Strategy’s STRC acquires around 7,000 bitcoin this week, but Two Prime CEO cautions ‘there’s no free lunch’
Bitcoin Accumulation through Preferred Stocks This week, it was reported that Strategies (MSTR) acquired approximately 7,000 Bitcoins through Stretch Perpetual Preferred Stock (STRC). This highlights how quickly this high-yield investment has become crucial for the company’s Bitcoin strategy. However, this investment structure carries certain risks, according to Alexander Bloom, CEO of Two Prime, an SEC-registered […]
Strategy’s Bitcoin Purchases Increase as $48 Billion BTC Holdings Decrease in Value
Company’s Bitcoin Acquisitions and Market Reactions Recently, Strategy announced a significant purchase, acquiring $168 million worth of Bitcoin, in what has been called the fourth largest transaction of its kind. The firm secured this by using some proceeds from its preferred stock. Based in Tysons Corner, Virginia, the company added 2,500 BTC to its holdings […]
Views Change on Strategy’s Bitcoin Investment as Crypto Market Decline Intensifies
Bitcoin investors are now facing a significant challenge as the cryptocurrency market experiences a prolonged decline. According to some predictions, there’s a 36% chance that Bitcoin treasury companies will offload parts of their holdings by year’s end, a rise from 22% just a few days ago. This bearish trend emerged when Bitcoin dropped below a […]
Michael Saylor Expands Strategy’s Resources by Acquiring 855 BTC, While Jim Cramer Remains Unimpressed
Bitcoin Purchase and Market Reaction Recently, a strategy led to the acquisition of 855 BTC for $75.3 million between January 26 and February 1. This purchase was fully funded through the sale of 673,527 Class A shares, which brought in net proceeds of $106.1 million. However, Bitcoin’s value dropped below $75,000 over the weekend, leading […]
Four Possible Weaknesses in Strategy’s Bitcoin Stronghold
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Strategy’s STRD credit spread narrows as weekly ATM issuance reaches all-time high
STRD Credit Spread Tightens Amid Demand Strategies (MSTR) Junior Preferred Stock, known as stride (STRD), experienced a further tightening of its credit spread over the weekend. This shift may suggest a strong demand for the company’s highest-yielding preferred stock. As of December 12, the spread between STRD and 10-year U.S. Treasury yields dropped to a […]
TD Cowen States Strategy’s Bitcoin Purchasing Mechanism Stays Strong Despite Market Fluctuations
Simply put Strategy has seen a significant rise in preferred stock activity, particularly a notable increase in floating rate preferred issuance. A recent research note highlights that the company raised about $704 million through its new Euro-denominated preferred IPO, allowing for the purchase of approximately 6,890 BTC. Decrypt reported that the company’s model can keep […]
Peter Schiff labels Strategy’s model as a scam and invites Saylor to a debate.
Peter Schiff Critiques MicroStrategy’s Business Model Gold investor Peter Schiff has been vocal about his skepticism towards cryptocurrency, particularly Bitcoin. Recently, he took aim at Michael Saylor, the founder of MicroStrategy, labeling him a “fraud” and even proposing a debate during the upcoming Binance Blockchain Week in Dubai this December. Schiff, known for his critical […]
Michael Saylor Refutes Bitcoin Sale Speculations, Claims Strategy’s BTC Acquisitions Are ‘Speeding Up’
Simply put Michael Saylor mentioned on CNBC that the company is speeding up its Bitcoin acquisitions. He noted that even if Bitcoin were to drop by 80%, their long-term strategy would remain intact. The market cap of the company has fallen below the current worth of its Bitcoin assets. Michael Saylor, executive chairman of the […]
Strategy’s Q3 earnings fall to $2.8 billion as bitcoin surge diminishes, mNAV premium reaches an 18-month low
Bitcoin Treasury Firm Sees Drop in Q3 Profit Bitcoin treasury firm Strategy (ticker MSTR) reported a third-quarter profit of $2.8 billion, a significant decrease from the previous quarter’s high of $10 billion. This drop comes as Bitcoin’s recent rally lost steam, and the company’s valuation premium has continued to shrink. Despite this decline, the results […]