Strategy | Crypto

Strategy (formerly MicroStrategy) has begun buying back its STRC preferred stock as the Bitcoin treasury company shifts more capital toward supporting its financing structure. In a July 27 SEC update, Strategy said it purchased 288,930 STRC shares for $25 million between July 20 and July 26, marking the first disclosed use of a $1 billion […] The post Strategy hits a 5 week pause on Bitcoin, using $25M to quietly buy back its own discounted stock appeared first on CryptoSlate.

Strategy raised $544.5 million through MSTR stock sales as it repurchased $25 million of STRC shares and expanded its US dollar reserve to $3.75 billion. Strategy, the business intelligence firm that has built the largest corporate Bitcoin treasury, continued adjusting its capital structure last week through a combination of stock sales and preferred share repurchases. Strategy sold 5,429,160 shares of its Class A common stock (MSTR) through its at-the-market (ATM) offering program between July 20 and July 26, generating $544.5 million in net proceeds. The MSTR share price was up more than 2% in Monday’s premarket activity, according to Yahoo Finance. The STRC preferred shares were up 2.3% to $88.90 ahead of the Nasdaq open. Read more

Strategy has published a financial metric showing that Bitcoin could decline at a constant annual rate of 11.34% across the weighted duration of the company’s credit structure before its modeled coverage falls below 1.0x. The BTC Floor ARR stood at -11.34% at 3:35 p.m. BST on July 24, when Strategy’s dashboard showed a weighted credit […] The post Strategy now publishes the Bitcoin return threshold below which it may have to restructure appeared first on CryptoSlate.

BlackRock, Coinbase and Strategy are backing a $15 million effort to prepare Bitcoin against future quantum-computing attacks. The companies are among nine founding members of the Bitcoin Security Consortium, announced July 23 to support developers and researchers working on the network’s long-term security. The consortium also includes Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital […] The post $460 billion Bitcoin risk draws BlackRock, Coinbase and Strategy into $15M quantum defense mission appeared first on CryptoSlate.

Michael Saylor-led Strategy sold another $263.5 million of common stock last week, but the company used the fundraising to expand its cash reserve rather than add to its Bitcoin holdings. According to a July 20 SEC filing, the Tysons Corner, Virginia-based company issued 2.73 million Class A shares between July 13 and July 19, while […] The post Strategy’s Bitcoin metrics go negative amid $3.2B cash – sells 7.5M shares but buys 0 BTC for 4 weeks appeared first on CryptoSlate.

Strategy boosted its cash reserve to $3.225 billion after selling MSTR shares, while investors weighed the value of its STRC preferred stock. Strategy, the world’s largest corporate holder of Bitcoin, is raising fresh capital through sales of its Class A common stock while maintaining its current Bitcoin holdings. Strategy raised $263.5 million through sales of its MSTR common stock under its at-the-market (ATM) program between July 13 and July 19, according to a Form 8-K filed with the US Securities and Exchange Commission on Monday. The company made no Bitcoin purchases or sales during the reporting period, leaving its holdings unchanged at 843,775 BTC, acquired for a total purchase price of $63.69 billion. The average acquisition cost of its holdings is $75,476, according to Strategy’s website. Bitcoin was last trading at roughly $64,657. Read more

Strategy CEO Phong Le reveals the $8K–$10K BTC level as a debt stress threshold, while STRC losses and a 1.02 mNAV signal mounting capital structure pressure. The post Bitcoin News: Phong Le Sets $8K–$10K as Strategy’s Debt Risk Threshold for Bitcoin appeared first on Cryptonews.

MicroStrategy blew up during the dot-com era, before Michael Saylor transformed it into the world's largest corporate Bitcoin holder. Did he learn his lesson? In March 2000, Strategy executive chairman Michael Saylor watched more than $6 billion disappear from his fortune in a single day. MicroStrategy's shares had plummeted more than 60%, thrusting the thirty-five year old software entrepreneur into the center of the dot-com crash. The company later settled civil fraud charges with the US Securities and Exchange Commission over its accounting practices without admitting or denying wrongdoing. MicroStrategy did not cause the dot-com bubble to burst, but the saga was one of the era's high-profile corporate blowups and the company became a symbol of the periods excesses and risks. Read more

Bitcoin price is trading at $62,900, as we debate whether this pause is simply a reset or something more serious, with bearish prediction. The post Bitcoin Price Prediction: Strategy Has a New BTC Approach appeared first on Cryptonews.

Strategy now has more than 20 months of coverage for preferred-stock dividends and debt interest.

Strategy boosted its US dollar reserve to $3 billion after selling $466.7 million in MSTR shares, while keeping its 843,775 Bitcoin holdings unchanged. Strategy, the largest corporate holder of Bitcoin, raised fresh capital by selling MSTR shares through its at-the-market (ATM) offering last week while leaving its BTC treasury unchanged. Strategy sold 4.8 million shares of its Class A common stock for $466.7 million between July 6 and July 12, according to a Monday 8-K filing with the US Securities and Exchange Commission.  The company did not buy or sell any Bitcoin during the period and reported holdings of 843,775 BTC at an average purchase price of $75,476 per BTC.  Read more

Strategy sold over 3,500 units over the past week - will history repeat with another leg down, or is there more to the story?

Strategy has more BTC holdings than Binance, so the firm has a significantly larger unrealized loss margin than the exchange.

Strategy remains the center of STRC pressure, but Strive's disclosed holding turns preferred-stock discounts into a broader credit test for Bitcoin treasuries. The post One Bitcoin treasury’s paper loss just made Strategy’s stress everyone’s problem appeared first on CryptoSlate.

Bitcoin-focused macroeconomist Lyn Alden said BTC must stand on its own as Strategy sold 3,588 BTC, while warning about leverage risks tied to STRC. Bitcoin is facing its weakest sentiment cycle yet, according to Lyn Alden, a Bitcoin-focused macroeconomist who said the asset must stand on its own as Strategy disclosed a $216 million Bitcoin sale earlier this week. “I don’t think there’s anything coming to save Bitcoin,” Alden said in a Tuesday interview with journalist and Bitcoin educator Natalie Brunell, saying the asset's long-term success must come from its own fundamentals rather than external catalysts. “The asset just has to survive on its own merits,” Alden said, pointing to Bitcoin’s underlying properties as a liquid, permissionless way to store and send value, instead of relying on a new source of demand. Read more

Strategy’s largest Bitcoin sale in years has put new pressure on the corporate treasury model that made Michael Saylor one of the most closely watched figures in digital assets. On July 6, the company, formerly known as MicroStrategy, revealed that it sold 3,588 Bitcoin for about $216 million between June 29 and July 5. Per […] The post Strategy faces $8.3 billion Bitcoin Q2 loss as Saylor sells over $200M in BTC appeared first on CryptoSlate.

“Investors are now more confident about the instrument,” said Grayscale’s Zach Pandl regarding STRC, which reclaimed $90 for the first time in three weeks. Strategy's $216 million Bitcoin sale on Monday should be seen as a positive development for the price of Bitcoin and as a move that renews confidence in STRC, according to analysts. The sale of 3,588 BTC to fund preferred stock dividend payments and replenish cash has boosted Strategy’s dollar reserves to cover 17 months of dividend payments. “The rebound in STRC suggests investors are responding positively to this decision,” Grayscale Research said Monday. Andri Fauzan Adziima, research lead at Bitrue Research Institute, told Cointelegraph that Strategy’s recent sale was a “smart, stabilizing move that actually strengthens the setup for Bitcoin.” Read more

Bollinger Bands creator John Bollinger says the charts suggest Bitcoin could take off from here. Vitalik Buterin unveils a new Ethereum strawmap, but why is it taking so long? Michael Saylor's Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its cash reserves. Strategy sold the Bitcoin for $216 million, reducing its total holdings to 843,775 Bitcoin, according to a Monday 8-K filing with the US Securities and Exchange Commission. This included 1,363 Bitcoin sold at an average price of $59,256 between last Monday and Tuesday, and 2,225 Bitcoin sold at an average price of $60,773 between Wednesday and Sunday. Read more

First, it was a tiny amount of bitcoin sales; then, the purchase of several thousand BTC; and finally, today, the unloading of thousands of BTC. What's happening at Strategy?

Bitcoin wiped out much of its latest gains thanks to a market reaction to Strategy's 3,600 BTC sell-off, but analysis eyed a potential buy announcement in the coming days. Bitcoin (BTC) saw flash volatility into Monday’s Wall Street open as markets reacted to tech company Strategy’s new BTC sales. Key points: Read more