MicroStrategy buys back $139M in STRC shares, pauses Bitcoin purchases

Key facts

• MicroStrategy repurchased 1,420,467 shares of its STRC preferred stock for $139.3 million.
• The company's Bitcoin holdings remained unchanged at 845,050 BTC.
• The buyback was funded entirely from MicroStrategy's USD Cash reserve.
• Approximately $1.05 billion remains available under the digital credit securities repurchase program.
• A separate $1 billion authorization for MSTR stock buybacks remains untouched.

MicroStrategy repurchased $139.3 million of its Series A convertible preferred stock (STRC) in the week ending September 13, funded by its USD cash reserves. This move follows a pause in Bitcoin purchases for the second consecutive week, during which the company maintained its holdings of 845,050 BTC. The company previously acquired nearly $370 million in Bitcoin in late August after a 10-week hiatus. MicroStrategy's Bitcoin holdings were acquired for $63.73 billion at an average price of $75,412 per coin. Approximately $1.05 billion remains available under its $2 billion digital credit securities repurchase program, and a separate $1 billion authorization for MSTR stock buybacks is untouched. As of September 13, the company's dollar balances stood at $5.10 billion in the USD Reserve and $1.30 billion in USD Cash. The company's stock (MSTR) increased 3% on Monday.