Strategy has no fixed Bitcoin target as STRC growth gains focus

  • Strategy resumed Bitcoin purchases, increasing its holdings to 847,666 BTC.
  • Michael Saylor said Strategy has no fixed Bitcoin holdings target and aims to maximize STRC growth for further purchases.
  • Market pricing puts the probability of STRC reaching $100 by December 31 at 91%, while Strategy repurchased $152 million of STRC shares on September 28.

Strategy resumed Bitcoin purchases over the past two weeks, lifting its holdings to 847,666 BTC, while Michael Saylor said the company has no predetermined accumulation target. Saylor said Strategy aims to maximize growth in STRC, its digital credit instrument, and remain a net Bitcoin buyer by raising capital through equity and loan products. Strategy is also repurchasing STRC shares while acquiring Bitcoin, and market pricing assigns a 91% probability to STRC reaching $100 by the December 31 resolution, up from 80% a week earlier. Saylor said Bitcoin appreciation, broader investor acceptance of STRC and more favorable funding costs could support further purchases.

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