Strategy returns to bitcoin buys, adding $75 million of BTC last week
It's the first week of bitcoin purchases for Strategy in about three weeks.
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It's the first week of bitcoin purchases for Strategy in about three weeks.
SATA’s 13% annualised dividend and resilience around par are helping Strive raise capital and outperform Strategy.
STRC trades at $97.34 despite Strategy’s growing repurchases, while SATA’s higher dividend rate has helped it hold its $100 par value.
Strategy’s common stock rose 10% in Friday pre-market trading to $120, the highest level in two months.
Strategy is prioritizing STRC, cash reserves, and its credit business over stock buybacks, Executive Chairman Michael Saylor said Monday.
Strategy is holding billions in cash after learning that traditional investors don’t necessarily view its massive bitcoin reserves as a substitute for dollars.
Bitcoin advanced as the market settled down following the weekend’s hack of Coldcard wallets and sales by Strategy even as sentiment remained in “extreme fear.”
Michael Saylor’s company, Strategy, is now closely monitoring bitcoin’s 200-week moving average, a key long-term support level that the cryptocurrency has historically respected.
Strategy now has more than 20 months of coverage for preferred-stock dividends and debt interest.
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?
Bitwise said STRC's volatility reflects a late-cycle leverage unwind, with institutions poised to replace Strategy as bitcoin's biggest buyer.
Strategy (MSTR) shares have lost around 41% of their value in June.
Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity.
Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
Meanwhile, Strive bought 32 bitcoin, the same number Strategy dumped last week.
Strategy adds bitcoin and cash after raising $181 million through stock sales.
Michael Saylor says Strategy aims to make STRC the world's best credit instrument after the company sold bitcoin to help fund preferred stock distributions
The move suggests a greater willingness on the part of Michael Saylor and Strategy to use BTC holdings to support the capital structure, said one analyst, while others disagreed.
Michael Saylor proposes using bitcoin sales to support dividends, as Strategy reported a $12.54 billion Q1 loss.
Michael Saylor says the company will resume purchases next week, but the pause lands as analysts focus on losses and the growing complexity of Strategy’s preferred-stock funding machine.