Strategy prioritizes $950 million STRC buyback over expanding its Bitcoin treasury

Strategy has spent approximately $950.8 million on repurchasing STRC variable-rate preferred shares since July 20, more than double the $369.7 million it spent on Bitcoin acquisitions during the same period. A Sept. 14 filing revealed that the company repurchased 1,420,467 STRC shares between Sept. 8 and Sept. 13 using USD cash reserves, while no Bitcoin was bought or sold. The company's buyback policy aims to reduce future preferred-dividend obligations by repurchasing shares below their $100 stated value.