Strategy bought 811 BTC, but spent $208 million on preferred share buybacks: What is Saylor up to?
Strategy’s latest 8-K (11/2):
• Bought 811 $BTC from 10/26–11/1 for about $65.5 million, at an average price of $80,846
• Total holdings: 849,327 BTC, with a total cost of about $64.08 billion and an average price of $75,451
• During the same period, repurchased about 2.09 million STRC preferred shares for $208.2 million—more than 3 times the amount spent on BTC
• Funds came from $164 million in net proceeds from sales of MSTR common stock, of which $98.5 million was transferred to U.S. dollar cash
Binance market data (11/3 09:00 UTC+8): BTC at about $77,141, down 1.26% over 24 hours. It’s still about 2.2% above Strategy’s average cost, but below this week’s average purchase price.
A few observations:
1. No BTC purchases last week; small purchases resumed this week, accounting for only about 0.1% of total holdings.
2. U.S. dollar cash fell from $242 million to $133 million (according to media reports, citing the 8-K).
3. Prices are volatile; the data reflects only the time of disclosure.
What do you think about companies accumulating BTC while also buying back preferred shares? Share your thoughts in the comments.
#Strategy #比特币 #Binance #币安广场 #WriteToEarn
This post is participating in Binance Square’s Write to Earn program. The author may receive a commission.
For informational purposes only; this is not investment advice. DYOR.
Strategy’s latest 8-K (11/2):
• Bought 811 $BTC from 10/26–11/1 for about $65.5 million, at an average price of $80,846
• Total holdings: 849,327 BTC, with a total cost of about $64.08 billion and an average price of $75,451
• During the same period, repurchased about 2.09 million STRC preferred shares for $208.2 million—more than 3 times the amount spent on BTC
• Funds came from $164 million in net proceeds from sales of MSTR common stock, of which $98.5 million was transferred to U.S. dollar cash
Binance market data (11/3 09:00 UTC+8): BTC at about $77,141, down 1.26% over 24 hours. It’s still about 2.2% above Strategy’s average cost, but below this week’s average purchase price.
A few observations:
1. No BTC purchases last week; small purchases resumed this week, accounting for only about 0.1% of total holdings.
2. U.S. dollar cash fell from $242 million to $133 million (according to media reports, citing the 8-K).
3. Prices are volatile; the data reflects only the time of disclosure.
What do you think about companies accumulating BTC while also buying back preferred shares? Share your thoughts in the comments.
#Strategy #比特币 #Binance #币安广场 #WriteToEarn
This post is participating in Binance Square’s Write to Earn program. The author may receive a commission.
For informational purposes only; this is not investment advice. DYOR.
