#goodnews1
Strategy’s STRC hit $100, but common stock still funded last week’s Bitcoin purchases
Strategy funded its Bitcoin purchases with common-stock sales during November 2–8, even as STRC, its variable-rate preferred stock, reached $100. Strategy had said it would not issue STRC below that price, but its November 9 disclosure reported no STRC sales under its at-the-market offering program.
The allocation shows where the week’s financing went. Of $283.8 million in net proceeds from MSTR common shares, $188.3 million funded STRC repurchases, $81.9 million funded Bitcoin purchases and $13.6 million went to USD Cash, according to the weekly financing update.
That put about two-thirds of the new common-stock money into buying back preferred shares. Less than a third went into Bitcoin. STRC’s market-price recovery had yet to become reported STRC ATM financing within that week.
STRC recorded an historical intraday high price of $100 on November 4 and an unadjusted close of $99.98. Its highs on November 5 and 6 were $99.97 and $99.84, respectively.
Strategy’s July 27 policy announcement said the company would not issue STRC below $100. It also described a long-term objective of healthy, sustained trading near that level. The issuance and dividend policies were statements of intent that could change.
Strategy receives new equity capital when it sells shares and collects proceeds. In a secondary-market trade, a buyer instead pays another investor for an existing share. The market price and the issuer’s financing proceeds therefore describe separate transactions.
For November 2–8, the reported financing came from selling 2,051,348 MSTR shares. That share-sales figure includes shares sold but not yet settled as of November 6.
CryptoSlate’s November 5 coverage described renewed STRC financing as a possibility and included an unconfirmed tracker estimate that issuance might have financed 191 $BTC . The subsequent weekly disclosure reports no STRC ATM sales for the period containing November 4.
#Write2Earn #BTC $BTC
Strategy’s STRC hit $100, but common stock still funded last week’s Bitcoin purchases
Strategy funded its Bitcoin purchases with common-stock sales during November 2–8, even as STRC, its variable-rate preferred stock, reached $100. Strategy had said it would not issue STRC below that price, but its November 9 disclosure reported no STRC sales under its at-the-market offering program.
The allocation shows where the week’s financing went. Of $283.8 million in net proceeds from MSTR common shares, $188.3 million funded STRC repurchases, $81.9 million funded Bitcoin purchases and $13.6 million went to USD Cash, according to the weekly financing update.
That put about two-thirds of the new common-stock money into buying back preferred shares. Less than a third went into Bitcoin. STRC’s market-price recovery had yet to become reported STRC ATM financing within that week.
STRC recorded an historical intraday high price of $100 on November 4 and an unadjusted close of $99.98. Its highs on November 5 and 6 were $99.97 and $99.84, respectively.
Strategy’s July 27 policy announcement said the company would not issue STRC below $100. It also described a long-term objective of healthy, sustained trading near that level. The issuance and dividend policies were statements of intent that could change.
Strategy receives new equity capital when it sells shares and collects proceeds. In a secondary-market trade, a buyer instead pays another investor for an existing share. The market price and the issuer’s financing proceeds therefore describe separate transactions.
For November 2–8, the reported financing came from selling 2,051,348 MSTR shares. That share-sales figure includes shares sold but not yet settled as of November 6.
CryptoSlate’s November 5 coverage described renewed STRC financing as a possibility and included an unconfirmed tracker estimate that issuance might have financed 191 $BTC . The subsequent weekly disclosure reports no STRC ATM sales for the period containing November 4.
#Write2Earn #BTC $BTC
