Key facts
- MicroStrategy repurchased over 1.4 million STRC shares for $139.3 million last week.
- The buyback was funded by the company's USD cash pool.
- MicroStrategy's Bitcoin holdings remained unchanged at 845,050 BTC.
- The company's average purchase price for its Bitcoin holdings was $75,412 per BTC.
- STRC stock is trading around $98, up over 3% in the last month.
- MicroStrategy stock has gained over 34% in the last month.
MicroStrategy, a Bitcoin treasury firm, continued its share repurchase program last week, buying back over 1.4 million shares of its Series A convertible preferred stock (STRC) for $139.3 million. The company funded this buyback using its USD cash pool. This marks the second consecutive week that MicroStrategy has not sold any STRC shares under its at-the-market program.
STRC stock is currently trading around $98, a slight increase of over 3% in the past month, remaining just below its par value of $100. Meanwhile, MicroStrategy's Class A common stock has seen a more significant gain of over 34% in the last month, mirroring the rise in Bitcoin's price, which has increased by over 22% in the same period. MicroStrategy's common stock was trading flat at around $132.
In parallel, MicroStrategy's Bitcoin holdings remained unchanged for the second consecutive week, with the company holding 845,050 BTC. These holdings were acquired at an average price of $75,412 per BTC, totaling $63.73 billion. The firm had previously paused its Bitcoin purchases after resuming them briefly, shifting its focus to STRC buybacks and building its cash reserves.