The stock traded higher at the open after the company said it made no new Bitcoin purchases last week and unveiled a digital credit repurchase program.
Strategy’s STRC shares rose nearly 9% at the open, moving back above the $80 level after the company announced a $1 billion digital credit buyback program. The move came alongside an update that Strategy made no new Bitcoin purchases last week. Share buyback announcements can signal an effort to support prices or adjust capital structure, while the absence of new Bitcoin accumulation may be notable for investors who track the company’s treasury strategy closely.