Samson Mow Says Bitcoin Treasury Companies Are Overlooked
JAN3 CEO Samson Mow argues that Bitcoin treasury firms like Strategy (MSTR) are undervalued, serving as a buyer of last resort that drives prices higher.
JAN3 CEO Samson Mow argues that Bitcoin treasury firms like Strategy (MSTR) are undervalued, serving as a buyer of last resort that drives prices higher.
Jeff Walton explains the $700 million Bitcoin raise via preferred equity, the growing market for such capital, and where the next trillion dollars may come…
STRC has traded under $100 since May despite Strategy's buybacks, and MSCI's delisting decision added further pressure.
Strategy bought 267 BTC for $22M, bringing October total to $73M. Its holdings now 848,517 BTC worth $69.5B.
Strive and Strategy purchased a combined 1,490 Bitcoin on Monday as BTC recovered above $82,000.
Fundstrat's Sean Farrell sees Bitcoin at $95K-$100K by year-end, and discusses MSCI's exclusion of Bitcoin treasury companies.
Michael Saylor says Strategy added a cash reserve to keep its STRC preferred stock at par, as credit buyers favor dollars over Bitcoin.
MSCI moves forward with a proposal that could exclude bitcoin-heavy Strategy from global indexes. Strategy had previously opposed the plan.
Strategy's stock fell 4% after MSCI announced rules to remove non-operating companies from its World Index, threatening Strategy's inclusion.
MSCI approved new rules that could exclude Strategy from major global stock indexes.
Strategy's USD Cash dropped 60% to $640.5 million, with most funds used for STRC buybacks, depleting reserves quickly.
Mike Treidl discusses why Bitcoin treasury companies using preferred shares for purchases and potential benefits Strategy
Strategy bought 250 BTC for $21.5M and repurchased $192M of preferred stock, now holding 848,250 BTC.
Strategy bought only 250 Bitcoin last week, its second straight smaller purchase, as more capital went to share buybacks.
Retail investors hold 66% of Bitcoin. Institutions own 17%. Corporate holders like Strategy face costs to maintain their BTC stakes.