Strategy’s scale and cash reserves give it an edge over treasury rivals, according to Saifedean Ammous, author of “The Bitcoin Standard.” Bitcoin treasury companies built primarily around buying the cryptocurrency may struggle to compete with Michael Saylor’s Strategy, according to economist and “The Bitcoin Standard” author Saifedean Ammous. “I don’t see a compelling case for going to another Bitcoin treasury company other than Michael Saylor’s Strategy,” Ammous said on the latest episode of Cointelegraph’s Proof of Thesis. Strategy holds the world’s largest corporate Bitcoin treasury, with 847,666 BTC acquired for $63.95 billion, according to its Monday 8-K filing. The company also reported a $5.02 billion US dollar reserve to cover preferred stock dividends and debt interest. Read more
A Bitcoin Policy Institute paper says MSCI’s proposed “non-operating company” rule could remove Strategy and Metaplanet from its indexes and may have roots in an earlier crypto treasury review. A Bitcoin policy think tank has questioned how MSCI developed its latest proposal to tighten the rules governing its market indexes, after the benchmark provider identified companies including Strategy and Metaplanet for potential treatment as “non-operating businesses” and exclusion from its indexes. MSCI first proposed excluding digital asset treasury companies from its global indexes in 2025, but shelved the plan in January after pushback and said it would instead review “non-operating companies” more broadly. On Aug. 3, it returned with a wider proposal that could still remove Strategy and Metaplanet from its indexes. In a research paper titled Wall Street’s Invisible Committee, BPI pointed to metadata showing that the source presentation behind MSCI’s consultation was stored in an internal folder for digital asse...
Strategy sold 1.47 million MSTR shares for $246.2 million, using the proceeds for Bitcoin purchases and STRC preferred stock repurchases. Michael Saylor’s Strategy bought 1,665 Bitcoin for $142.7 million last week, lifting its holdings to 847,666 BTC as the company sold common shares to fund the purchase. The company bought the Bitcoin at an average price of $85,681 per coin between Monday and Sunday, Strategy said in a Sept. 28 8-K filing with the US Securities and Exchange Commission. Strategy has spent $63.95 billion on its holdings at an average price of $75,437 per Bitcoin, including fees and expenses. Strategy funded the purchase with proceeds from MSTR stock sales. It sold 1.47 million shares for $246.2 million in net proceeds, allocating $142.7 million to Bitcoin and $103.5 million to repurchases of its STRC preferred stock. Read more
Strategy’s proposal would move STRC and its three other preferred stocks to daily dividend payments, following a similar move by Bitcoin treasury firm Strive. Strategy is seeking shareholder approval to move its four preferred stocks, including STRC, to daily dividend payments without changing their dividend rates or the total amount paid. The company’s board approved the proposal on Thursday, according to a Friday filing with the US Securities and Exchange Commission. Shareholders are scheduled to vote on the amendments at a virtual special meeting on Oct. 28. If approved, each calendar day would become a dividend record date, with the corresponding payment made on the next business day. STRC would move to the new schedule first, with its initial daily dividend payment expected on Nov. 2. Read more
President Donald Trump disclosed a July purchase of Strategy shares as his administration continues to advance crypto policy through federal regulators and Congress. President Donald Trump disclosed purchasing $50,001 to $100,000 worth of Strategy shares in July, according to a US Office of Government Ethics filing released Tuesday. The filing shows Trump bought $50,001 to $100,000 worth of Strategy shares on July 27, following a smaller $1,001 to $15,000 purchase three days earlier. Strategy is the world’s largest publicly traded corporate Bitcoin holder, with 846,000 BTC, according to BitcoinTreasuries.net data. Trump also disclosed transactions involving several other crypto-linked companies, including a Coinbase stock purchase and sales of Bitcoin miners MARA Holdings and CleanSpark in July. The July 27 Strategy purchase was the largest of the crypto-linked transactions identified in the filing. Read more
Strategy bought 950 Bitcoin for $75.7 million after a two-week pause and spent another $174 million repurchasing its STRC preferred stock. Michael Saylor’s Strategy resumed buying Bitcoin after a two-week pause while continuing to repurchase its STRC preferred stock. Strategy acquired 950 Bitcoin (BTC) for $75.7 million at an average price of $79,670 per coin between Monday and Sunday, according to a Form 8-K filing with the US Securities and Exchange Commission on Monday. The purchase brought Strategy’s holdings to 846,000 BTC, acquired for about $63.8 billion at an average cost of $75,416 per Bitcoin, including fees and expenses. With Bitcoin trading at $84,925 at the time of publication, Strategy was sitting on an unrealized gain of about $8.05 billion on its holdings. Read more
Strategy repurchased $176 million worth of its STRC preferred stock and doubled the size of its digital securities repurchase program to $2 billion, while pausing on new Bitcoin buys. Michael Saylor’s Strategy, the largest corporate Bitcoin treasury, skipped its weekly Bitcoin acquisition to repurchase $176 million of its preferred STRC stock. Strategy repurchased 1.8 million STRC shares for an aggregate $176.3 million between Aug. 31 and Sept. 7, according to a Tuesday filing with the US Securities and Exchange Commission. The company also doubled the size of its Digital Credit Securities Repurchase Program to $2 billion. With no new purchases, Strategy’s holdings sit at 845,050 Bitcoin (BTC), acquired for a total of $63.6 billion, at an average purchase price of $75,412 apiece. Read more