Strategy Spends $208M on STRC Buybacks, Buys $65.5M Bitcoin
- On November 2, Bitmine Immersion Technologies, Inc. announced total holdings of $14.5 billion, including 6,060,506 ETH tokens, while Strategy Inc. added 811 BTC for $65.5 million, resuming purchases after a one-week pause.
- Since launching its ETH Treasury Strategy on June 30, 2025, Bitmine has purchased Ethereum weekly to reach its "Alchemy of 5%" goal, now holding approximately 4.9% of the cryptocurrency's 122.2 million circulating supply.
- Bitmine currently stakes over 5.2 million ETH through MAVAN, generating approximately $358 million in projected annualized staking revenue, with management estimating potential rewards could reach $415 million if remaining holdings are fully staked.
- Chairman Thomas "Tom" Lee described the market reaction to the $6.3 billion Binance theft as constructive, noting Ethereum declined 4% after disclosure compared to a 20% drop following the 2025 ByBit hack.
- Bitmine remains the world's largest Ethereum treasury, while Strategy Inc. holds 849,327 Bitcoin as the largest global treasury; Japan's Metaplanet also expanded holdings through recent share buybacks totaling $160 million.
41 Articles
41 Articles
Strategy Stock Fell 15% in October: Is MSTR Crashing or Just Finding a Bottom?
Crypto-linked stocks sold off together in October. The largest corporate holder of Bitcoin (CRYPTO:BTC) held up better than its two closest peers. Strategy (NASDAQ:MSTR) stock is at $133.07 in afternoon trading, up 2%. That small bounce follows a 15% decline for the stock in October. An enterprise analytics software business still operates inside Strategy, but […]
Strategy (NASDAQ: MSTR) Spends Three Times More On Preferred Stock Buybacks Than Bitcoin As Balance Sheet Mechanics Grow More Complex
Behind Strategy’s (NASDAQ: MSTR) latest weekly Bitcoin acquisition lies a web of capital allocation decisions that increasingly favors preferred shareholders over the company’s core digital asset mission. The firm deployed $208.2 million to repurchase 292,035 shares of its preferred stock, ticker STRC, dwarfing the $65.5 million it spent acquiring Bitcoin in the same period. That […]
Strategy spends triple its weekly Bitcoin outlay on STRC buybacks
Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin, while allocating $98.5 million to its USD Cash balance. Michael Saylor’s Strategy spent more than three times as much buying back its STRC preferred shares as it did acquiring Bitcoin last week. Strategy repurchased $208.2 million in STRC and spent about […]
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