Strategy Inc, the company formerly known as MicroStrategy, has pushed its USD cash reserves to $4 billion while simultaneously spending $81 million to repurchase shares of its own preferred stock, STRC.
The company also holds 842,138 BTC, acquired at an average cost of approximately $75,419 to $75,482 per coin.
The STRC buyback play
Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, mercifully shortened to STRC, is a preferred equity instrument that pays a 12% annual dividend distributed semi-monthly in cash.
The company announced its first round of STRC buybacks on July 27, 2026, revealing it had repurchased 288,930 shares for roughly $25 million between July 20 and 26. The average price came in at about $86.52 per share.
