Follow Strategy news, including Bitcoin treasury moves, corporate buying activity, earnings, and updates tied to its BTC-focused strategy.
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MSTR plunged more than 11% last week, while preferred shares slipped below $98 despite sustained buybacks and bullish analyst price targets.
The final affected companies will be named on Nov. 11. A smaller MSTR premium could make common-stock funding for Bitcoin purchases less attractive.
Bitcoin ownership is broadening, while Strategy and Strive dominate reported accumulation and financing choices shape the flow of fresh corporate buying.
Strive added 3,311 BTC, but gross Bitcoin per effective common share increased just 1.72% as common and preferred share counts grew.
Michael Saylor’s firm spent $192.4 million on STRC repurchases and $21.5 million on Bitcoin, leaving $354.8 million in preferred-share buyback authorization.
Keyrock says the company accounted for more than a fifth of STRC trading during most September weeks, complicating the picture of institutional demand.
Strategy’s $4.1 billion Bitcoin tax benefit shows how crossing cost basis can reshape corporate accounting, while ETF fund costs and investor break-evens point to a separate test for market flows.
Strategy bought 334 BTC on Oct. 1–4 and repurchased $176.3 million of STRC over Sept. 28–Oct. 4 as the preferred stock nears 100 sessions below par.
The illustrative Oct. 2 output holds the dividend constant, while Strategy controls optional redemption at $101 or higher plus applicable unpaid dividends.
