The Hurdle Rate Podcast(@HurdleRatePod):Strategy $MSTR repurchased $176 million of $STRC last week without issuing a single share of common. All of it came from the new USD cash reserve, the one held separately from the STRC reserve. • Zero common stock sold on the week • $1.44 billion left in that separate pile • 8 more weeks of buybacks at that same size, no common needed The goal behind all of it is getting the instrument back to par, because par is what lets you issue the product on the market again. $SATA is already there. The buybacks look set to continue. @PunterJeff

2026.09.10 13:00

Strategy $MSTR repurchased $176 million of $STRC last week without issuing a single share of common. All of it came from the new USD cash reserve, the one held separately from the STRC reserve. • Zero common stock sold on the week • $1.44 billion left in that separate pile • 8 more weeks of buybacks at that same size, no common needed The goal behind all of it is getting the instrument back to par, because par is what lets you issue the product on the market again. $SATA is already there. The buybacks look set to continue. @PunterJeff