Strategy (MSTR) increased its U.S. dollar reserve by $466.7 million to $3 billion last week through its at-the-market equity program, according to a Monday regulatory filing. The company maintains the reserve to support dividend payments on its preferred stock and interest payments on its outstanding… Read More
In bitcoin BTC$61,712.51’s 4-year cycles, there has always been a distinct driver of selling pressure. In 2018, we saw the promise of crypto running ahead of its skis; the market drove up valuations of crypto projects far beyond their nascent stages of development that led… Read More
Strategy’s perpetual preferred security, Stretch (STRC), fell as low as $97.11 on Thursday as bitcoin BTC$73,565.90 slipped to the $73,000 mark. STRC tends to face selling pressure during bitcoin drawdowns and in the days immediately following its ex-dividend date, as seen on Nov. 20 and… Read More
Leading bitcoin treasury company Strategy (MSTR) has filed a proxy that, if approved, would allow for semi-monthly dividends on its STRC “Stretch” series of preferred stock. The move would have no effect on STRC’s annual dividend obligations or dividend rate (currently 11.5%), noted Executive Chairman… Read More
Bitcoin BTC$76 833,75 has decisively broken above $76,300 for the first time since its sharp selloff on Feb. 5, when it dropped to a low near $60,000. BTC has rallied more than 25% and now trades above its 100-day moving average (100DMA) of $74,774 since bottoming… Read More
Strategy (MSTR), the largest publicly traded holder of bitcoin, did not seem to have increased its BTC position last week. Executive Chairman Michael Saylor usually signals upcoming purchases on X each Sunday, followed by a detailed update around 8 a.m. ET on Monday. There was… Read More
