$MSTRB 140.20. Strategy bought another 811 BTC last week at an average price of 80,846—higher than the current price.
What really stings is the cash: selling shares netted $164 million, but only $65.5 million went into bitcoin. The remaining $98.5 million was held as cash in U.S. dollars.
Sixty percent.
That same week, it repurchased $208.2 million of preferred stock and paid $43.4 million in dividends—four times what it spent on bitcoin. The USD cash balance is down to just $133 million.
A lot of people think selling shares means buying bitcoin. Not at all. First, it has to plug the preferred-stock hole.
$BTC Three cost levels: the average cost for the entire position is 75,451; last week’s purchases, 80,846; current price, 79,685.
The cushion is just 5.6%.
The price needs to hold above 80,846 for last week’s purchases to break even. Below 75,451, the entire position is underwater.
Keep an eye on 75,451. Don’t try to guess the bottom.
Are the coins you hold above or below your cost basis?
https://www.sec.gov/Archives/edgar/data/1050446/000119312526442707/mstr-20261102.htm
What really stings is the cash: selling shares netted $164 million, but only $65.5 million went into bitcoin. The remaining $98.5 million was held as cash in U.S. dollars.
Sixty percent.
That same week, it repurchased $208.2 million of preferred stock and paid $43.4 million in dividends—four times what it spent on bitcoin. The USD cash balance is down to just $133 million.
A lot of people think selling shares means buying bitcoin. Not at all. First, it has to plug the preferred-stock hole.
$BTC Three cost levels: the average cost for the entire position is 75,451; last week’s purchases, 80,846; current price, 79,685.
The cushion is just 5.6%.
The price needs to hold above 80,846 for last week’s purchases to break even. Below 75,451, the entire position is underwater.
Keep an eye on 75,451. Don’t try to guess the bottom.
Are the coins you hold above or below your cost basis?
https://www.sec.gov/Archives/edgar/data/1050446/000119312526442707/mstr-20261102.htm
