{"id":13247,"date":"2026-09-15T06:32:26","date_gmt":"2026-09-15T06:32:26","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13247"},"modified":"2026-09-15T06:32:26","modified_gmt":"2026-09-15T06:32:26","slug":"strategy-prioritizes-950-million-strc-buyback-over-expanding-its-bitcoin-treasury","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13247","title":{"rendered":"Strategy prioritizes $950 million STRC buyback over expanding its Bitcoin treasury"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>Strategy\u2019s latest $139.3 million repurchase of STRC variable-rate preferred shares has brought its spending on buybacks to about $950.8 million since July 20, more than twice what it spent acquiring Bitcoin over the same period.<\/p>\n<p>The company\u2019s Sept. 14 filing disclosed purchases of 1,420,467 STRC shares between Sept. 8 and Sept. 13, funded entirely from its USD Cash balance. Strategy neither bought nor sold Bitcoin and sold no shares through its at-the-market program during that reporting period.<\/p>\n<p>Across eight reporting periods spanning July 20 to Sept. 13, Strategy repurchased approximately 9.96 million STRC shares. Its reported Bitcoin purchases were confined to Aug. 24-30, when it acquired 4,603 BTC for $369.7 million.<\/p>\n<p>That puts STRC repurchase spending at roughly $2.57 for every $1 spent buying Bitcoin during the window.<\/p>\n<figure id=\"attachment_562562\" aria-describedby=\"caption-attachment-562562\" style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-562562 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic.jpg\" alt=\"Strategy's capital split\" width=\"1280\" height=\"720\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic.jpg 1280w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic-300x169.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic-1024x576.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic-768x432.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic-480x270.jpg 480w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic-1200x675.jpg 1200w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-562562 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic.jpg\" alt=\"Strategy's capital split\" width=\"1280\" height=\"720\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic.jpg 1280w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic-300x169.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic-1024x576.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic-768x432.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic-480x270.jpg 480w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/strategy-capital-split-infographic-1200x675.jpg 1200w\" data-sizes=\"(max-width: 1280px) 100vw, 1280px\"\/><figcaption id=\"caption-attachment-562562\" class=\"wp-caption-text\">Infographic compares Strategy\u2019s $950.8 million in STRC repurchases with $369.7 million in Bitcoin purchases and distinguishes its two dollar pools.<\/figcaption><\/figure>\n<h2>Cash goes toward preferred shares<\/h2>\n<p>The latest purchases extend a pattern, when cumulative STRC spending stood at $811.5 million. Supporting the preferred shares draws on money that could also fund Bitcoin accumulation.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining The Catalyst\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Catalyst <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">What\u2019s moving crypto. Why it matters.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Get CryptoSlate\u2019s essential stories and what to watch next.<\/p>\n<p>  <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" viewbox=\"0 0 16 16\" aria-hidden=\"true\" focusable=\"false\"> <path d=\"M15 3.604H1v1.891h14v-1.89ZM1 7.208V16l7-3.926L15 16V7.208zM15 0H1v1.89h14z\"\/> <\/svg> <span>Published on Substack<\/span> <\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Seven days a week. Unsubscribe anytime.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<div class=\"cs-inline-newsletter__success\" role=\"status\" aria-live=\"polite\" aria-atomic=\"true\" tabindex=\"-1\"> <span class=\"cs-inline-newsletter__success-icon\" aria-hidden=\"true\"\/><\/p>\n<div>\n<h3 class=\"cs-inline-newsletter__success-title\">Check your inbox.<\/h3>\n<p class=\"cs-inline-newsletter__success-copy\">Your signup request was sent. If confirmation is required, follow the email from Substack.<\/p>\n<p class=\"cs-inline-newsletter__success-hint\">Look in spam or promotions if you don\u2019t see it.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>In its July 27 buyback policy, the company said repurchasing shares below their $100 stated amount could reduce future preferred-dividend requirements at a discount.<\/p>\n<p>Management expected purchases generally to taper as STRC approached $100, although timing and amounts remain discretionary. The policy gives Strategy a reason to spend on its own securities even when that spending does not add Bitcoin to its treasury.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Strategy keeps STRC at 12% as Saylor has seven days to salvage the $10 billion Bitcoin yield product as costs spiral<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>Earlier in the campaign, Bitcoin sales helped finance those obligations. During July 27-Aug. 2, Strategy sold 1,638 BTC, using $52.4 million of proceeds for preferred dividends and $52.3 million for STRC repurchases.<\/p>\n<p>The following week, it sold another 1,690 BTC for $108.6 million, using those proceeds to fund STRC buybacks.<\/p>\n<p>The distinction between Strategy\u2019s two dollar pools matters. As of Sept. 13, its flexible USD Cash stood at $1.3 billion. Its separate USD Reserve was $5.10 billion and designated for preferred dividends and debt interest.<\/p>\n<p>Under the July 27 policy, that reserve was not authorized to fund STRC repurchases.<\/p>\n<p>Strategy still held 845,050 BTC as of Sept. 13. The buybacks compete with further accumulation, but the eight-week comparison does not establish a permanent change in its Bitcoin strategy.<\/p>\n<p>The board doubled the preferred-security repurchase authorization to $2 billion on Sept. 8, including earlier purchases. About $1 billion remained available as of Sept. 13, giving Strategy room to continue supporting its preferred shares while Bitcoin purchases remain intermittent.<\/p>\n<\/div>\n<p>Digital Asset Treasuries,Featured,Investments,TradFi,Bitcoin,BTC,StrategyBitcoin,BTC,Strategy#Strategy #prioritizes #million #STRC #buyback #expanding #Bitcoin #treasury1789453946<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategy\u2019s latest $139.3 million repurchase of STRC variable-rate preferred shares has brought its spending on buybacks to about $950.8 million since July 20, more than twice what it spent acquiring Bitcoin over the same period. The company\u2019s Sept. 14 filing disclosed purchases of 1,420,467 STRC shares between Sept. 8 and Sept. 13, funded entirely from<\/p>\n","protected":false},"author":1,"featured_media":13248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,285,3240,2997,406,6921,107,2842,585],"class_list":["post-13247","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-bitcoin","tag-btc","tag-buyback","tag-expanding","tag-million","tag-prioritizes","tag-strategy","tag-strc","tag-treasury"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strategy prioritizes $950 million STRC buyback over expanding its Bitcoin treasury - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"From July 20 to Sept. 13, STRC repurchases absorbed about $2.57 for every $1 Strategy spent buying Bitcoin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=13247\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategy prioritizes $950 million STRC buyback over expanding its Bitcoin treasury\" \/>\n<meta property=\"og:description\" content=\"From July 20 to Sept. 13, STRC repurchases absorbed about $2.57 for every $1 Strategy spent buying Bitcoin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=13247\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-15T06:32:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/brave_kFIWA88ado.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13247\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=13247\",\"name\":\"Strategy prioritizes $950 million STRC buyback over expanding its Bitcoin treasury - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13247#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13247#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/brave_kFIWA88ado.jpg\",\"datePublished\":\"2026-09-15T06:32:26+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"From July 20 to Sept. 13, STRC repurchases absorbed about $2.57 for every $1 Strategy spent buying Bitcoin.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13247#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=13247\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13247#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/brave_kFIWA88ado.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/brave_kFIWA88ado.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13247#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Strategy prioritizes $950 million STRC buyback over expanding its Bitcoin treasury\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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