Saylor’s Strategy sold bitcoin for the first time since 2022. These firms are still buying
With Strategy breaking its accumulation streak and many peers stepping aside, the list of active digital asset treasuries has narrowed considerably.
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MicroStrategy
With Strategy breaking its accumulation streak and many peers stepping aside, the list of active digital asset treasuries has narrowed considerably.
Michael Saylor’s Strategy has evolved into a far more complex bitcoin-finance machine since it last sold BTC three and half years ago.
Michael Saylor says Strategy aims to make STRC the world’s best credit instrument after the company sold bitcoin to help fund preferred stock distributions
The move suggests a greater willingness on the part of Michael Saylor and Strategy to use BTC holdings to support the capital structure, said one analyst, while others disagreed.
Led by Michael Saylor, the company aims to retire half of its outstanding 0% 2029 converts as it restructures liabilities tied to its bitcoin treasury strategy.
Michael Saylor sat down with CoinDesk on selling bitcoin for dividends, retiring debt with STRC proceeds, and why critics who say Strategy buys the weekly top are missing the point.
Speaking at a Mizuho event, the Strategy (MSTR) executive chairman said the formation of banking credit pairing with digital credit will be the catalyst for the next bull market.
The perpetual preferred yield holds at 11.5% for April as the 30-day volume weighted average price stabilizes near $100.
The company seemed to have skipped it’s weekly bitcoin purchase announcement for the first time since late december.
Expanded share issuance plans and new Wall Street partners boost capital raising firepower.