Strategy raises $5.4B but barely buys bitcoin
Strategy sold $5.4B of new stock last quarter but spent just $588M of it on BTC, per its own 10-Q.
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Strategy insiders sold millions, then the CFO resigned
Strategy’s corporate insiders have sold $29.7 million of MSTR this year ahead of a stock price decline and CFO resignation this week.
Strategy spent record cash on STRC buybacks at its worst price yet
Michael Saylor’s Strategy forecasted that it would taper STRC buybacks as the price rose, but then spent $193M on buybacks.
Michael Saylor’s STRC has been off parity for five months
Despite Strategy’s attempts to bring STRC back to par, the perps have stubbornly remained below parity since May 15.
Strategy dips on bad MSCI World Index news
A powerful committee adopted “non-operating company” rules that could remove Strategy from the prestigious MSCI World Index.
Strategy’s USD Cash down 60% in seven weeks
Strategy’s USD Cash pile has plummeted 60% from $1.61B in late August to just $640.5M a few days ago.
Strategy has burned through 64% of its STRC rescue fund
Strategy has burned through 64% of its $2B STRC rescue fund, leaving less than $724M after 10 weeks of buybacks.
— Michael Saylor, MicroStrategy
Strategy paid $100M extra to buy back the bitcoin it sold
Strategy spent recent weeks rebuying 5,553 of the BTC it sold this summer. After selling low and re-buying high, the cost exceeds $100M.
Strategy still can’t get STRC back to parity
It’s been four months since Strategy’s STRC broke parity and its execs made getting it back to its $100 peg their number one priority.
Strategy can’t get STRC back to parity
Strategy’s STRC, which pays twice-monthly dividends on $100/share of par value, fell from parity on May 15 and hasn't returned.