand. The $176 million STRC repurchase and larger credit-securities programme redirect capital towards preferred-stock and financing instruments rather than BTC.
In the short term, traders may view the decision as reducing the chance of another large corporate Bitcoin purchase. This could limit any bullish reaction, particularly after the company’s previous BTC purchase above $80,000 attracted criticism. However, the buyback may improve confidence in Strategy’s capital structure and support its preferred stock.
Over the longer term, Strategy’s 845,050 BTC treasury remains a major corporate-adoption signal. Its unrealised gain at current prices could reinforce investor interest if BTC rises, while a sharp Bitcoin decline would increase balance-sheet and market-sentiment risks. Overall, the absence of new BTC buying offsets the positive corporate-adoption narrative, supporting a neutral classification.