{"id":12979,"date":"2026-09-09T03:04:35","date_gmt":"2026-09-09T03:04:35","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12979"},"modified":"2026-09-09T03:04:35","modified_gmt":"2026-09-09T03:04:35","slug":"strategy-doubles-its-stock-buyback-to-2-billion-to-pull-its-strc-shares-back-to-100","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12979","title":{"rendered":"Strategy doubles its stock buyback to $2 billion to pull its STRC shares back to $100"},"content":{"rendered":"

<\/p>\n

\n

Strategy doubled the size of its preferred-stock repurchase program to $2 billion Tuesday as Michael Saylor\u2019s Sept. 8 recovery benchmark arrived with STRC still short of its $100 stated value.<\/p>\n

The board\u2019s decision extends a campaign that was approaching the limits of its original $1 billion authorization after seven weeks of increasingly large purchases.<\/p>\n

Data from STRC.live showed that STRC entered Tuesday around $97 to $98, leaving the variable-rate preferred roughly 2% below the level Strategy has spent much of the summer trying to restore.<\/p>\n

Sept. 8 had emerged as an informal milestone after Saylor compared STRC\u2019s latest recovery with the roughly 70 trading days the security initially needed to climb from its $90 offering price to $100.<\/p>\n

Instead, Strategy reached the date by expanding how much capital it can commit to the repair.<\/p>\n

The taper that wasn\u2019t<\/h2>\n

Strategy\u2019s move comes as its STRC purchases pushed the buyback campaign deeper into territory management had initially expected to avoid as STRC approached par.<\/p>\n

Between Aug. 31 and Sept. 7, the company acquired 1.81 million STRC shares for $176.3 million, implying an average price of about $97.36. Cumulative spending since July has now reached roughly $811.5 million.<\/p>\n

Without this latest increase, only about $188.5 million would have remained under the original $1 billion authorization. The new ceiling leaves Strategy with $1.19 billion available across its preferred-stock repurchase program.<\/p>\n

The spending pattern has moved in the opposite direction from the framework management laid out when the intervention began.<\/p>\n

Strategy initially planned to buy more aggressively when STRC traded well below $100, where repurchases offered better economics, before reducing its presence as the discount narrowed and outside demand took over.<\/p>\n

STRC had fallen near $71 before the campaign began. Strategy spent $25 million in the first week at an average of $86.52, followed by weekly purchases of $81.2 million, $108.6 million, $132.2 million, $136.4 million, and $151.8 million as the preferred climbed closer to par. The latest $176.3 million purchase is the largest yet.<\/p>\n

\"Strategy's\"Strategy's
Table tracks STRC\u2019s weekly SEC filings, capital raised, preferred-share buybacks, Bitcoin changes and dollar reserves from July 20 through Sept. 7, 2026. Source: STRC.live<\/figcaption><\/figure>\n

That means the dollar cost of supporting STRC has continued rising even as the discount Strategy is buying has collapsed from more than 13% during the opening week to less than 3%.<\/p>\n

Each share retired below stated value removes $100 of preferred capital along with the associated dividend obligation at a discount, an advantage that diminishes as STRC approaches par.<\/p>\n

The expanded authorization gives Strategy considerably more room to continue making that trade even after the original program has been more than 80% consumed.<\/p>\n