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Key TakeawaysStrategy shares fell 11% in a week, and an almost 8% drop on Friday did most of the damage, after a record $6. 3 billion Binance hack knocked bitcoin below $80,000 and hit crypto stocks, Coinbase included.
Michael Saylor said Strategy repurchased $205 million of its STRC preferred stock while purchasing no additional Bitcoin during the reporting week. As of Oct. 25…
The repurchases cut Michael Saylor's company's USD Cash by nearly half and leave $956.8 million of room under its newly raised $3 billion preferred buyback cap.
Michael Saylor’s Strategy pauses Bitcoin purchases after two consecutive weeks of buying. The company repurchased $205 million in STRC preferred shares in the latest trade. MSTR stock plunges due to the Bitcoin buying pause and broader selloff pressure.
The Bitcoin treasury firm's USD Cash balance fell to $242.4 million after its biggest weekly STRC buyback in more than a month.
Michael Saylor's Strategy (MSTR) is doubling down on its bitcoin (BTC-USD) strategy, acquiring another 267 BTC and repurchasing $193 million worth of its (STRC) preferred stock.
The Bitcoin treasury firm raised its preferred stock buyback cap to $3 billion and now holds 848,517 BTC, bought at an average of $75,446.
Michael Saylor's company spent almost nine times as much buying back STRC shares last week as it did on its 267 new bitcoin.
Strategy plans to pay STRC dividends every calendar day, including weekends, in line with the shift toward 24-hour tokenized trading.
Strategy (NASDAQ: $MSTR) bought 250 Bitcoin (CRYPTO: $BTC) for $21.5 million last week, extending its holdings to a...
Michael Saylor’s Strategy continues its Bitcoin accumulation and STRC preferred stock repurchase last week. As a result, MSTR stock price jumped on Monday, extending last week’s upside momentum.