Strategy boosts USD reserves to $4B while repurchasing $81M of STRC preferred stock

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. The total STRC repurchase figure now sits at $81 million, part of a larger $1 billion buyback program the company has authorized. STRC has been trading below its par value. When a company buys back its own shares below par, it’s essentially getting a discount on eliminating future obligations. Every STRC share repurchased is one fewer share requiring that 12% annual dividend payment. Since launching its preferred stock products beginning in earl...