Strategy repurchases $139M STRC as its treasury hits 845,050 BTC - Details
Strategy is back in the spotlight after it repurchased $139 million worth of its STRC preferred stock on 14th September. Meanwhile, its Bitcoin [BTC] holdings have reached 845,050 BTC. These are worth $65.83 billion now following the recent purchase of 4,603 BTC on 31st August. So, all this, along with $6.4 billion in USD assets, has given Michael Saylors Bitcoin DAT a substantial liquidity cushion. STRC brings Strategy back on track Here, it‘s worth noting that STRC’s BTC credit now stands at a 57-basis-point (0.57%). In laymans language, this is a measure of credit risk or safety cushion behind the preferred stock. It is calculated using assumptions that Bitcoin will return 10% annually, have 40% volatility, and trade at $77,266. All in all, with this move, Strategy is strengthening its balance sheet, reducing some STRC obligations, and maintaining substantial assets to support its financial commitments. MSTRs liquidity cushion expands On the other hand, MSTR has become more liquid and actively traded during its second Bitcoin cycle, with Strategy arguing, Liquidity creates demand. Demand creates liquidity. Source: Strategy/X For context, during Strategys first period, from August 2020 through 2023, average daily dollar volume was only about $0.3 billion, with annual figures of $82 million in 2020, $509 million in 2021, $179 million









