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Strategy Buys $22M in Bitcoin, Repurchases $193M in STRC
The company used common-stock proceeds and cash for the purchases as it lifted its digital credit repurchase authorization to $3 billion, filings showed.
- On Tuesday, Strive settled its new SATS preferred stock offering, raising $630 million to expand Bitcoin holdings to 36,818 BTC after acquiring 1,223 BTC last week at an average cost of $81,734 per coin.
- Strive CEO Matt Cole announced the company plans to maintain an 18-month dividend reserve, using SATS proceeds to strengthen its capital structure and improve long-term returns for common shareholders.
- During the week, Strive purchased 4,045 BTC for approximately $335 million while continuing to prioritize STRC preferred share repurchases, balancing Bitcoin treasury growth with maintaining preferred stock stability.
- Investors purchased SATS at $90 per share, securing a fixed 15% annual dividend payable on business days starting November 9, providing capital for the company's cryptocurrency treasury strategy.
- Strive retains flexibility to use proceeds for further Bitcoin acquisitions or general corporate purposes, as the company monitors market conditions to optimize shareholder returns while maintaining its long-term commitment to Bitcoin accumulation.
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Strategy Spent 3 Times More on Stock Buybacks Than Bitcoin in 5 Weeks. So Who Is Buying BTC?
Strategy just raised its stock buyback cap to $3 billion while its Bitcoin purchases shrank to a fraction of that spending, leaving a surprisingly different group of buyers rushing in to fill the void.
·Lakewood, United States
Read Full ArticleMichael Saylor’s Strategy Buys Another $22,000,000 Worth of Bitcoin As Top Crypto Asset Tracks Sideways
The Bitcoin treasury firm Strategy (MSTR) has now stacked BTC for five weeks in a row, adding $22 million worth of the top crypto asset in the past seven days. Strategy says it accumulated 267 Bitcoin at an average purchase price of $82,900 per BTC, stretching its total holdings to 848,517 BTC. The firm added […]
CointelegraphReposted by 
The New York Ledger
The New York LedgerStrategy Buys $22M in Bitcoin, Repurchases $193M in STRC
Strategy’s Bitcoin holdings reached 848,517 BTC after its latest purchase, while the company reported a $4.83 billion reserve and $447.3 million in separate cash.
·New York, United States
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Total News Sources58
Leaning Left0Leaning Right1Center7Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
12%
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