Strategy Balances Bitcoin Buys with Preferred Stock Repurchases

Strategy spent far more money on buying back its STRC preferred stock than on buying Bitcoin in the week ending September 20th, 2026. The business spent around $174 million on STRC repurchases, or roughly 2.3 times the $75.7 million put toward purchasing 950 Bitcoin at an average cost of $79,670 per coin. This shows a short-term change in capital allocation that gives preferred stock obligations first priority or benefits from apparent discounts in its STRC shares.

Although Bitcoin accumulation has started again after a little two-week break, the more significant cash outlay toward preferred stock buybacks points to a deliberate choice to control liabilities and perhaps maximize value for the remaining STRC stockholders. This balanced approach shows Strategy's ability to simultaneously achieve several financial goals.

The market view is that Strategy has not abandoned its long-term Bitcoin accumulation plan. Rather, the business is running simultaneous plans: keeping its Bitcoin reserve—which currently amounts to 846,000 BTC acquired for around $63.8 billion—while also boldly using cash to buy back securities when they seem undervalued or to maximize its capital structure.