Strategy is back in the spotlight after it repurchased $139 million worth of its STRC preferred stock on 14th September. Meanwhile, its Bitcoin [BTC] holdings have reached 845,050 BTC.
These are worth $65.83 billion now following the recent purchase of 4,603 BTC on 31st August.
So, all this, along with $6.4 billion in USD assets, has given Michael Saylor’s Bitcoin DAT a substantial liquidity cushion.
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STRC brings Strategy back on track
Here, it’s worth noting that STRC’s BTC credit now stands at a 57-basis-point (0.57%).
In layman’s language, this is a measure of credit risk or safety cushion behind the preferred stock. It is calculated using assumptions that Bitcoin will return 10% annually, have 40% volatility, and trade at $77,266.
All in all, with this move, Strategy is strengthening its balance sheet, reducing some STRC obligations, and maintaining substantial assets to support its financial commitments.
MSTR’s liquidity cushion expands
On the other hand, MSTR has become more liquid and actively traded during its second Bitcoin cycle, with Strategy arguing,
Liquidity creates demand. Demand creates liquidity.
For context, during Strategy’s first period, from August 2020 through 2023, average daily dollar volume was only about $0.3 billion, with annual figures of $82 million in 2020, $509 million in 2021, $179 million in 2022, and $297 million in 2023.
However, that changed dramatically after 2023. Average daily trading volume jumped to $3.8 billion in 2024, increasing further to $4.7 billion in 2025, and standing at $2.8 billion year-to-date through 11th September, 2026. This jump marked an approximately 13× increase in liquidity.
Market dynamics paint bullish picture
All of these positive developments happened as MSTR’s stock was trading at $130.97 after a hike of 1.87% in the last 24 hours. Meanwhile, STRC’s stock was changing hands at $98.64 after a hike of 0.68% over the same period.
Interestingly, like the equity market, BTC too was trading at $77,850.93 after a hike of 1.4% in the last 24 hours. This happened just a day after Saylor continued to advocate for Bitcoin as a form of “digital capital” and a potential global reserve asset.
Final Summary
- Strategy’s Bitcoin holdings reached $65.83 billion despite multiple sell-offs.
- Both MSTR and STRC of Strategy have been seeing positive investor sentiments.
