⚡ Strategy spends $370 million to buy 4,603 $BTC and repurchase STRC shares.
Michael Saylor’s company has just announced a series of financial adjustments: it bought 4,603 BTC for $370 million, increased cash reserves by $29 million, and spent $152 million to buy back STRC shares. Total holdings now stand at 845,050 BTC, alongside $6.71 billion in assets, with net leverage at 0.0%.
Why is this noteworthy?
The shift to a cash-safe capital structure while still holding a massive Bitcoin treasury shows the company is more confident in its financial health, thereby pushing the probability of STRC reaching $100 by year-end to 84%.
Simply put:
Strategy has just "poured more fuel" into its Bitcoin treasury while tightening its books — a sign of a longer-term and more solid play.
#Bitcoin #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Please do your own research before making any decisions (DYOR).
Michael Saylor’s company has just announced a series of financial adjustments: it bought 4,603 BTC for $370 million, increased cash reserves by $29 million, and spent $152 million to buy back STRC shares. Total holdings now stand at 845,050 BTC, alongside $6.71 billion in assets, with net leverage at 0.0%.
Why is this noteworthy?
The shift to a cash-safe capital structure while still holding a massive Bitcoin treasury shows the company is more confident in its financial health, thereby pushing the probability of STRC reaching $100 by year-end to 84%.
Simply put:
Strategy has just "poured more fuel" into its Bitcoin treasury while tightening its books — a sign of a longer-term and more solid play.
#Bitcoin #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Please do your own research before making any decisions (DYOR).