Strategy, formerly MicroStrategy, spent $136.4 million to repurchase 1,431,212 shares of preferred stock during the week ending August 23, bringing its USD reserves to $5.1 billion from $4.8 billion a week earlier. The buybacks were funded through at-the-market sales of its Class A common stock (MSTR) under a $1 billion repurchase program. The company’s Bitcoin holdings remained unchanged at approximately 440,447 BTC with a cost basis of around $75,385 per coin. This operation aligns with the strategy shift announced in June, pivoting from pure Bitcoin acquisition to active balance sheet management.
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