Strategy Begins $25M STRC Buyback, Pledges Ongoing Purchases Below $100
MSTR sits 15% above its 52-week low of $81.81.
Summary
Strategy has started repurchasing its STRC preferred shares, buying 288,930 shares for $25M at an average $86.52—a 13.5% discount to the $100 stated value. The company announced an ongoing buyback policy, scaling purchases with the discount, and added $525M to its USD Reserve, now at a record $3.75B covering ~25 months of preferred dividends. Management will recommend keeping the 12% dividend rate until STRC trades near $100, signaling confidence in the preferred's value. This follows the June 2026 $2B repurchase authorization and the Q2 $8.32B digital asset loss; the buyback and reserve build show a shift toward supporting the capital structure. The policy could tighten STRC supply and support its price, while the growing reserve reduces near-term liquidity risk for preferred dividends.
At the time of this announcement, MSTR was trading at $94.11 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $32.1B. The 52-week trading range was $81.81 to $419.95. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.