Strategy spends $635M buying back STRC as perpetual preferred stock lags $100 par

Strategy’s MSTR$128.78·收盘时 perpetual preferred stock, Stretch STRC$97.11·收盘时, continues to struggle to reach its $100 par value despite the company’s ongoing repurchase efforts. The bitcoin treasury company has now spent $635.2 million buying back STRC, which currently trades at $97.34. The company introduced a $1 billion repurchase authorization that has helped lift STRC from a low […]

Strategy splits $603 million share sale between Bitcoin purchases and STRC support

Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, then split the proceeds among a renewed Bitcoin purchase, support for its STRC preferred stock, and additional cash. The company’s Aug. 31 filing attributed $369.7 million to buying Bitcoin, $151.8 million to repurchasing 1,557,177 STRC shares, $50.7 million to STRC dividends, and […]

Why Bitcoin’s $2B corporate treasuries are a ticking time bomb of hidden conditional supply

During the three months ending June 30, CleanSpark put 9,400 Bitcoin-equivalent call contracts through Spot+, its strategy for selling options around ongoing sales from its corporate Bitcoin treasury. Because the figure is expressed in Bitcoin equivalents, it can resemble a balance-sheet position even though it measures a quarter’s trading flow. In its Aug. 6 quarterly […]