Strategy repurchased $139 million worth of STRC preferred stock on September 14, bringing its total Bitcoin holdings to 845,050 BTC. The combined holdings, valued at $65.83 billion in Bitcoin plus $6.4 billion in USD assets, represent a substantial liquidity position for the company.
The Bitcoin accumulation includes a purchase of 4,603 BTC on August 31. Strategy's STRC preferred stock now carries a 57-basis-point credit spread, calculated using assumptions of 10% annual Bitcoin returns, 40% volatility, and a Bitcoin price of $77,266.
Trading Volume Expansion
Strategy has experienced significant growth in trading liquidity in recent years. During its first period from August 2020 through 2023, average daily dollar volume was approximately $0.3 billion. Annual trading volumes for that period were $82 million in 2020, $509 million in 2021, $179 million in 2022, and $297 million in 2023.
After 2023, trading activity increased substantially. Average daily volume reached $3.8 billion in 2024, $4.7 billion in 2025, and $2.8 billion year-to-date through September 11, 2026—representing approximately a 13-fold increase over the earlier period.
Recent Market Performance
At the time of reporting, MSTR stock traded at $130.97 after a 24-hour gain of 1.87%, while STRC stock traded at $98.64 following a 24-hour increase of 0.68%. Bitcoin traded at $77,850.93, up 1.4% in the previous 24 hours.
