Topic
strategy
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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.