Bitcoin24h $78,835.10+0.05%

Ethereum24h $2,453.62-0.95%

BNB24h $696.98-0.65%

XRP24h $1.45-1.92%

Solana24h $97.23-0.54%

TRON24h $0.3368-2.19%

Hyperliquid24h $80.34+3.26%

Dogecoin24h $0.0869-2.84%

Zcash24h $783.16-5.18%

UNUS SED LEO24h $9.32+0.19%

Buying the dip? Strategy prefers the top of the range

Strategy founder Michael Saylor keeps announcing relatively expensive BTC buys near the top of each week’s trading range.

Bitcoin treasury firm Strive buys Strategy instead of bitcoin

Nasdaq-listed BTC treasury company Strive has announced a $50M cash purchase of fellow BTC treasury company Strategy’s STRC.

Strategy founder Michael Saylor has increased the dividend rate on STRC so high that it’s now roughly 60% of a typical credit card rate.

When BTC was above $84K, Strategy founder Michael Saylor said, “sell a kidney if you must, but keep the BTC.” Yesterday, BTC hit $63K.

Strategy might be able to survive until BTC hits $8,000, but common shareholders will lose hope in treasury coverage in the $20,000s.