Strategy Doubles STRC Buyback Authorization to $2B

This move signals a clear shift in capital allocation priorities, as defending the preferred stock price takes precedence over the company's historical bitcoin accumulation strategy. The doubling of the buyback authorization suggests management sees sustained pressure on STRC or wants to signal confidence in the instrument's value. For holders of both STRC and bitcoin-linked exposure, the key question is whether this marks a temporary defensive posture or a longer-term pivot away from BTC purchases. The market will be watching whether future buybacks continue at this pace and if bitcoin acquisition resumes once the preferred stock stabilizes.