The coin-buying maniac stopped this week. Then, they turned around and repurchased $176 million worth of their own preferred shares.
The world’s largest publicly listed company Bitcoin treasury didn’t buy any Bitcoin this week—breakingly so. Instead, between August 31 and September 7, it repurchased 1.8 million shares of STRC preferred stock. The total amount was $176.3 million. The repurchase plan was immediately doubled to $2 billion.
After the news broke, MSTR’s common stock fell more than 3% intraday.
Don’t rush to say they’ve turned over a new leaf—there’s something interesting behind it.
STRC is currently priced at $97.7, which is 2.3% below its $100 par value. For preferred shares that trade below par value, it’s hard to use them again as a financing instrument. Buying them back and canceling them, however, helps preserve the “credit” of this money-printing machine.
And don’t forget: last week it had just spent $370 million to buy Bitcoin—the first time since mid-June.
This company’s game is always the same: buy the dips on Bitcoin, and support the stock price via share buybacks—so neither side is delayed. In plain terms, it’s not that they don’t love Bitcoin anymore; it’s that they’re carefully calculating how to keep loving it.
What’s interesting is that once it paused, the younger brother immediately stepped in. Another Bitcoin treasury company’s CEO posted on Monday that it bought 1,375 coins for $109 million, at an average price of $79,281. Total holdings now stand at 24,531 coins.
The big guy catches a breath—then the line behind it rushes forward.
On one side, the boss pauses buying; on the other, the second-in-command accelerates stockpiling. The disagreement at this point is far more interesting than what the price chart shows.
Do you think they’re going to stop while it’s good, or are they building up strength for the next wave? Chat in the comments.
Click the avatar to watch the live stream.
Every day, I’ll take you to follow Bitcoin hotspots—it's not just about what happens in the news, it’s about helping you understand the logic and opportunities behind it 👉🦖
#比特币 #Strategy
The world’s largest publicly listed company Bitcoin treasury didn’t buy any Bitcoin this week—breakingly so. Instead, between August 31 and September 7, it repurchased 1.8 million shares of STRC preferred stock. The total amount was $176.3 million. The repurchase plan was immediately doubled to $2 billion.
After the news broke, MSTR’s common stock fell more than 3% intraday.
Don’t rush to say they’ve turned over a new leaf—there’s something interesting behind it.
STRC is currently priced at $97.7, which is 2.3% below its $100 par value. For preferred shares that trade below par value, it’s hard to use them again as a financing instrument. Buying them back and canceling them, however, helps preserve the “credit” of this money-printing machine.
And don’t forget: last week it had just spent $370 million to buy Bitcoin—the first time since mid-June.
This company’s game is always the same: buy the dips on Bitcoin, and support the stock price via share buybacks—so neither side is delayed. In plain terms, it’s not that they don’t love Bitcoin anymore; it’s that they’re carefully calculating how to keep loving it.
What’s interesting is that once it paused, the younger brother immediately stepped in. Another Bitcoin treasury company’s CEO posted on Monday that it bought 1,375 coins for $109 million, at an average price of $79,281. Total holdings now stand at 24,531 coins.
The big guy catches a breath—then the line behind it rushes forward.
On one side, the boss pauses buying; on the other, the second-in-command accelerates stockpiling. The disagreement at this point is far more interesting than what the price chart shows.
Do you think they’re going to stop while it’s good, or are they building up strength for the next wave? Chat in the comments.
Click the avatar to watch the live stream.
Every day, I’ll take you to follow Bitcoin hotspots—it's not just about what happens in the news, it’s about helping you understand the logic and opportunities behind it 👉🦖
#比特币 #Strategy
