Strategy Pauses Bitcoin Buying Again, Shifts US$139.3m to STRC Buybacks

Corporate ActionDigital Finance
โดย Simply Wall St·US·Read original
Summary · why it matters

Strategy Inc. paused Bitcoin purchases for a second straight week, redirecting company reserves toward buybacks of its STRC preferred shares. The firm has directed US$139.3m into STRC preferred repurchases under a US$2b framework, a move that leans into its digital credit story as concerns build around its capital structure and the sustainability of the program. Strategy operates as a bitcoin treasury business within the software sector, using its US$52.6b scale to manage digital asset exposure across the US and several international regions. Critics are questioning whether ongoing buybacks funded from internal resources can be maintained without reshaping Strategy's broader capital framework, keeping attention on payout obligations, refinancing options and the trade off between supporting STRC pricing and preserving dry powder for future BTC or AI initiatives. The next earnings release capturing this buyback window is the clearest checkpoint, with focus on updated STRC outstanding balances, preferred dividend coverage, remaining authorization under the repurchase program, and any change in Strategy's stance on resuming Bitcoin purchases alongside its AI and Mosaic partnership updates.

Impact on stocks 1

Digital Finance & Tokenization▲ · 1 stocks
MicroStrategy Incorporated
MSTR
± MixedCapitalrelevance

Strategy paused Bitcoin purchases for a second week and redirected US$139.3m to STRC preferred buybacks, raising concerns about its capital structure and program sustainability.

Theme Impact 2

Related news

▼

Corporate Bitcoin Buying Plunges to About 5,900 BTC in Past Three Months, Glassnode Says

On-chain analytics firm Glassnode reported on September 16 that net Bitcoin purchases by listed companies amounted to only about 5,900 BTC over the past three months, roughly 69.5 billion yen. Compared with the roughly 89,000 BTC, or about 1.048 trillion yen, recorded in July 2025, that is about one-fifteenth of the level. The average acquisition price for listed companies stands at about 80,500 dollars, roughly 6 percent above the market price at the time of the survey, leaving these companies as a whole sitting on unrealized losses. Behind the slowdown in buying are the decline in Bitcoin's price and tightening financial conditions, as core inflation in the United States has fallen to 2.4 percent while the policy rate holds at 3.75 percent, pushing real interest rates higher. New demand from sources other than companies has also weakened: U.S. spot Bitcoin ETFs saw net outflows of about 334 million dollars between September 8 and 14, while the stablecoin supply was roughly 301 billion dollars, flat from the previous week. Strategy, one of the world's largest Bitcoin holders, is shifting its focus from an all-out buying strategy to management that emphasizes capital efficiency, and Glassnode noted that the corporate average acquisition price of 80,500 dollars could serve as near-term resistance on the upside.
BTC ▼MSTR ▼
Digital Finance & Tokenization ▼
NADA NEWS·28mRead more →
▲2

Evernorth Raises $30 Million from NH Investment & Securities to Buy XRP

Evernorth has secured $30 million in financing through a convertible bond from South Korea's NH Investment & Securities to fund XRP purchases and ecosystem-related activities. According to a Form 8-K filed with the SEC, the company issued $30 million of 4% convertible senior PIK notes maturing in 2031, in an agreement with NH Investment & Securities, which serves as trustee for Kyobo AIM Corporate Finance General Private Investment Trust No. 3. The financing is contingent on the completion of Evernorth's business combination with Armada Acquisition Corp. II, which is expected to close in the fourth quarter of 2026, after which the company plans to list on Nasdaq under the ticker symbol XRPN. Evernorth already holds approximately 346.28 million XRP, and the tracked publicly listed companies hold a combined total of about 346.4 million XRP, worth roughly $489 million at current prices. Meanwhile, seven XRP ETFs hold about 1.1286 billion XRP, with weekly net inflows of roughly 6.34 million XRP, or about $8.99 million.
005945.KOXRPXRPN
Digital Finance & Tokenization ▲
NADA NEWS·4hRead more →
▲2

Bitcoin Tops $81,000 as Short Squeeze Offsets Rate and Regulatory Pressure

Bitcoin surged above $81,000 on Saturday as a wave of short liquidations and renewed spot demand helped the cryptocurrency rebound from losses triggered by higher interest rates and a setback for U.S. crypto legislation. Bitcoin climbed as high as $81,702 on Sept. 18 after trading near $76,400 a day earlier, marking its first move above $80,000 since Sept. 7, and was trading at $81,309.4 as of 22:50 ET, up 5.62% for the day. The rebound followed a difficult week in which the Federal Reserve raised interest rates by 25 basis points and the Bank of Japan followed with a quarter-point increase to 1.25%, its highest policy rate in 31 years, while U.S. spot Bitcoin ETFs recorded about $159 million of inflows on Sept. 17. A sharp short squeeze then accelerated Friday's rally, with roughly $192 million of leveraged crypto positions liquidated within one hour, including more than $183 million in shorts, of which Bitcoin shorts accounted for about $119 million. Regulatory uncertainty remains in focus after the U.S. Senate failed to advance the CLARITY Act this week, though the CFTC has submitted a separate crypto market proposal to the White House Office of Management and Budget and the SEC introduced an innovation exemption giving qualifying platforms a five-year route to offer onchain trading in certain tokenized stocks without registering as securities exchanges.
BTC ▲
Digital Finance & Tokenization ▲
Investing.com·8hRead more →
© 2026 MarketDXNews