# Bitcoin Treasury Firms Keep Buying as a New Metric Reframes the Case for Preferred-Stock Buybacks

Core Scientific and Hyperscale added coins in the second quarter, while Strategy's STRC buyback math shifts the debate to net Bitcoin per share.

- Published: 2026-07-29T05:31:19.615Z
- Canonical: https://polylog.news/crypto/2026-07-29/bitcoin-treasury-firms-keep-buying-as-a-new-metric-reframes
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [Bitcoin Magazine](https://bitcoinmagazine.com/bitcoin-for-corporations/on-strc-buybacks), [Bitcoin Magazine](https://bitcoinmagazine.com/news/core-scientific-adds-more-bitcoin), [Bitcoin Magazine](https://bitcoinmagazine.com/news/hyperscale-ups-bitcoin-stash)

Publicly traded companies that hold Bitcoin as a treasury asset kept accumulating in the second quarter even as the funding model behind the strategy drew scrutiny. Core Scientific added Bitcoin to its balance sheet despite its holdings shr…

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