Overview
- Strategy bought 4,603 BTC in the week of Aug. 24–30, bringing its total to 845,050 BTC, then halted weekly Bitcoin purchases the following reporting week and shifted cash to preferred repurchases.
- Between Aug. 31 and Sept. 7 Strategy repurchased $176.3 million of its STRC variable‑rate perpetual preferred and expanded its Digital Credit Securities Repurchase Program from $1 billion to $2 billion.
- Strategy funded the late‑August Bitcoin buy largely with $602.8 million raised from at‑the‑market common stock sales and used separate cash pools to cover the preferred buybacks and dividends.
- Strive added 1,375 BTC in the week to Sept. 4 to reach about 24,531 BTC, and CEO Matt Cole said roughly 70% of that week’s funding came from SATA perpetual preferreds which now show about $999 million in notional outstanding.
- Markets moved on the cadence and funding mix: MSTR shares fell about 3% after Strategy paused buys while ASST surged to yearly highs on Strive’s accumulation signals, and the differing use of perpetual preferreds raises questions about dividend obligations and future issuance capacity.