Michael Saylor’s Strategy rarely stopped buying coins last week, and instead repurchased $176 million of STRC preferred stock, about 1.8 million shares. The timing was concentrated from August 31 to September 7. The company also doubled the size of its digital securities repurchase program to $2 billion. STRC is now trading around $97.7, about 2.3% below its $100 par value. This preferred stock is one of the main channels Strategy uses to raise funds to keep buying coins; once the price falls below par, issuing new shares to raise capital becomes less smooth. Its current holdings are temporarily paused at 845,000 BTC.