Michael Saylor's Strategy Goes 3 Weeks Without Touching Bitcoin Stash, Keeps Buying STRC Stock

Michael Saylor’s Strategy (MSTR) announced on Monday that it held off buying or selling any Bitcoin (BTC) for a third consecutive week, while it continued to repurchase its STRC preferred stock.

According to the firm’s latest 8-K filing with the Securities and Exchange Commission (SEC), Strategy's Bitcoin holdings remain unchanged at approximately 845,050 coins, with an aggregate cost basis of $63.73 billion. That comes up to around $75,412 per coin.

MSTR stock edged 0.8% higher in pre-market trade despite broader market weakness.

Michael Saylor Buys Back More STRC Stock

While its Bitcoin stash remained untouched, Strategy used its USD Cash pool reserve to repurchase STRC preferred stock for the third straight week. It bought back around 1.42 million shares for $139.3 million over the past week.

That follows $176.3 million spent on the same purpose the week before, and $139.3 million the week before that.

The repeated buybacks are also reducing Strategy's flexible USD Cash pool. The reserve stood at about $1.59 billion in late August before falling to $1.44 billion and then $1.30 billion over the following three weeks. That represents a decline of roughly $290 million, broadly matching the $454.9 million Strategy spent on STRC repurchases over the same period.