Read digital asset treasury news covering corporate Bitcoin strategies, token reserves, treasury management, and balance sheet adoption.
A $280 million gap separates the company from its target, but future purchases must increasingly compete with buybacks and yield.
The company now owns 847,666 BTC after rebuilding positions sold earlier in the quarter, while STRC edges back toward $100.
Armada’s August trust balance and a conditional note show possible funding, but redemptions and spending choices will decide any new token purchases.
Clients can pledge the savings token, though the companies disclosed no sUSDS-backed client loan volume.
BTC is trading more than $15,000 above the company’s disclosed $70,000 call strike, potentially capping gains on 2,000 coins.
The two firms added more than 2,300 BTC even as listed-company accumulation remains far below its 2025 peak.
The company can sell up to 30 million shares, while actual proceeds and the SOL allocation remain undetermined.
The Brazilian Bitcoin fund packages Strategy and Strive preferred shares while leaving distributions and unit returns unguaranteed.
From July 20 to Sept. 13, STRC repurchases absorbed about $2.57 for every $1 Strategy spent buying Bitcoin.
