- Strategy Inc. (STRC) initiated an ongoing share repurchase program, buying back 288,930 shares for $25 million at an average price of $86.52 per share.
- The company also reported its USD reserve increased to $3.75 billion, signaling strong liquidity alongside the buyback.
The buyback program comes as STRC shares have traded in a volatile range, with the repurchase providing a floor for the stock. According to people familiar with the matter, the move is part of a broader capital allocation strategy aimed at returning value to shareholders while maintaining substantial cash reserves.
Strategy's USD reserve growth to $3.75 billion reflects recent capital market activities, including proceeds from digital asset sales and other financing arrangements. The company has been actively managing its balance sheet, balancing liquidity with shareholder returns.
"It's a signal of confidence," said an analyst who asked not to be named. "They're buying stock while sitting on a huge cash pile." Analysts note that the buyback could boost earnings per share by reducing the share count, though the impact depends on the program's duration.
A spokesperson for Strategy declined to comment on the buyback plan beyond the filing. The company has not disclosed a specific expiration date for the repurchase program.
Correction: A previous version of this article misstated the number of shares bought back. The correct figure is 288,930 shares, not 289,000.