[REVISION HISTORY]

Strategy shifts from Bitcoin accumulation to stock repurchas

Updated 21 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-08 14:53 UTC → 2026-09-11 03:18 UTC · added ~~removed~~

Strategy has resumed its Bitcoin accumulation following a ten-week hiatus, purchasing 4,603 BTC for approximately $369.7 million at an average price of $80,318 per coin between August 24 and August 30, 2026. This increased total holdings to 845,050 BTC, with an aggregate average cost of approximately $75,412 per coin. The total value of the company’s Bitcoin position is estimated between $65 billion and $68 billion. CEO Phong Le defended the recent transactions as part of a ‘two-way strategy’ designed to meet capital costs and fund preferred stock dividends rather than reacting to market price. ~~During~~ He clarified that between late June and mid-August, the ~~previous buying pause,~~ company sold 6,916 BTC in four tranches at approximately $62,200 per coin. These sales were intended to strengthen the ~~firm focused on strengthening its~~ balance sheet, ~~reducing~~ reduce net ~~debt from $7 billion to zero and accumulating nearly $7 billion in cash reserves. By early September, the company’s total reserve capital—comprising Bitcoin~~ debt, and ~~approximately $6.7 billion in dollar-denominated assets—reached roughly $72.3 billion,~~ take advantage of lower costs for issuing shares. The subsequent repurchase of 4,603 BTC was funded by the ~~second-largest among S&P 500 financial services companies.~~ sale of MSTR shares. During the week ending September 7, the company shifted focus from Bitcoin to repurchasing its own preferred stock. SEC filings indicate Strategy repurchased 1,810,885 STRC shares for approximately $176.3 million using its USD cash ~~pool.~~ pool, targeting a $100 par value for shares trading at a discount. To support such activities, the board doubled the authorization for its digital credit securities repurchase program from $1 billion to $2 billion, with $1.19 billion remaining available as of September 7. The company ~~currently~~ maintains a $5.10 billion ~~in a~~ USD reserve for dividends and interest, alongside $1.44 billion in USD cash for broader corporate purposes.

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