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Strc

All articles tagged with #strc

Strategy vows to relentlessly accumulate BTC, promising 10–20 per sale
companies16 days ago

Strategy vows to relentlessly accumulate BTC, promising 10–20 per sale

Strategy, Inc. chairman Michael Saylor said the firm would replenish any bitcoin it sells with 10 to 20 more BTC, aiming to be a net accumulator even if occasional bitcoin sales fund STRC dividends; the company holds about 818,334 BTC worth roughly $66.2 billion and could pause sales if it’s more accretive to shareholders, with JPMorgan analysts predicting BTC purchases could reach about $30 billion this year if the pace continues. The block also notes strength in Strategy’s software/AI business, and the stock rose on the news.

Strategy Bets Big on Bitcoin With a $2.1B Buy
business4 months ago

Strategy Bets Big on Bitcoin With a $2.1B Buy

Strategy spent $2.1 billion to buy 22,300 BTC—the firm’s largest Bitcoin purchase in over nine months—funded mainly by issuing common stock (about 77%) and nearly $300 million from selling STRC preferred shares. Bitcoin traded around the $90k–$97k range amid volatility, while Strategy’s stock has fallen sharply and the company says it holds about $2.2 billion in cash. STRC, a preferred share marketed by Saylor as a digital-credit instrument, helped fund the buys and is tied to the par value near $100.