📊 POLL: SAYLOR BOUGHT BACK HIS OWN PAPER, NOT BITCOIN. SMART OR RED FLAG?
From Strategy's Oct 26 filing:
→ Oct 19-25: 2,068,459 STRC preferred shares repurchased for $204.9M, all paid from USD Cash
→ Zero BTC bought and zero shares sold through the ATM
→ USD Cash fell from $833.4M on Oct 4 to $242.4M on Oct 25
→ Still holds 848,517 $BTC at an average cost of $75,446
BTC trades near $79,600, only about 5% above that average.
My view: defending STRC protects the machine that funds future BTC buys, so I lean smart.
But cash down about 71% in three weeks, with that thin a cushion, is not nothing.
What is it?
🟢 Smart capital management
🔴 Red flag for MSTR
🟡 Neutral, BTC buys resume after the Fed
⚪ Don't care, I just stack sats
#strategy #Bitcoin #MSTR
From Strategy's Oct 26 filing:
→ Oct 19-25: 2,068,459 STRC preferred shares repurchased for $204.9M, all paid from USD Cash
→ Zero BTC bought and zero shares sold through the ATM
→ USD Cash fell from $833.4M on Oct 4 to $242.4M on Oct 25
→ Still holds 848,517 $BTC at an average cost of $75,446
BTC trades near $79,600, only about 5% above that average.
My view: defending STRC protects the machine that funds future BTC buys, so I lean smart.
But cash down about 71% in three weeks, with that thin a cushion, is not nothing.
What is it?
🟢 Smart capital management
🔴 Red flag for MSTR
🟡 Neutral, BTC buys resume after the Fed
⚪ Don't care, I just stack sats
#strategy #Bitcoin #MSTR
