Strategy's weekly balancing act: selling MSTR, buying a little Bitcoin and buying back more STRC "They continue to buy either no Bitcoin each week or very small amounts. 811…
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Strategy's weekly balancing act: selling MSTR, buying a little Bitcoin and buying back more STRC "They continue to buy either no Bitcoin each week or very small amounts. 811 Bitcoin for 65.5 million …
Strategy's weekly balancing act: selling MSTR, buying a little Bitcoin and buying back more STRC "They continue to buy either no Bitcoin each week or very small amounts. 811 Bitcoin for 65.5 million at a cost basis of 80,846 is basically a rounding error. What continues to be interesting is how they do it and what they do with STRC." "They sold over a million MSTR common shares. Those sales generated 164 million in net proceeds. Strategy allocated 65 million of those to Bitcoin purchases. The remaining 98.5 million was allocated to their USD cash pile. But of course then they bought 2,092,035 STRC preferred shares for 208.2 million." "This is a very, very complex machine right now. They have a very complex balance sheet, and every single week they have to do some gymnastics to support all of the assets, usually at the very small expense of MSTR shareholders." "Last week STRC was back to 99.99, almost back at par. So the buybacks of STRC clearly have been working."
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