Strategy repurchases $STRC shares and boosts cash reserves
Strategy Inc repurchased 1.55 million STRC preferred shares for $151.8 million and increased its USD cash by $29 million to $1.61 billion, funded through common stock ATM issuance. The company now reports over four years of dividend coverage on its balance sheet.
Detected & updated continuously · Source: Nebula
Sources
@BTCtreasuries
JUST IN: Strategy $MSTR just announced it has repurchased 1.55 million $STRC shares for $151.8 million and increased its USD cash by $29 million to $1.61 billion. Strategy now has over 4 years of dividend coverage on its balance sheet. 🔥 Funded through common stock ATM. https://t.co/NInF2qEStz
@BitbullTrading
🔥 Strategy hat zum ersten Mal seit dem 22. Juni wieder zugeschlagen und 4.603 #Bitcoin für rund 370 Mio. USD gekauft. Außerdem wurden die Cashreserven um 29 Mio. USD erhöht und eigene $STRC Aktien für 152 Mio. USD zurückgekauft. Damit hält Strategy jetzt 845.050 Bitcoin sowie
@Sam_Badawi
Ok. It’s official now. Michael Saylor just announced that $MSTR bought another 4,603 Bitcoin for $370M, bringing Strategy’s total holdings to 845,050 BTC. The company also added $29M in cash and repurchased $152M of $STRC. https://t.co/FrloY51VCb
@NickValdez
For those that don't want to read their 8-K filing -Diluted $MSTR stock by $602M by issuing new shares -$50M set aside for STRC dividend obligations -$369M used to buy bitcoin:native at $80,300 (already down $8M on that purchase alone) -$151M used to buy $STRC off the open