Strategy just made a trade.
The company increased its USD reserves by 150 million while also repurchasing 132 million worth of STRC.
The effect is very direct: the USD duration was extended to 2.8 years, adding 41 days. Bond credit spreads tightened by 4 basis points to 114 basis points.
In short, it’s about optimizing the balance sheet to make capital more stable and financing cheaper.
As of August 16, the company holds 840,447 BTC and has USD reserves of 4.8 billion.
MicroStrategy is still accumulating.
The company increased its USD reserves by 150 million while also repurchasing 132 million worth of STRC.
The effect is very direct: the USD duration was extended to 2.8 years, adding 41 days. Bond credit spreads tightened by 4 basis points to 114 basis points.
In short, it’s about optimizing the balance sheet to make capital more stable and financing cheaper.
As of August 16, the company holds 840,447 BTC and has USD reserves of 4.8 billion.
MicroStrategy is still accumulating.