From the beginning of 2025 through October 5, companies such as Strategy and Strive purchased 136,000 BTC worth a total of $12 billion through preferred stock financing.
• Strategy repurchased $193 million of STRC and purchased 267 BTC, raising its preferred stock repurchase authorization to $3 billion.
• Bitwise believes ETFs remain the main source of demand, while perpetual preferred stock can cater to investors with different yield preferences.
• CoinShares notes that favorable preferred stock financing terms can support BTC purchases, but this support may weaken when market sentiment turns negative.
#Bitcoin #BTC #Strategy
• Strategy repurchased $193 million of STRC and purchased 267 BTC, raising its preferred stock repurchase authorization to $3 billion.
• Bitwise believes ETFs remain the main source of demand, while perpetual preferred stock can cater to investors with different yield preferences.
• CoinShares notes that favorable preferred stock financing terms can support BTC purchases, but this support may weaken when market sentiment turns negative.
#Bitcoin #BTC #Strategy