#StrategySpends$635MOnSTRCPreferredBuybacks
🔥 Strategy has just launched $635 million to repurchase STRC! Ready to get rid of those high profits? 👀
Exactly! STRC pays out hefty distributions of 12%, and Strategy no longer wants to sell Bitcoin at a price below cost just to feed it! On top of that, Strive’s SATA is squeezing them with a 13% daily yield, keeping STRC trading below its level ($97.34). Strategy is literally spending millions to buy back only its own paper just to stop the bleeding! 💸
Good news? Bitcoin bounced and surpassed their break-even point at $75.3K, and finally they bought back 4,603 BTC! 🚀
What should traders do?
1️⃣ Don’t panic; Strategy’s treasury is still a Bitcoin “whale” (845K BTC!).
2️⃣ Keep a close eye on the MSTR vs ASST battle.
3️⃣ Lock in your entry point!
DYOR. Not financial advice!
Please follow up
#Bitcoin #MSTR #MicroStrategy
$BTC
🔥 Strategy has just launched $635 million to repurchase STRC! Ready to get rid of those high profits? 👀
Exactly! STRC pays out hefty distributions of 12%, and Strategy no longer wants to sell Bitcoin at a price below cost just to feed it! On top of that, Strive’s SATA is squeezing them with a 13% daily yield, keeping STRC trading below its level ($97.34). Strategy is literally spending millions to buy back only its own paper just to stop the bleeding! 💸
Good news? Bitcoin bounced and surpassed their break-even point at $75.3K, and finally they bought back 4,603 BTC! 🚀
What should traders do?
1️⃣ Don’t panic; Strategy’s treasury is still a Bitcoin “whale” (845K BTC!).
2️⃣ Keep a close eye on the MSTR vs ASST battle.
3️⃣ Lock in your entry point!
DYOR. Not financial advice!
Please follow up
#Bitcoin #MSTR #MicroStrategy
$BTC
