Strategy just spent triple on buying back its own preferred shares what it spent on Bitcoin.
Last week:
• STRC buybacks: over 3x the weekly $BTC purchase outlay
• Strategy disclosed a $208M share buyback as STRC nears $100
• Meanwhile spot BTC ETFs bled roughly $1B over recent sessions (Farside)
My take: the biggest corporate holder is defending its funding stack first, and stacking second. Less new bid from that side while ETF flows are negative.
Watch: whether weekly BTC buys resume before ETF flows turn green.
Will Strategy's next weekly BTC buy be bigger or smaller than its STRC buyback?
Not financial advice.
#Strategy #Bitcoin #MSTR
Last week:
• STRC buybacks: over 3x the weekly $BTC purchase outlay
• Strategy disclosed a $208M share buyback as STRC nears $100
• Meanwhile spot BTC ETFs bled roughly $1B over recent sessions (Farside)
My take: the biggest corporate holder is defending its funding stack first, and stacking second. Less new bid from that side while ETF flows are negative.
Watch: whether weekly BTC buys resume before ETF flows turn green.
Will Strategy's next weekly BTC buy be bigger or smaller than its STRC buyback?
Not financial advice.
#Strategy #Bitcoin #MSTR