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.
Read more (2 min) →Results for STRC
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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’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 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.
MSTR has lost 75% of its value since STRC began trading
It has been a year since Michael Saylor’s Strategy launched STRC, and the price of MSTR has declined 75% since it started trading.
Strive bought STRC instead of holding ‘idle cash,’ lost over $4M
Strive told shareholders that it was choosing to hold STRC instead of idle cash, a swap that has cost shareholders millions of dollars.
— Michael Saylor, MicroStrategy
No amount of cash can fix STRC’s trust problem
Michael Saylor keeps raising cash for STRC holders who've watched him shift his promises, so the discount below par is persisting.
Buy STRC and make 28%? Traders say no thanks
The effective yield of STRC is 14% with a 28% total return on offer, yet it still cannot hold the $100 par value that Strategy intends.