Strategy | Crypto

Strategy, the largest Bitcoin treasury firm, is making a case for an escape from its B- junk credit rating after building billions of dollars in liquidity and reducing debt. On Sept. 10, Strategy’s head of investor relations, Chaitanya Jain, said the Michael Saylor-led company has strengthened its balance sheet in the three areas S&P Global Ratings […] The post Strategy erased nearly $8 billion of net debt in 11 months and put S&P’s junk rating on the clock appeared first on CryptoSlate.

Strategy doubled the size of its preferred-stock repurchase program to $2 billion Tuesday as Michael Saylor’s Sept. 8 recovery benchmark arrived with STRC still short of its $100 stated value. The board’s decision extends a campaign that was approaching the limits of its original $1 billion authorization after seven weeks of increasingly large purchases. Data […] The post Strategy doubles its stock buyback to $2 billion to pull its STRC shares back to $100 appeared first on CryptoSlate.

The store advertises cards, Apple Pay and Google Pay, while all nine listed shoe sizes are unavailable. The post Strategy’s $250 Bitcoin Jordans sold out as Saylor turns 4% of BTC supply into a consumer brand appeared first on CryptoSlate.

SATA’s 13% annualised dividend and resilience around par are helping Strive raise capital and outperform Strategy.

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

Their 6.01% combined weight shows how crypto-linked volatility can reach a generalist stock portfolio. The post Strategy and Robinhood now lead a $4.5 billion large-cap ETF that was not built for crypto appeared first on CryptoSlate.

The existing order no longer restrains the company, while its proposed first raise covers just 1.51% of an $827 million Bitcoin target before allocation. The post After selling every coin it owned, a public company is using Strategy’s STRC playbook to restart its $827M Bitcoin treasury plan appeared first on CryptoSlate.

Michael Saylor has roughly one week to orchestrate STRC’s return to its $100 par value by his informal Sept. 8 target, but the financial machinery required to close the final gap is running hot. Despite deploying $635.2 million on aggressive buybacks, Strategy’s preferred security continues to hover around $97. The company has simultaneously restarted its […] The post Strategy keeps STRC at 12% as Saylor has seven days to salvage the $10 billion Bitcoin yield product as costs spiral appeared first on CryptoSlate.

Strategy has challenged MSCI's proposed “non-operating company” screen by tying it to a regulatory argument MSCI made four years ago in a letter shared on Aug. 31. The Bitcoin treasury company says the new methodology requires MSCI to judge whether Bitcoin belongs inside an operating business. That puts MSCI's 2022 defense to the Securities and […] The post Strategy turns MSCI’s own SEC words against its $24 billion MSTR threat appeared first on CryptoSlate.

Five equity-backed notes issued through Luxembourg’s ORO II fund will trade against dollars, USDT and Bitcoin for eligible non-US investors. Bitfinex Securities, the tokenized investment platform associated with crypto exchange Bitfinex, has listed five tokenized notes giving eligible investors exposure to Strategy, Metaplanet and other publicly traded Bitcoin treasury companies.  The trading platform announced that the products track the economic performance of shares in Strategy, Metaplanet, Sweden’s H100 Group and France’s Capital B. Bitfinex Securities also listed Strategy’s variable-rate perpetual preferred stock, STRC. Bitfinex Securities described the launch as the first time such products have been made available for secondary trading on a regulated tokenized securities exchange.  Read more

STRC trades at $97.34 despite Strategy’s growing repurchases, while SATA’s higher dividend rate has helped it hold its $100 par value.

One week of common-stock sales funded a $369.7 million Bitcoin purchase, $202.5 million of STRC buybacks and dividends, and a $30 million cash increase. The post Strategy splits $603 million share sale between Bitcoin purchases and STRC support appeared first on CryptoSlate.

Strategy added to its BTC treasury for the first time in two months, while continuing to bolster its cash reserves and buy back its perpetual STRC preferred stock. Michael Saylor’s Strategy acquired 4,603 Bitcoin for $370 million, marking the first acquisition from the largest corporate Bitcoin holder in two months. Strategy acquired 4,603 Bitcoin (BTC) at an average purchase price of $80,318, pushing its holdings to 845,050 BTC, acquired for a total of $63.3 billion at an average price of $75,413, according to a Monday 8-k filing with the Securities and Exchange Commission. The Bitcoin purchase was funded by the net proceeds of a 602 million MSTR common stock sale. The company used $30 million of the net proceeds to increase its USD Cash reserve and $151.8 million to repurchase its preferred STRC stock. Read more

The filed ratio moves with cash and claims, while MSTR dilution and legal priority shape real losses. The post Michael Saylor’s $13,400 Bitcoin floor exposes the exact order of losses inside Strategy’s debt stack appeared first on CryptoSlate.

A Bitcoin rally to around $79,000 lifted the company's 840,447 BTC roughly $2.8 billion above its cost basis, as Saylor's "We're Back" post fueled speculation that Strategy may resume buying.

Michael Saylor’s “We’re Back” post hints Strategy may resume Bitcoin buying after a two-month pause to strengthen its balance sheet. Strategy’s Michael Saylor said “We’re Back” in his latest signal on X (formerly Twitter) of the company’s likely return to Bitcoin buying. For market watchers, the post could be a strong psychological signal as Saylor has a track record of dropping cryptic weekend teasers that precede official Monday morning treasury purchase announcements. Should that record, and community interpretation, hold true, his post points to the resumption of corporate Bitcoin accumulation following a notable summer hiatus. Read more

Strategy, Twenty One Capital and Metaplanet still face a funding bind as common-equity discounts collide with debt, pledged coins and dilution. The post Bitcoin hit $80,000 but failed to restore BTC treasury premiums at Strategy, Twenty One Capital, or Metaplanet appeared first on CryptoSlate.

Bitcoin's sharp two-week recovery, which briefly pushed its value above $80,000, has brought Michael Saylor's Strategy BTC treasury back into profit and lifted its common stock faster than the cryptocurrency. BTC's price rebound accelerated after the US Treasury moved to expand buybacks of longer-dated government debt, easing pressure on yields and weakening the dollar. Renewed […] The post Strategy’s MSTR quietly outperforms Bitcoin’s $80,000 rally as STRC closes in on $100 appeared first on CryptoSlate.

Strategy’s biggest risk may not be a Bitcoin crash, but losing access to the capital markets that help it service $1.76 billion in annual obligations. Strategy’s Bitcoin treasury may be less vulnerable to a crypto market crash than to a prolonged loss of capital-market access, a risk that could threaten its ability to fund roughly $1.76 billion in annual obligations without selling Bitcoin, according to a recent analysis from Regime Intelligence. According to the report, Strategy’s 840,447 BTC stash sits behind roughly $22 billion in debt and preferred claims, meaning the company’s Bitcoin accumulation model depends on its ability to continually raise fresh capital to meet obligations. Contrary to popular belief, Strategy’s (MSTR) biggest vulnerability isn’t a Bitcoin-driven price drop or liquidity event, but its continued dependence on access to capital markets. The report noted that Strategy’s debt does not function like a conventional Bitcoin-backed margin loan, with no BTC-linked margin call that would fo...

Strategy held off on new Bitcoin buying, maintaining holdings at 840,447 BTC as it launched a $1.59 billion cash pool after raising $2 billion from MSTR stock sales. Strategy, the world’s largest public company holding Bitcoin, raised about $2 billion through common stock sales last week while making no new Bitcoin purchases. The Bitcoin treasury company sold 18.26 million MSTR shares between Aug. 17 and Aug. 23 through its at-the-market (ATM) offering program, according to a Monday filing with the US Securities and Exchange Commission. Strategy repurchased about 1.43 million of its STRC preferred shares for $136.4 million, added $300 million to its US dollar reserve and directed the remaining proceeds to a newly launched US dollar cash account. The company reported $5.1 billion in its reserve and $1.59 billion in the new cash account as of Sunday, bringing its total cash across the two pools to $6.69 billion. Read more