Strategy (MSTR) Stock: No Bitcoin Bought for Third Week as Company Repurchases STRC Preferred Stock

TLDR

• MSTR rose over 2% in premarket trading on Monday
• Strategy sold 5.4M Class A shares, raising $544.5M through its ATM program
• The company bought back 288,930 STRC preferred shares for $25M
• Strategy has not purchased Bitcoin for three straight weeks, with holdings frozen at 843,775 BTC
• USD reserve climbed to $3.75B, up from $3.225B the prior week

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Strategy sold 5,429,160 Class A common shares between July 20 and July 26, generating $544.5 million in net proceeds through its at-the-market offering program.

The stock was up 2.63% at $94.08 in early Monday trading, while STRC preferred shares climbed 2.3% to $88.90 ahead of the open.

Strategy Inc, MSTR

At the same time, the company repurchased 288,930 shares of its STRC preferred stock for $25 million. The moves were disclosed in a Form 8-K filed with the SEC on Monday.

No Bitcoin for Third Week Running

For the third consecutive week, Strategy made no Bitcoin purchases or sales. Holdings remain at 843,775 BTC, acquired at an average price of $75,476 per coin, or $63.69 billion in total.

We repurchased 288,930 shares of $STRC for $25M at an average price of $86.52 per share. We intend to remain a regular, disciplined buyer of STRC below $100. More at deeper discounts, less as STRC nears $100. Another $975M remains available for our prefs. https://t.co/cpUNofIcBy

— Michael Saylor (@saylor) July 27, 2026

Bitcoin was trading around $64,911 to $64,971 at the time of the filing — below Strategy’s average purchase price.

The company’s USD reserve increased to $3.75 billion as of July 26, up from $3.225 billion the prior week. That reserve is earmarked for dividend payments on preferred stock and interest on outstanding debt.

The preferred stock repurchase drew some attention given that executive chairman Michael Saylor posted “We’re gonna need another color” on X on Sunday. Some observers took it as a hint at a new preferred stock move, though no further detail was given.

The STRC instrument is a 9.0% Series A Perpetual Stretch Preferred Stock, and the buyback reduces the outstanding float of that instrument.

Saylor Reignites Bitcoin and Banks Debate

Saylor also stirred debate over the weekend by arguing that Bitcoin’s growth depends on integration with traditional financial institutions. He wrote on X that shutting out banks would block access for most potential users.

The comments drew pushback from Bitcoin supporters who cited the original white paper, which describes BTC as a peer-to-peer electronic cash system designed to cut out intermediaries.

The exchange exposed a split in the Bitcoin community between those who see banks as a necessary on-ramp for mainstream adoption and those who view that path as a betrayal of the network’s core design.

Strategy’s decision to repurchase preferred stock rather than add to its BTC position for a third straight week has prompted some analysts to flag a potential shift in the company’s model, given that Bitcoin purchases have been central to its identity and market positioning.

BTC-USD was down 0.72% ahead of the U.S. market open on Monday.