After more than 170 days, Strategy has resumed issuing STRC. Mi Ge puts the numbers on the table first: During the week of October 26 to November 1, it added 811 bitcoins, spending $65.5 million at an average price of $80,846. Its total holdings reached 849,327 bitcoins, acquired at a total cost of $64.08 billion, or an average of $75,451 each.
What’s really worth considering is the money spent on buybacks: Strategy spent $208.2 million buying back STRC during the same period—more than three times what it spent on bitcoin. STRC has a face value of $100. When it trades at a sustained discount, Strategy can’t issue more, effectively blocking its financing channel. It first has to spend money to bring the price back near par before it can resume issuance. The math is clear: restoring this financing tool is more urgent than buying a few hundred more coins.
Mi Ge’s take: STRC’s return to issuance is a crucial step in keeping institutional buying of bitcoin alive, not a short-term catalyst for speculation. The buyback authorization fell from $1.16 billion on October 18 to $748.6 million on November 1, so the ammunition is being used up. Public companies’ net purchases totaled just $75.49 million for the week, down 85.2% from the previous week. On Binance, BTC is trading at $80,424, up 2.5% over 24 hours. The Fear and Greed Index is at 43, in neutral territory—the mood hasn’t caught up with the price yet.
Trading approach: Don’t chase the price in the short term. It may be steadier to wait for bitcoin to return to around $80,000 and then build a bullish position in stages. For the medium term, the key question is how long STRC can keep this financing pipeline going. What do you think? Is Strategy’s move to save STRC before buying more coins keeping bitcoin alive, or is it using up its future purchasing power?
#StrategySTRC时隔超170天恢复发行
What’s really worth considering is the money spent on buybacks: Strategy spent $208.2 million buying back STRC during the same period—more than three times what it spent on bitcoin. STRC has a face value of $100. When it trades at a sustained discount, Strategy can’t issue more, effectively blocking its financing channel. It first has to spend money to bring the price back near par before it can resume issuance. The math is clear: restoring this financing tool is more urgent than buying a few hundred more coins.
Mi Ge’s take: STRC’s return to issuance is a crucial step in keeping institutional buying of bitcoin alive, not a short-term catalyst for speculation. The buyback authorization fell from $1.16 billion on October 18 to $748.6 million on November 1, so the ammunition is being used up. Public companies’ net purchases totaled just $75.49 million for the week, down 85.2% from the previous week. On Binance, BTC is trading at $80,424, up 2.5% over 24 hours. The Fear and Greed Index is at 43, in neutral territory—the mood hasn’t caught up with the price yet.
Trading approach: Don’t chase the price in the short term. It may be steadier to wait for bitcoin to return to around $80,000 and then build a bullish position in stages. For the medium term, the key question is how long STRC can keep this financing pipeline going. What do you think? Is Strategy’s move to save STRC before buying more coins keeping bitcoin alive, or is it using up its future purchasing power?
#StrategySTRC时隔超170天恢复发行