Strategy repurchases 288,930 Stretch shares for $25M under new buyback program

Strategy raised $544.5 million through the sale of 5.43 million Class A shares under its at-the-market (ATM) program during the week ended July 26, while making no Bitcoin purchases and increasing its US dollar reserve to $3.75 billion, according to a filing on Monday.

The company also repurchased 288,930 shares of its STRC preferred stock for $25 million. Strategy said $975 million remains authorized for preferred share repurchases and $1 billion for common stock buybacks. 

The company remains the world’s largest corporate Bitcoin holder, with holdings worth around $55 billion.

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