Quick Maths On STRC Buybacks: The Truth About Net Bitcoin Per Share and Accretion

Bitcoin Magazine Quick Maths On STRC Buybacks: The Truth About Net Bitcoin Per Share and Accretion Strategy initiated open-market repurchases of STRC last week (July 20 through July 26, 2026), buying 288,930 shares for ~$25 million at an average price of $86.52.

Notably, the company bought no Bitcoin and continued to grow its cash reserve.  So what is going on here? Why is the largest Bitcoin treasury company buying back its credit?  Context  In June 2026, STRC fell far below the $100 stated amount.

Check out these two articles for some in depth analysis about what exactly happened:  Crash Post Mortem – What Happened to STRC in June 2026 The Sixth Lever  Last week’s STRC buyback follows Strategy’s Digital Credit Capital Framework, announced on June 29 in response to the June volatility, which authorized up to $1 billion of repurchases across STRC, STRF, STRD, and STRK.

Likely because STRC is now viewed as Strategy’s flagship product, STRC was identified as the initial priority for these buybacks.  Buyback logic starts with the position of MSTR common stock in the capital structure.