Strategy did not add to its bitcoin position last week. Instead, the Nasdaq-listed company repurchased its own STRC preferred stock.
A filing submitted to the U.S. Securities and Exchange Commission on Monday showed that Strategy bought back 1.42 million STRC preferred shares for about $139.3 million between Sept. 8 and Sept. 13.
As of Sept. 13, 2026, the company held 845,050 BTC, worth about $66.2 billion at current prices. It also reported two dollar balances: $5.1 billion in USD Reserve and $1.3 billion in USD Cash, for a combined $6.4 billion in USD assets.
In a post on X, the company wrote: "Strategy has repurchased $139M of $STRC. As of 9/13/26, we hold 845,050 $BTC and $6.4B of USD Assets. $MSTR"
Shift in capital allocation this year
Strategy, the largest corporate holder of bitcoin, has moved away this year from its more predictable pattern of buying the asset on a regular basis. The company has instead focused on stock repurchases and building a cash reserve. At times, it has also sold small amounts of its BTC holdings, even though founder and chairman Michael Saylor has long argued that bitcoin should not be sold.
After a 10-week pause, Strategy resumed bitcoin buying in the final week of August, acquiring nearly $370 million worth of BTC. It has not made another bitcoin purchase since then.
MSTR shares and management comments
Strategy shares, listed on Nasdaq under MSTR, were up 3% on Monday. Even so, the stock has fallen more than 75% from the record high it reached in November 2024. Bitcoin crossed the $100,000 mark in December 2024, one month later, according to the report.
Formerly known as MicroStrategy, the company began shifting toward buying and holding bitcoin in 2020. It first said the move was meant to protect shareholders from inflation. Since then, it has expanded that approach aggressively and turned itself into a bitcoin treasury company.
Strategy has defended its recent bitcoin sales. CEO Phong Le said the company now has a "bullet-proof balance sheet." In its quarterly earnings release in July, Strategy reported an $8.22 billion loss. Le later told investors that the company’s current paper loss was not something to worry about.
In a subsequent interview, Le said: "We’re the J.P. Morgan of the crypto economy, so whether we sell 1,000 bitcoin out of 840,000 to me is irrelevant to the conversation."
The report first appeared in Bitcoin Magazine and was written by Mathew Di Salvo.
