Strategy Lifts Preferred Buyback to $3B, Adds 267 Bitcoin
MSTR sits 71% above its 52-week low of $81.81.
Summary
Strategy raised its preferred stock (digital credit) buyback authorization to $3.0B from $2.0B, the third expansion since the program launched at $1.0B on June 29 and was doubled to $2B on September 8. About $1.16B remains available after the increase. Shares rose 2.12% to $139.73 pre-market on the news. The same weekly update shows the company bought 267 BTC for $22.1M at an average $82,900, funded by selling 140,872 class A shares for $22.0M net — continued ATM dilution to accumulate bitcoin. Holdings now stand at 848,517 BTC bought for $64.02B at an average $75,446, with the token near $82,531 pre-open, leaving the position modestly above cost. The buyback expansion matters because it supports the preferred securities that fund the bitcoin stack; watch whether the larger authorization gets drawn down and how much further ATM issuance follows.
At the time of this announcement, MSTR was trading at $139.73 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $57.8B. The 52-week trading range was $81.81 to $306.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.