Strategy Spends Three Times More on STRC Than Bitcoin Purchases

Strategy’s latest transactions show that supporting its preferred-share financing has become a significant use of corporate liquidity. Common equity issuance continues to fund Bitcoin accumulation, while STRC repurchases are financed separately through existing cash. A further Bitcoin decline would increase pressure on Strategy’s treasury valuation, making liquidity coverage and financing costs more important. Strategy spent more than three times as much repurchasing its preferred shares as it did acquiring Bitcoin last week, revealing how the company’s treasury strategy increasingly depends on managing its financing obligations.