Strategy Repurchases $176M in STRC Preferred Shares Amid Bitcoin Pause

Michael Saylor’s Strategy Holdings, the largest corporate Bitcoin treasury, suspended its weekly Bitcoin accumulation to repurchase $176.3 million worth of its preferred STRC shares between August 31 and September 7, according to a filing with the U.S. Securities and Exchange Commission. The repurchase covered approximately 1.8 million shares, reflecting a strategic shift away from new BTC purchases amid a broader market pause in accumulation efforts. Strategy’s Bitcoin holdings remain at 845,050 coins, valued at around $63.6 billion at an average purchase price of $75,412 per coin, though the company has not made a new acquisition since mid-June. Last week, Strategy executed a $370 million Bitcoin purchase, its first since June 16.