Strategy Buys 950 Bitcoin—but Spends More Than Twice as Much Buying Back STRC

By Isaac • September 21, 2026 11:09 am •

Strategy is buying Bitcoin again, but the more revealing number in its latest update is not 950 BTC. It is the $174 million the company spent buying back its own STRC preferred shares—more than twice the $75.7 million it put into Bitcoin.

According to Strategy, the company acquired 950 BTC between September 14 and September 20 at an average price of $79,670 per coin. That brought its holdings to 846,000 BTC, purchased for roughly $63.8 billion at an average cost of $75,416.

The Bitcoin buy ended a two-week pause, but it was only one part of the week’s capital allocation. Strategy also repurchased 1,771,238 shares of STRC for $174 million.

It sold no common or preferred