Bitcoin News
By Jean-Luc Maracon
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Saylor's MSTR Move and the Dollar Runway. Strategy didn't stop at Bitcoin. Within the same window, the company raised $290.
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STRC Trading Below Par, and What That Means. Come Monday's pre-market session, STRC was trading at $89.40. That's a 10.
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Strategy dumped 1,638 Bitcoin between July 27 and Sunday. The sale brought in $104.7 million at an average price of $63,957 per coin, making it the company's second-largest…
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The split of that cash was pretty much 50/50. Exactly $52.4 million went straight to dividend payments on the company's STRC preferred stock. The other $52.
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Earlier sales this year: 3,588 Bitcoin on July 6 for roughly $216 million. And 32 Bitcoin in early June — the first sale since a 2022 tax-loss transaction.
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Strategy didn't stop at Bitcoin. Within the same window, the company raised $290.6 million through sales of its MSTR shares.
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Michael Saylor, founder and chairman, posted on social media that the firm repurchased $81.2 million worth of STRC stock total, extending its US dollar runway by 57 days —…
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It's worth stepping back. Strategy has been running an unusual financial model for years now — holding Bitcoin as a primary treasury asset while issuing preferred stock and…
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Come Monday's pre-market session, STRC was trading at $89.40. That's a 10.6% drop from its $100 target value. MSTR stock fell a more modest 0.9%.
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Read also: Strategy Dumps 1,638 Bitcoin in a Week, USD Reserves Cross $4 Billion
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STRC sitting below par is a real problem, not just a cosmetic one. The preferred stock is a core financing tool for Strategy's Bitcoin buying strategy.
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That pressure isn't new. On June 24, CryptoQuant CEO Ki Young Ju publicly said Strategy should pause Bitcoin purchases and rebuild cash reserves — he'd seen the dividend coverage…
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So the playbook is now official: sell Bitcoin if needed, raise the dividend if needed, keep the machine running.
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The US dollar reserve sitting at $4 billion gives Strategy some cushion. The cash balance — $2.55 billion as of the last filing — adds more. That's not nothing.
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Preferred stock trading below par is something equity markets watch closely. It can signal that the market isn't fully convinced the issuer can sustain payments.
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