$STRC $BTC Why Buybacks Are Eating the Bitcoin Budget
The headline number people miss: Strategy spent $192 million repurchasing its STRC preferred stock — nearly ten times what it spent on Bitcoin
That's a directional signal. The company is redirecting cash toward:
Supporting its own capital structure (preferred shareholder confidence)
Buying back equity as the stock slides
Buying Bitcoin as a third priority
Buying has been genuinely uneven all year — Strategy actually sold 6,916 BTC across four transactions between June 30 and August 10 . This isn't a one-way accumulation machine anymore.
The company still holds $5.5 billion in cash and dollar assets as a buffer #STRC百亿规模优先股每月刚性付息1亿 #BTC走势分析
The headline number people miss: Strategy spent $192 million repurchasing its STRC preferred stock — nearly ten times what it spent on Bitcoin
That's a directional signal. The company is redirecting cash toward:
Supporting its own capital structure (preferred shareholder confidence)
Buying back equity as the stock slides
Buying Bitcoin as a third priority
Buying has been genuinely uneven all year — Strategy actually sold 6,916 BTC across four transactions between June 30 and August 10 . This isn't a one-way accumulation machine anymore.
The company still holds $5.5 billion in cash and dollar assets as a buffer #STRC百亿规模优先股每月刚性付息1亿 #BTC走势分析