Strategy pauses Bitcoin buys (again) ⏸️

The Bitcoin treasury firm's return to buying BTC lasted exactly a week, with Strategy instead spending $176.3 million on a preferred stock buyback.

Author

Stephen Graves
September 08, 2026

📝 What you need to know

Strategy’s return to shoring up its Bitcoin treasury was a brief one, with the firm resuming its pause in BTC buys last week. Instead, Strategy focused on repurchasing STRC, buying back $176.3 million of the preferred stock—while also doubling its digital credit securities repurchase program to $2 billion.

Meanwhile, other DATs continue to stock up on their underlying asset, with Tom Lee’s Bitmine scooping up another $70 million in ETH over the past week, taking it to around 4.9% of the Ethereum supply.

Strategy's Return to Bitcoin Buying Lasted Exactly One Week

The Bitcoin treasury firm spent $176.3 million on its own preferred stock, and doubled the buyback program's authorization to $2 billion.

Bitcoin · BTCSeptember 8, 2026
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