Strategy did not buy or sell a single Bitcoin throughout the period of September 8 to September 13, 2026. The zero-transaction figure was fully disclosed in an official 8-K filing submitted to regulators on September 14.
The pause in activity extended beyond digital assets. For two consecutive weeks, the company chose to refrain from issuing or selling new shares through its at-the-market (ATM) program, an instrument it regularly uses to raise fresh funds on public markets.
In place of its usual large-scale crypto spending, Strategy management directed capital entirely toward internal operations. A total of $139.3 million in cash was allocated specifically to repurchase 1,420,467 STRC preferred shares. This substantial sum was drawn directly from USD cash reserves, completely separate from new equity issuances or any liquidation of Bitcoin holdings.
This hundred-million-dollar share buyback follows an identical decision made the prior week. Just days earlier, the company deployed $176.3 million in cash to redeem a similar series of preferred shares from the market.
The Mathematics Behind the Balance Sheet
The consecutive pauses across two distinct markets mark a short-term tactical shift for the company. Strategy management is currently pivoting from an aggressive Bitcoin accumulation phase to a more tightly measured balance sheet management stage.
Michael Saylor outlined the technical calculation framework underpinning the balance sheet restructuring. Internal company reports place the Bitcoin credit position for STRC at 57 basis points, paired with a projected USD duration pegged at 3.9 years.
Management’s entire formula is built upon three fixed baseline figures. Strategy’s latest financial model uses a Bitcoin price benchmark of $77,266 as its baseline evaluation. This calculation is complemented by an expected 10% annual Bitcoin yield and a 40% asset volatility tolerance.
Restructuring Capital Without Selling Coins
The decision to buy back 1.4 million shares using cash reserves highlights Strategy’s current priorities. The need to streamline liabilities and internal capital structure was fully funded without forcing the company to liquidate a single coin from its accumulated Bitcoin treasury.
For market participants accustomed to the corporation’s massive buying sprees, the two-week pause presents a sharp contrast. While the company is taking a step back from the crypto market, its total coin holdings remain completely untouched. Reported via crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
