On June 29, Strategy rose 5.5% in regular trading, trading at $86.83/share, with turnover of $459 million. The rally was driven by the company's announcement of a stock repurchase program to buy back up to $1 billion in Class A common shares.

Strategy simultaneously established a $1 billion buyback plan for its digital credit securities. The buyback announcement signals management confidence in the stock's valuation at current levels, particularly after shares had been under pressure from broader crypto market weakness and concerns over the company's Bitcoin holdings.

For context, Strategy holds approximately 847,363 BTC with an average cost of $75,651 per coin. The company had faced market scrutiny after breaking its long-standing never sell principle in early June by selling 32 BTC worth approximately $2.5 million to fund preferred stock dividends. Despite reporting a $12.5 billion net loss in Q1 due to Bitcoin price declines, the buyback plan represents a shift toward returning value to shareholders while maintaining its core Bitcoin treasury strategy.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)