Michael Saylor, Founder of Strategy, has hinted that Strategy could buy bitcoin again. The latest BTC purchase could come at a time when Bitcoin price has dropped below $69k. A statement by U.S. Treasury Secretary Scott Bessent could also be a potential factor, given that it signals a positive outlook
Strategy is increasing its program of preferred stocks to buy more Bitcoins as it seeks to reduce the impact of market volatility. The company wants to continue accumulating Bitcoin while also limiting the volatility that often rattles its common shares. The new preferred product, called “Stretch,” pays a variable dividend
The executive chairman of Strategy, Michael Saylor, and the chief executive officer, Phong Le, guaranteed that its BTC accumulation strategy would remain intact regardless of increasing unrealised losses. At the time of the earnings call after listing $12.4 billion in fourth-quarter losses, management showed that liquidation risk would only come
Eleven major U.S. public pension funds are now reporting substantial unrealized losses on microcap Strategy shares linked to Bitcoin. Their combined holdings of almost 1.8 million Strategy shares are currently worth $240 million. This is down from $577 million, which indicates a substantial drawdown. Market information reveals that this represents
MicroStrategy, now operating under the name Strategy, hinted that it purchased more Bitcoin after a sharp weekend market crash. The signal came through executive commentary and social media cues that closely followed Bitcoin’s rapid price drop. This is in line with the company’s strategy of purchasing during volatile periods instead
Michael Saylor’s Strategy, a Bitcoin Treasury Company, is continuously expanding its bitcoin holdings. As per the filing with the US Securities and Exchange Commission on Monday, the company added 1,287 BTC to its holdings. The acquisitions were made between December 29 and January 4 and totaled around $116 million. In
Strategy CEO Phong Le disagreed with MSCI’s idea of removing companies that have a large amount of crypto on their financials from their index, saying that the move was unfair and that it did not match the way traditional industries were treated. Le argues that the move by the index
To alleviate growing investor anxiety caused by the ongoing Bitcoin bear market, Strategy has effectively obtained $1.44 billion of new capital. By selling stocks, the company finished the fundraising in a little more than a week, thus showing how it is still able to raise funds even when the market
The Strategy by Michael Saylor has revealed intentions to launch a euro-based stock offering as another bold move in its Bitcoin accumulation campaign. The crypto treasury company submitted a preliminary public offering of 3.5 million perpetual shares under the STRE ticker to European investors on Monday. Expanding Bitcoin Treasury Through
Strategy shares soared almost 6% in after-hours trading as the company announced its third-quarter earnings on Thursday evening. The Bitcoin treasury company announced that it earned a net income of $2.8 billion in the third quarter that ended on September 30, which is far beyond the expectations of Wall Street.
