Strategy repurchases $176M in STRC stock, doubles buyback program to $2B

Strategy Inc. has repurchased $176.3 million of its STRC preferred stock and doubled its Digital Credit Securities Repurchase Program to $2 billion. The company paused its weekly Bitcoin acquisitions, keeping its treasury holdings flat at 845,050 BTC. The buybacks aim to support STRC, which has traded at a discount to its $100 par value. Economist Peter Schiff criticized the move, questioning if STRC can attract genuine investor demand without continuous corporate intervention.

STRC repurchase program expansion

• ▪Strategy Inc. repurchased 1.8 million shares of its STRC preferred stock for $176.3 million between August 31 and September 7, 2026.
• ▪Strategy Inc. doubled the capacity of its Digital Credit Securities Repurchase Program from $1 billion to $2 billion, according to an SEC filing.
• ▪Strategy Inc. funded its $176.3 million STRC preferred stock buyback using cash from its USD Cash account.

Strategy Bitcoin treasury holdings

• ▪Strategy Inc. has spent an aggregate of $63.6 billion to acquire its 845,050 Bitcoin, representing an average purchase price of $75,412 per coin.
• ▪Strategy Inc. held 845,050 Bitcoin and $6.5 billion in U.S. dollar assets as of September 7, 2026.
• ▪Strategy Inc. did not acquire or sell any Bitcoin between August 31 and September 7, 2026, keeping its total holdings unchanged.
• ▪Strategy Inc. CEO Phong Le defended selling approximately 7,000 Bitcoin for $544 million over the summer of 2026 to fund preferred dividends.

STRC par value discount

• ▪Strategy Inc. established a capital framework on June 29, 2026, allowing Bitcoin sales to fund dividends and raising the STRC dividend rate to 12%.
• ▪Strategy Inc.'s STRC preferred stock traded at $97.70 on September 8, 2026, representing a 2.3% discount from its $100 par value.

Peter Schiff demand criticism

• ▪Economist Peter Schiff questioned whether Strategy Inc.'s buybacks address underlying demand for STRC, arguing that ending the buybacks would cause the price to drop.
• ▪Peter Schiff stated that there is insufficient investor demand for STRC at its current 12% dividend rate without ongoing buyback support from Strategy Inc.

Competitor Bitcoin treasury purchases

• ▪France-listed Bitcoin treasury Capital B announced a $25 million Bitcoin acquisition on September 7, 2026, pushing its holdings past H100 Group.
• ▪Corporate Bitcoin treasury competitor Strive acquired 1,375 Bitcoin for $109 million at an average price of $79,281 per BTC, as announced on September 7, 2026.

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