On September 9, Strategy rose 3.07% in pre-market trading to $140.64/share, with turnover of $17.81 million, rebounding from a 3.74% decline in the prior regular session.

On the news front, Strategy Executive Chairman Michael Saylor disclosed that the company repurchased $176 million in STRC preferred stock last week and doubled its digital credit securities buyback program from $1 billion to $2 billion. As of September 7, Strategy holds 845,050 BTC and $6.5 billion in dollar-denominated assets. Meanwhile, multiple analyst actions have reinforced bullish sentiment: B. Riley raised its price target to $175 from $155 maintaining a Buy rating, while Alliance Global Partners initiated coverage with a Buy rating and a $217 target, implying approximately 75% upside. The consensus analyst mean target stands at $230.83.

The expanded buyback program signals management confidence in the company's capital structure, while the firm continues to maintain substantial bitcoin holdings and cash reserves, positioning it for further strategic deployment as crypto markets stabilize around the $80,000 level.

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