#zcash周涨45%创2016年来新高
⚖️ 监管动态进群跟进
The publicly listed company with the most aggressive Bitcoin hoarding—this week, unusually, it didn’t buy a single coin.
Saylor’s strategy: from August 31 to September 7, it added zero Bitcoin, then turned around and spent $176.3 million to repurchase 1.8 million shares of its own STRC preferred stock. The size of the repurchase plan was also directly doubled, with the upper limit raised to $2 billion. The latest SEC filing is clear: it has not sold any of its 845,050 Bitcoins, with a total cost of about $63.6 billion and an average cost basis of approximately $75,400.
Why not buy more Bitcoin, but instead buy its own stock? Break it down and it becomes obvious. STRC is the financing machine Strategy set up for itself: it raises money by issuing preferred shares, then uses that money to hoard Bitcoin. The annual dividend yield was only mentioned as being raised to 12% at the end of June. Now its stock price is just $97.7—below the $100 par value—making newly issued shares increasingly unattractive. The financing machine is effectively stuck. At this moment, the repurchase price support is indeed more urgent than adding Bitcoin. Even more interesting: it also left a fallback plan—if it really needs cash, it can sell Bitcoins to pay dividends.
Seen side by side, it gets even more surreal. Last week, it spent $370 million to resume buying Bitcoin—the first time since mid-June. This week, it suddenly slammed the brakes. Meanwhile, Strive, the No. 5 corporate Bitcoin hoarder, had its CEO publicly announce on Monday that it bought 1,375 Bitcoins for $109 million. Capital B of France also jumped in, spending $25 million.
The big brother hits the brakes, the little brother hits the gas. After the news broke, MSTR on Nasdaq fell by more than 3% that day. Do you think Saylor stopped this time for a tactical pause, or that at this price he genuinely can’t bring himself to do it? Let’s chat in the comments.
⚖️ 监管动态进群跟进
The publicly listed company with the most aggressive Bitcoin hoarding—this week, unusually, it didn’t buy a single coin.
Saylor’s strategy: from August 31 to September 7, it added zero Bitcoin, then turned around and spent $176.3 million to repurchase 1.8 million shares of its own STRC preferred stock. The size of the repurchase plan was also directly doubled, with the upper limit raised to $2 billion. The latest SEC filing is clear: it has not sold any of its 845,050 Bitcoins, with a total cost of about $63.6 billion and an average cost basis of approximately $75,400.
Why not buy more Bitcoin, but instead buy its own stock? Break it down and it becomes obvious. STRC is the financing machine Strategy set up for itself: it raises money by issuing preferred shares, then uses that money to hoard Bitcoin. The annual dividend yield was only mentioned as being raised to 12% at the end of June. Now its stock price is just $97.7—below the $100 par value—making newly issued shares increasingly unattractive. The financing machine is effectively stuck. At this moment, the repurchase price support is indeed more urgent than adding Bitcoin. Even more interesting: it also left a fallback plan—if it really needs cash, it can sell Bitcoins to pay dividends.
Seen side by side, it gets even more surreal. Last week, it spent $370 million to resume buying Bitcoin—the first time since mid-June. This week, it suddenly slammed the brakes. Meanwhile, Strive, the No. 5 corporate Bitcoin hoarder, had its CEO publicly announce on Monday that it bought 1,375 Bitcoins for $109 million. Capital B of France also jumped in, spending $25 million.
The big brother hits the brakes, the little brother hits the gas. After the news broke, MSTR on Nasdaq fell by more than 3% that day. Do you think Saylor stopped this time for a tactical pause, or that at this price he genuinely can’t bring himself to do it? Let’s chat in the comments.
