On October 19, Strategy (formerly MicroStrategy) disclosed that it had purchased an additional 267 Bitcoin last week and spent $193 million buying back its STRC preferred shares.
- As of October 18, its holdings had reached 848,517 BTC, and it also held $5.3 billion in dollar assets.
- The digital credit securities repurchase program was expanded from $2 billion to $3 billion.
- While this purchase was relatively small, it highlights a dual strategy: “continuing to buy Bitcoin while repurchasing high-dividend preferred shares to reduce financing costs.”
From an institutional perspective, Strategy is using preferred-share buybacks to lower its financing costs while maintaining its long-term conviction in Bitcoin. In the short term, Bitcoin prices remain affected by ETF flows and macroeconomic liquidity, so the purchase is not a guarantee of an immediate price increase.
Do you think Strategy’s continued buying is a bottom signal, or merely business as usual?
#Strategy增持267枚比特币 #BTC #BNB
- As of October 18, its holdings had reached 848,517 BTC, and it also held $5.3 billion in dollar assets.
- The digital credit securities repurchase program was expanded from $2 billion to $3 billion.
- While this purchase was relatively small, it highlights a dual strategy: “continuing to buy Bitcoin while repurchasing high-dividend preferred shares to reduce financing costs.”
From an institutional perspective, Strategy is using preferred-share buybacks to lower its financing costs while maintaining its long-term conviction in Bitcoin. In the short term, Bitcoin prices remain affected by ETF flows and macroeconomic liquidity, so the purchase is not a guarantee of an immediate price increase.
Do you think Strategy’s continued buying is a bottom signal, or merely business as usual?
#Strategy增持267枚比特币 #BTC #BNB