MicroStrategy: Repurchases $176M STRC, Expands Program

Strategy repurchased $176M of $STRC and lifted its Digital Credit Securities Repurchase Program from $1.0B to $2.0B, according to the September 8 statement from Michael Saylor. As of September 7 the firm controlled 845050 BTC alongside $6.5B in USD assets.

Bitcoin trades at $78260.04 on the four-hour chart inside a bearish structure defined by the EMA50 at $78975.02 and the EMA200 at $73831.67. The MACD prints a death cross at -225.32 while price tests the lower Bollinger Band support near $78269.85, with the upper band resistance sitting at $80581.46 and RSI(14) at 38.03. Institutional desks note that sustained pressure below the 50-EMA could accelerate downside toward the 200-EMA before any macro-driven recovery in BTC price prediction models.