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Saylor hints at new BTC buy as Strategy remains underwater
markets1 month ago

Saylor hints at new BTC buy as Strategy remains underwater

Strategy's executive chairman Michael Saylor posted a BTC acquisition tracker on X with the caption 'A good time to add more dots,' a signal that a fresh bitcoin purchase may be disclosed this week. Strategy holds about 843,706 BTC at an average cost of $75,699 as of May 31, leaving the treasury roughly $11.7 billion underwater at current prices as BTC trades around the $61k level. The signal follows Strategy's June 1 disclosure that it sold 32 BTC (May 26–31) for about $2.5 million to fund the STRC dividend, and it comes one day before the June 8 annual meeting vote on moving STRC dividend payments from monthly to twice monthly. If a new buy is disclosed, it would fit Saylor’s pattern of signaling purchases ahead of 8-K filings, amid a broader market backdrop of weak prices and ETF outflows.

via The Block|
#bitcoin#markets#michael-saylor
Strategy's BTC Sale Tests the Inoculation Plan as Market Reacts
business1 month ago

Strategy's BTC Sale Tests the Inoculation Plan as Market Reacts

Strategy sold 32 BTC for about $2.5 million and used $2 billion from STRC to buy 24,869 BTC, draining cash ahead of a monthly dividend. The move breaks the long-running “never sell” narrative, sparks concerns of a structural crack in Strategy’s Bitcoin yield flywheel, and coincides with STRC depegging and about $1.76 billion in liquidations as BTC trades near the mid-$60k range. Analysts split: some see it as balance-sheet leverage friction rather than a death spiral, while others see potential for further equity raises or dividend tweaks and possible more BTC sales. The path forward remains uncertain amid volatile price action and shifting institutional dynamics.

via Decrypt|
#bitcoin#business#depegging
Saylor Sells BTC for First Time Since 2022, Funds STRC Payouts
business1 month ago

Saylor Sells BTC for First Time Since 2022, Funds STRC Payouts

Strategy Executive Chairman Michael Saylor disclosed selling 32 BTC between May 26–31 at an average of about $77,135 (roughly $2.5 million), marking the first Bitcoin sale by the company since December 2022. Proceeds will fund distributions on STRC preferred stock, even as STRC carries roughly $13.5 billion in preferred obligations with about $871 million in cash, raising questions about future selling and dividend coverage. The news coincides with a Bitcoin dip to around the $69k area and has spurred a Polymarket dispute over whether the May sale qualifies, highlighting investor uncertainty about Strategy’s ongoing crypto exposure.

via Decrypt|
#bitcoin#business#michael-saylor
Strategy vows to relentlessly accumulate BTC, promising 10–20 per sale
companies2 months 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.

via The Block|
#bitcoin#bitcoin-accumulation#companies
Strategy Bets Big on Bitcoin With a $2.1B Buy
business5 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.

via Decrypt|
#bitcoin#bitcoin-purchase#business