Strategy, the Nasdaq-listed bitcoin treasury company, did not purchase bitcoin last week and instead repurchased $139 million of its preferred stock, STRC.

A filing submitted to the Securities and Exchange Commission on Monday showed that Strategy bought back 1.42 million STRC preferred shares for approximately $139.3 million between September 8 and September 13. The transaction directed capital toward repurchasing preferred shares rather than adding to the company’s bitcoin holdings, providing a snapshot of its capital allocation during the latest reporting period.

The company continues to hold 845,050 bitcoins, valued at $66.2 billion at current prices. It also reported two cash balances: $5.1 billion in USD Reserve and $1.3 billion in USD Cash.

Strategy has repurchased $139M of $STRC . As of 9/13/26, we hold 845,050 $BTC and $6.4B of USD Assets. $MSTR — Strategy (@Strategy) September 14, 2026

Strategy, the largest corporate holder of bitcoin, has shifted this year from its previous pattern of regularly purchasing the cryptocurrency to buying back its stock and building a cash reserve. On some occasions, the company also sold small portions of its bitcoin holdings, despite founder and chairman Michael Saylor’s well-known call to “never sell your bitcoin.”

After a 10-week pause, Strategy resumed bitcoin purchases during the final week of August, acquiring nearly $370 million worth of the cryptocurrency. It has not reported another bitcoin purchase since then.

Shares of Strategy, which trade under the ticker MSTR, were up 3% on Monday. The stock has fallen more than 75% from its record high in November 2024, one month before bitcoin crossed the long-anticipated $100,000 level.

The company, formerly known as MicroStrategy, is an enterprise software business that began buying and holding bitcoin in 2020. It initially purchased the cryptocurrency as a hedge against inflation for shareholders, but later expanded its strategy and repositioned itself as a bitcoin treasury company.

Strategy has defended its recent bitcoin sales. Chief Executive Officer Phong Le said the company now has a “bullet-proof balance sheet.” In its quarterly earnings report in July, Strategy recorded an $8.22 billion loss, but Le said the company’s current paper loss was not a cause for concern.

“We’re the J.P. Morgan of the crypto economy, so whether we sell 1,000 bitcoin out of 840,000 to me is irrelevant to the conversation,” Le said in a subsequent interview.

The article, written by Mathew Di Salvo, first appeared in Bitcoin Magazine: https://bitcoinmagazine.com/news/strategy-again-skips-bitcoin-buy