Strategy Adds $139M STRC Buyback as Bitcoin Trading Quiet Last Week

World's largest Bitcoin (BTC) holding company Strategy has added to its repurchase of preferred shares STRC for $139 million, as it maintained a stable Bitcoin position with no additional buying or selling last week.

According to Strategy on April 14 (local time), the company purchased $139 million worth of STRC through treasury stock buybacks. This follows its ongoing STRC buyback program aimed at managing capital structure.

The firm did not add to or sell any Bitcoin last week, keeping its BTC holdings steady at 845,050 coins as of April 13. The company also reported holding $6.4 billion in cash assets, which it stated would cover financial obligations for approximately 3.9 years based on its 'USD Duration' metric.

Strategy explained that under assumptions of a Bitcoin price at $77,266, an annualized return rate (ARR) of 10%, and volatility of 40%, STRC's 'BTC Credit' would amount to 57 basis points (0.57 percentage points). This metric represents the additional yield investors receive by holding STRC instead of directly owning Bitcoin.