Bitcoin gets slim share of Strategy's $5.4B stock sale
Strategy raised $5.4 billion in stock sales in Q3 but bought only $588 million of bitcoin, with most proceeds used for STRC buybacks and preferred dividends.
Strategy raised $5.4 billion in stock sales in Q3 but bought only $588 million of bitcoin, with most proceeds used for STRC buybacks and preferred dividends.
STRC returned to $100 par for the first time since May after Strategy spent over $2B on buybacks and rate hikes.
MicroStrategy’s STRC rebounded 34% to $100, driven by buybacks and a broad market rally, though its ability to hold there is uncertain.
Coinbase, Strategy, Riot and MARA gained 5% to 13% on Tuesday while bitcoin added 0.3%, as the Nasdaq rebounded and the CFTC cleared equity perpetual futures.
Strategy added 811 BTC and Strive 124 BTC; Strategy's bitcoin per diluted share fell roughly 0.17% due to new share issuance.
Strategy's Q3 2026 earnings call featured an analyst Q&A with Phong Le and Michael Saylor covering digital credit, STRC, and Bitcoin tokenization.
Strategy posted record Q3 2026 operating income of $20.91 billion, mostly a paper gain on its bitcoin, while revenue slipped 3% and bitcoin per share fell.
Strategy reported a record $21 billion operating profit from its Bitcoin holdings, while Bitcoin per share declined 3.7%.
Strategy paused bitcoin purchases to repurchase its STRC preferred shares near the $100 par level, the trigger for new issuance and bitcoin buying.
MicroStrategy's shareholders approved daily dividends on four preferred stocks, potentially aiding Bitcoin purchases after a week of no buys.
Strategy shareholders approved daily dividends for four preferred stocks, with 99.3% support. Payouts, still pending board approval, would start in late 2026…
Strategy paused bitcoin purchases, repurchasing $204.9M of preferred stock instead. It holds 848,517 BTC.
Strategy’s weekly bitcoin purchases have slowed sharply as buybacks take priority. Monday’s 8-K and Thursday earnings will show whether the pause continues.
Robinhood, Coinbase, and Strategy report earnings this week, with forecasts showing a profit at Robinhood and a loss at Coinbase.
Strategy spent a record $193.1 million on STRC buybacks at $99.60 per share, contradicting its earlier guidance to taper repurchases as the price approached…