Strategy spent $950.8 million on STRC preferred share repurchases since July 20, more than double the $369.7 million used to acquire 4,603 BTC between August 24 and 30. The latest repurchase of 1.42 million STRC shares for $139.3 million between September 8 and 13 was funded entirely from its USD cash balance. The company held 845,050 BTC and had approximately $1 billion in remaining repurchase authorization unused. This strategy reduces future preferred-dividend obligations by buying shares below their $100 stated value, without directly affecting its Bitcoin treasury.
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