Strategy continues to accumulate Bitcoin for two consecutive weeks: from September 21–27, it spent $142.7 million, buying 1,665 BTC at an average price of $85,681. Total holdings reached 847,666 BTC, a new high. The cost was financed by issuing additional common shares. Shareholders are diluted, not the Bitcoin inventory. MSTR is increasingly looking like a leveraged BTC proxy stock. What’s worth watching next is whether the stock price premium can hold up—this determines how long the path of issuing new shares to exchange for Bitcoin can continue.
This week, it bought at an average price of $85,681, which is more than $7,000 higher than last week’s $79,670. This suggests Strategy is chasing the rising coin price in this round of buying, not accumulating on dips.
In the same round of share issuance, $142.7 million was used to buy Bitcoin, while another $151.7 million went to repurchase STRC preferred shares. The latter can ease the company’s future pressure from fixed dividends. The two moves are not exactly the same in nature—don’t focus only on the “buy Bitcoin” side.
At the beginning of August, Strategy sold 1,638 BTC to generate cash to cover dividends. More than a month later, it bought them back in two consecutive weeks. Clearly, the company’s cash flow situation is more realistic than the slogan of “only buying, never selling.” The above is only subjective analysis and does not constitute investment advice.#Strategy #Bitcoin
This week, it bought at an average price of $85,681, which is more than $7,000 higher than last week’s $79,670. This suggests Strategy is chasing the rising coin price in this round of buying, not accumulating on dips.
In the same round of share issuance, $142.7 million was used to buy Bitcoin, while another $151.7 million went to repurchase STRC preferred shares. The latter can ease the company’s future pressure from fixed dividends. The two moves are not exactly the same in nature—don’t focus only on the “buy Bitcoin” side.
At the beginning of August, Strategy sold 1,638 BTC to generate cash to cover dividends. More than a month later, it bought them back in two consecutive weeks. Clearly, the company’s cash flow situation is more realistic than the slogan of “only buying, never selling.” The above is only subjective analysis and does not constitute investment advice.#Strategy #Bitcoin