Strategy spent $139.3 million repurchasing its own preferred shares between September 8 and 13, choosing to clean up its balance sheet rather than add to its Bitcoin holdings. The company still holds 845,050 BTC, acquired at an average cost of roughly $75,412 per coin for a total investment of approximately $63.73 billion. The repurchase program authorization was doubled to $2 billion, with $1.19 billion remaining available. Strategy has approximately $5.1 billion in USD reserves and has formalized a policy requiring enough liquidity to cover at least 12 months of preferred dividends and interest payments, approximately $1.76 billion annually.
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