Strategy repurchases $139 million of STRC perpetual preferred stock, holds steady on BTC

Strategy, a Nasdaq-listed Bitcoin treasury company, repurchased 1.42 million shares of its variable-rate perpetual preferred stock, STRC, for $139.3 million between September 8 and 13. The company utilized its USD Cash reserves for the buyback, which aims to keep the trading price near the $100 stated amount. Strategy did not purchase or sell any Bitcoin during this period, maintaining its holdings at 845,050 BTC. As of September 13, the company holds $6.4 billion in total USD liquidity, comprising $1.3 billion in USD Cash and $5.1 billion in USD Reserves.