MSTR Stock Slips After Strategy Leaves Bitcoin Stash Untouched, Doubles Buyback Program To $2B

The company repurchased around 1.8 million STRC shares for $176.3 million during the week, without buying back its other preferred securities or common stock.

• Strategy funded the STRC repurchase entirely from its $1.44 billion USD Cash pool rather than issuing new debt or equity.
• Its separate $5.10 billion USD Reserve, designated for preferred dividends and debt interest, remained unchanged.
• The company has now gone two consecutive weeks without adding to its Bitcoin position, marking a shift from the more frequent purchases seen in 2025 and early 2026.

Shares of Strategy (MSTR) continued to slide in early trading Tuesday alongside Bitcoin’s (BTC) decline after the company reported no new Bitcoin purchases over the past week, while doubling its authorized buyback program to $2 billion.

According to a new 8-K filing, Strategy expanded its capacity to buy back its own securities and continued funding those repurchases through its more flexible and newly launched "USD Cash" pool rather than new debt or equity issuance.

MSTR stock fell over 3% in pre-market trade, while Bitcoin’s price dropped 1.45% in the last 24 hours to around $78,300. On Stocktwits, retail sentiment around both assets trended in ‘neutral’ territory over the past day.