Quick Read – Strategy hasn’t bought Bitcoin in five weeks, marking its longest pause in nearly two years. – Strategy spent $25 million buying back its STRC preferred stock and says future buybacks may be funded by selling MSTR shares and, depending on the market, Bitcoin. – The…
mpany’s 843,775 coins cost $63.68 billion and are worth about $53.9 billion today, leaving it roughly $9.8 billion underwater. – Strategy named Bitcoin sales as a possible funding source for preferred stock buybacks, reversing the never-sell stance it held for years. – Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it
Strategy (NASDAQ:MSTR) spent $25 million last week buying back its own preferred stock and spent nothing on Bitcoin (CRYPTO:BTC). The company has now gone five weeks without a purchase, marking its longest pause in nearly two years. On top of that, Strategy said in the same announcement that future buybacks may be paid for by selling its MSTR stock and, depending on market conditions, by selling Bitcoin.
Is Bitcoin losing its biggest corporate buyer? What Strategy Did Instead of Buying Bitcoin Between July 20 and 26, Strategy bought back 288,930 shares of STRC, its preferred stock, paying about $25 million at an average of $86.52 against a stated value of $100. That was the first use of a $1 billion repurchase programme approved in June, and it leaves $975 million to spend.