Strategy Inc 10-Q

Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities Issuer Purchases of Equity Securities On June 29, 2026, as part of our Digital Credit Capital Framework, our board of directors authorized (i) a repurchase program for up to $1.0 billion aggregate purchase price of our outstanding Preferred Stock and (ii) a repurchase program for up to $1.0 billion aggregate purchase price of our class A common stock. Neither program obligates us to acquire any particular amount of securities, and each has no fixed expiration date and may be modified, suspended, or terminated at any time. For a description of these programs, see the "Liquidity and Capital Resources—Digital Credit Capital Framework" section in Part I, Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations of this Quarterly Report. During the three months ended June 30, 2026, we did not repurchase any equity securities registered by us pursuant to Section 12 of the Exchange Act, and no repurchases were made under either repurchase program. From July 1 through July 24, 2026, we repurchased 288,930 shares of STRC Stock under the Preferred Stock repurchase program, as described in Note 15, Subsequent Events, to the Consolidated Financial Statements contained in Part I, Item 1 of this Quarterly Report and in Part I, Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations of this Quarterly Report.