Strategy repurchases 1.55M shares for $152M, boosts cash reserves to $1.61B

Strategy repurchased 1,557,177 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) for about $151.8 million during August 24 to 30, 2026. The average paid was about $97.48 per share, below the stock’s $100 stated amount. The company also bought more Bitcoin and increased its USD Cash balance during the same week, according to its August 31 filing.

How Strategy funded the transactions

Strategy sold 4,531,421 common shares (MSTR) through its at-the-market program for $602.8 million in net proceeds. The filing assigns $151.8 million of those proceeds to the STRC repurchase, $369.7 million to 4,603 BTC, $50.7 million to STRC dividends, and $30.0 million to its USD Cash account. These are the company’s reported rounded allocations.

The preferred-stock repurchase used Strategy’s Digital Credit Securities Repurchase Program, announced June 29. After the week’s transactions, $364.8 million remained available under that program. A separate $1 billion common-stock repurchase authorization remained available; the filing reports no MSTR shares repurchased that week.

Cash, Bitcoin and preferred shares

As of August 30, Strategy reported 845,050 BTC, a $5.10 billion USD Reserve intended to support preferred dividends and debt interest, and $1.61 billion in a separate USD Cash account for broader treasury uses. Together, the two reported dollar balances were $6.71 billion. The company said those balances included expected proceeds from share sales that had not yet settled.

STRC is variable-rate preferred stock. Repurchasing its shares reduces the number of shares on which Strategy must pay future dividends. The filing does not quantify an accounting gain from this week’s repurchase, and the remaining authorization does not require Strategy to buy more shares.