Geopolitics Alpha

Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged

Published . Updated .

Strategy's total holdings account for roughly 4% of the 21 million bitcoin supply cap — worth roughly $66 billion.

Directly affected

  • MSTR Strategy

    Named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • BITX 2X BITCOIN STRATEGY ETF

    GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: strategy, bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • GOLY STRATEGY SHARES GOLD ENHANCED YIELD ETF

    GA selected GOLY as a RELATED security because its canonical security name directly matches this event's themes: strategy, shares. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • ROMO STRATEGY SHARES NEWFOUND/RESOLVE ROBUST MOMENTUM ETF

    GA selected ROMO as a RELATED security because its canonical security name directly matches this event's themes: strategy, shares. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • AVL DIREXION SHARES ETF TRUST

    GA selected AVL as a RELATED security because its canonical security name directly matches this event's themes: shares. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITB BITWISE BITCOIN ETF TR

    GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
MSTR———————
IBIT———————
COIN———————
MARA———————
RIOT———————
HOOD———————
BITX———————
GOLY———————
ROMO———————
AVL———————
BITB———————

Strategy's total holdings account for roughly 4% of the 21 million bitcoin supply cap — worth roughly $66 billion.

Source: The Block

2X Bitcoin Strategy Etf (BITX) since this story, compared with the market

Since the first closing price after “Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged,” 2X Bitcoin Strategy Etf (BITX) is +12.91%. The S&P 500 fund (SPY) is +1.21% over the same days, a +11.69% difference versus the market.

BITX
SPY

Who gains and who loses around 2X Bitcoin Strategy Etf (BITX)

Companies tied to this story

  • BITX 2X Bitcoin Strategy Etf

    In “Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged,” 2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: strategy, bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GOLY Strategy Shares Gold Enhanced Yield Etf

    In “Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged,” Strategy Shares Gold Enhanced Yield Etf (GOLY) is linked, with no stored direction, medium confidence. Reason on file: GA selected GOLY as a RELATED security because its canonical security name directly matches this event's themes: strategy, shares. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ROMO Strategy Shares Newfound/Resolve Robust Momentum Etf

    Strategy Shares Newfound/Resolve Robust Momentum Etf (ROMO) is linked, with no stored direction, medium confidence in the 14 Sep 2026 story “Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged.” Reason on file: GA selected ROMO as a RELATED security because its canonical security name directly matches this event's themes: strategy, shares. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AVL Direxion Shares Etf Trust

    In “Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged,” Direxion Shares Etf Trust (AVL) is linked, with no stored direction, medium confidence. Reason on file: GA selected AVL as a RELATED security because its canonical security name directly matches this event's themes: shares. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITB Bitwise Bitcoin ETF

    In “Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged,” Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITU Proshares Ultra Bitcoin Etf

    In “Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

2X Bitcoin Strategy Etf (BITX)

The 14 Sep 2026 story “Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged” names 2X Bitcoin Strategy Etf (BITX) because of this story.

2X Bitcoin Strategy Etf (BITX) is on the page because GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: strategy, bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Also listed, Strategy Shares Gold Enhanced Yield Etf (GOLY): GA selected GOLY as a RELATED security because its canonical security name directly matches this event's themes: strategy, shares. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

The price range for 2X Bitcoin Strategy Etf (BITX), and the dates in the story

BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59. GOLY traded between 23.72 and 26.25 across 18 sessions. The latest close on file is 24.53. ROMO traded between 34.36 and 34.46 across 2 sessions. The latest close on file is 34.46.

What the saved facts support for 2X Bitcoin Strategy Etf (BITX)

46 out of 100

“Strategy repurchases $139 million of STRC shares, leaves bitcoin holdings unchanged” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.