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mstr
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Strategy bought $82M of bitcoin last week — and spent $188M buying back its own preferred stock to do it
Strategy bought 1,036 bitcoin for $81.9 million between Nov. 2 and 8, but spent more than twice that — $188.3 million — buying back its own preferred stock, funding both by selling $283.8 million of common shares days before an MSCI index decision that could remove it.
Strategy raised $5.4B last quarter and spent $588M of it on bitcoin
Strategy raised $5.4 billion from stock sales in the third quarter but spent just $588 million of it on bitcoin, per its own 10-Q — under 11 cents of every dollar raised.
Strategy books $19.5B quarter on bitcoin markup, wins approval for daily preferred dividends
Strategy posted $19.53 billion in Q3 net income on bitcoin gains, named a new CFO, and won shareholder approval to pay its preferred-stock dividends daily.
Strategy Stops Buying Bitcoin, Buys Back Its Own Preferred Stock Instead
Strategy halted a five-week bitcoin buying streak and instead spent $204.9 million buying back STRC preferred shares, as an MSCI rule change threatens its index membership and its stock fell 6.9% for the week.
TD Cowen lifts its bitcoin forecast but holds Strategy at $260, citing dilution
TD Cowen kept its $260 price target on Strategy while raising its bitcoin forecasts, arguing share dilution and preferred-stock obligations blunt the benefit to common MSTR holders.
Robinhood says it bought ~$25M in bitcoin for its balance sheet — but hasn't confirmed it in a filing
Robinhood's crypto chief Johann Kerbrat said at a Singapore conference the brokerage added about $25 million in bitcoin to its balance sheet, a purchase the company itself has not confirmed.
Strategy Spends Six Times More Buying Back Its Own Stock Than Buying Bitcoin
Strategy bought 334 bitcoin for $28.7 million in early October while spending $176.3 million buying back its below-par Stretch preferred stock, and reported a $20.91 billion unrealized Q3 fair-value gain.
Strategy resumes bitcoin buying with a $76 million purchase, ending a three-week pause
Strategy bought 950 bitcoin for $75.7 million last week — its first purchase since late August — lifting its holdings to 846,000 BTC, per a Monday regulatory filing.
Strategy buys back $139M of preferred stock — and, for a second week, no bitcoin
Strategy bought back $139.3 million of its STRC preferred shares last week and left its bitcoin stack flat at 845,050 BTC for a second straight week, funding the repurchase from cash reserves.
Strategy raised $2 billion selling its own stock last week — and bought no bitcoin with it
Strategy sold 18.26 million common shares for roughly $2 billion in the week to Aug. 23, put none of it into bitcoin, and parked $1.59 billion in a new "USD Cash" pool.
Strategy sold $334 million of its own stock last week and bought no bitcoin with any of it
Strategy raised $333.7 million selling MSTR common stock in the week to Aug. 16, spent all of it on preferred dividends, STRC buybacks and its dollar reserve, and bought no bitcoin.
Strategy sold another 1,690 BTC below cost, and used stock sales to top up a $4.65 billion cash pile
Strategy sold 1,690 bitcoin below its own average cost basis last week and issued $653 million of common stock, routing the proceeds into preferred-share buybacks and a $4.65 billion dollar reserve.
Strategy sold 1,638 bitcoin and bought back its own preferred stock below par
Strategy sold 1,638 bitcoin for $104.73 million last week and issued $290.6 million of common stock, using the cash to buy back preferred shares and lift its dollar reserve to $4 billion.
Strategy sits out bitcoin for a fifth week, raising cash and selling stock instead of stacking coins
Strategy went a fifth straight week without buying bitcoin, instead selling $544.5 million of stock to lift its cash reserve to $3.75 billion and repurchasing $25 million of its own preferred shares.
Strategy sells 3,588 bitcoin at a loss to pay its dividends, formalizing the one thing Saylor swore it wouldn't do
Strategy sold 3,588 bitcoin for about $216 million last week to fund preferred-stock dividends, an SEC filing shows, formalizing a sell mechanism at a company long defined by never selling.
Strategy Authorizes Up to $1.25B in Bitcoin Sales, Reversing Saylor's "Never Sell" Pledge
Michael Saylor's Strategy has authorized selling up to $1.25 billion in bitcoin to fund share buybacks after its stock and preferred shares slid to 52-week lows, though no coins have been sold.