Strategy CEO Phong Le says unexpected leverage sank STRC to $75 and explains why buybacks beat a dividend hike.
BeInCrypto•Lockridge Okoth18h ago
TL;DR Strategy bought 950 BTC during the week ending September 20 for $75.7 million. The purchases were made at an average price of $79,670 per Bitcoin. Strategy now reports 846,000 BTC acquired for an aggregate $63.80 billion. Strategy has added another 950 Bitcoin to its balance sheet, extending the corporate treasury strategy that continues to define the company. An SEC filing dated September 21 shows the purchases were made between September 14 and September 20 for an aggregate $75.7 million in cash. The average purchase price was $79,670 per BTC. Strategy’s Bitcoin Stack Reaches 846,000 BTC Following the latest acquisition, Strategy reported total holdings of 846,000 BTC. The company says those coins were acquired for an aggregate $63.80 billion, putting its average acquisition price at $75,416 per Bitcoin. The timing is worth keeping precise. The filing landed on September 21, but it covers purchases made over the prior week rather than a single transaction executed on filing day. That distinction has become increasingly important with Strategy’s regular treasury updates, which often bundle several purchases into one disclosure. The same filing also shows the company repurchased 1,771,238 shares of its STRC preferred stock for $174 million. Corporate Treasury Strategy Keeps Expanding Strategy’s latest move reinforces how aggressively it continues to use the public markets and its capital structure to support a Bitcoin-heavy balance sheet. At 846,000 BTC, the company’s exposure is no longer a side allocation. Bitcoin is central to how investors value the business, how its financing activity is interpreted and how changes in BTC price feed through to the company’s balance-sheet narrative. The latest purchase was made above Strategy’s aggregate average cost, which also means every incremental acquisition at current levels nudges that blended cost basis higher. For now, the key confirmed figures are the 950 BTC weekly purchase and the resulting 846,000 BTC total. The filing does not indicate that all 950 BTC were bought on September 21 itself. This article was written by the News Desk and edited by Samuel Rae. Source: Primary Source
NewsBTC•NewsBTC Editorial Team21 Sept
Strategy has resumed Bitcoin purchases after a two week pause, spending $75.7 million on 950 BTC while deploying another $174 million to repurchase its STRC preferred stock. According to a Form 8-K filing with the U.S. Securities and Exchange Commission…
Strategy Inc. buys $75.7 million in Bitcoin, signaling confidence. STRC hitting $100 by December 31 at 83% YES.
CryptoBriefing•Estefano Gomez21 Sept
Strategy bought 950 Bitcoin for $75.7 million after a two-week pause and spent another $174 million repurchasing its STRC preferred stock.
Cointelegraph•Cointelegraph by Helen Partz21 Sept
Strategy's aggressive buyback strategy enhances shareholder value and signals financial strength, potentially boosting investor confidence.
CryptoBriefing•Editorial Team21 Sept
The repurchase strategy signals strong confidence in STRC's valuation, potentially boosting investor sentiment and future stock performance.
CryptoBriefing•Estefano Gomez21 Sept
Strategy is buying bitcoin again, but the bigger number is already sitting on its balance sheet. Michael Saylor’s company picked up 950 BTC for $75.7 million last week, lifting its stash to exactly 846,000 BTC, roughly 4% of all bitcoin that can ever exist. At the same time, Strategy spent another $174 million repurchasing STRC […]
Bitcoin.com News•Jamie Redman21 Sept
Michael Saylor says the U.S. Securities and Exchange Commission’s (SEC) new innovation exemption clears tokenized MSTR and STRC to trade onchain around the clock. It is the first live test of the digital credit pitch he has spent a year selling. A Reaction, Not a Rule Saylor did not wait long to make the proclamation […]
Bitcoin.com News•Shiraz Jagati18 Sept
The SEC's exemption could accelerate the adoption of tokenized securities, influencing market dynamics and regulatory approaches globally.
CryptoBriefing•Estefano Gomez17 Sept
Strategy repurchased 9.96 million STRC shares for $950.8 million as its preferred stock recovered toward its $100 stated amount.
Saylor's buybacks highlight the potential for strategic interventions to stabilize stock prices, though market confidence varies over timeframes.
CryptoBriefing•Estefano Gomez17 Sept
Strategy's buyback stabilizes stock value, but reliance on cash reserves and potential shareholder dilution could impact long-term financial health.
CryptoBriefing•Editorial Team16 Sept
It’s been four months since Strategy’s STRC broke parity and its execs made getting it back to its $100 peg its number one priority.
Protos•Mark Toon16 Sept
Bitcoin trades near $77,197 as Strategy skips BTC buys for a $139M STRC buyback ahead of the Senate's CLARITY Act cloture vote.
Coinspeaker•Daniel Francis15 Sept
From July 20 to Sept. 13, STRC repurchases absorbed about $2.57 for every $1 Strategy spent buying Bitcoin.
CryptoSlate•Liam 'Akiba' Wright15 Sept
Strategy’s liquidity has seen a 13× surge since 2023.
AMBCrypto•Ishika Kumari15 Sept
Strategy's focus on STRC buyback over Bitcoin suggests a strategic shift, potentially boosting market confidence in STRC's future performance.
CryptoBriefing•Estefano Gomez14 Sept
The Bitcoin treasury firm slowed its preferred-stock buyback from last week's $176 million pace and left its 845,050 BTC untouched, per a Monday SEC filing.
The world’s largest bitcoin treasury company, Strategy, announced it has repurchased $139 million worth of its preferred stock STRC. The company did not sell or acquire any bitcoin over the past week and defended the preferred instead. Strategy Spends $139 Million Defending STRC “Strategy has repurchased $139M of STRC,” Strategy founder Michael Saylor wrote on […]
Bitcoin.com News•Jamie Redman14 Sept
