On Sunday, Michael Saylor uploaded Strategy’s bitcoin acquisition tracker to X ...Orange dots tell only part of the story ... Last week, STRC traded at $89 after breaking its $100 peg ... According to Google Finance, STRC closed Friday trading at $87.48.
The move lifted the company’s U.S ... Markets read the filing without much enthusiasm ... The building block behind the change is STRC, a preferred instrument that expanded the company’s capital structure and created new obligations to service.
Michael Saylor’s Strategy (NASDAQ... Why does Strategy need to hold cash? ... In late June, Strategy adopted a capital framework that raised the annual dividend on its STRC preferred stock, nicknamed “Stretch,” to 12%, its eighth rate increase.
Bitcoin-backed preferred shares STRC and SATA posted their highest combined monthly trading volume on record in June, surpassing $10 billion amid a BTC sell-off that pushed both below their $100 par value.
Schiff links STRC’s discount to weaker Wall Street confidence in Bitcoin targets today. Parker sees STRC beating Bitcoin if dividends hold and shares return to par soon enough ... He pointed to STRC’s ...
In a striking display of investor conviction, the combined monthly trading volume for STRC and SATA — the preferred shares of Bitcoin-buying firms Strategy (MSTR) and Strive (ASST) — surged to an all-time high of $10 billion in June.
Metaplanet (TYO. 3350), Japan’s largest corporate Bitcoin holder, has started a joint study with three partners into Bitcoin-backed credit instruments ... Progmat its own release on the collaboration the same day ... What would the study model do? ... ....
Strategy’s STRC and Strive’s SATA emerged as two of the largest instruments in the market. Strategy can adjust STRC’s dividend to keep the shares trading near $100, while SATA offers a variable payout and distributes dividends daily.
The effective yield of STRC is 14% with a 28% total return on offer, yet it still cannot hold the $100 par value that Strategy intends. The post Buy STRC and make 28%? Traders say no thanks appeared first... .
Strategy raised the dividend on its flagship preferred stock to 12% in late June, but the security is still changing hands well below the $100 price the company says it wants investors to see. STRC, Strategy’s Variable Rate Series... .
StrategyInc. (Nasdaq. MSTR) executive chairman Michael Saylor says bitcoin only needs to appreciate faster than 3.3% a year for the company’s capital gains to fund its STRC dividends indefinitely, calling the metric behind that math one of the... .