Strategy has spent $1.28 billion, or 64%, of its $2 billion repurchase fund on STRC over 10 weeks. According to NS3.AI, Monday's filing showed less than $724 million remaining in the program.

Strategy spent $151.7 million buying STRC last week, six times its spending rate when the buybacks began. The purchases helped lift STRC from below $72 per share in June to an opening price of $99.18 today. Strategy has funded almost all of its STRC repurchases with proceeds from issuing MSTR common stock.