Bitcoin companies are learning that holding forever takes cash
Japanese treasury firm Metaplanet sold and rebought Bitcoin at a higher price to prove its liquidity to creditors, highlighting the cash required…
Tag: Strategy
Strategy’s $150 million-a-day STRC market has a hidden dependency on its own buybacks
Strategy's preferred-share buybacks make up a substantial portion of trading activity in its STRC financing instrument. A recent Keyrock research report highlights…
Bitcoin rally delivers $4.1 billion tax windfall for Strategy
Strategy projected a $4.1 billion income-tax benefit following an increase in Bitcoin fair value above its cost, driven by an accounting adjustment…
Strategy buys just 334 Bitcoin as preferred-share buybacks reach $1.45 billion
Strategy acquired just 334 Bitcoin for $28.7 million, its smallest purchase of the year, while channeling $176.3 million into preferred-share buybacks as…
Why Strategy’s STRC calculator shows $210 for a share it can redeem at $101
Strategy's STRC credit calculator generated an illustrative price of $210.90 while market prices hovered near $99.50 and redemption options stood at $101.…
Strategy makes first back-to-back Bitcoin buys since June as accumulation picks up
Michael Saylor's Strategy has made back-to-back weekly Bitcoin purchases for the first time since June, pushing its total reserves to a record…