By Jordan Lyanchev After hinting at buying more bitcoin on Sunday, Strategy’s co-founder and former CEO, Michael Saylor, announced on X minutes ago that the firm had acquired another 520 BTC for $35 million. Thus, its total holdings have grown to 847,363 units, currently valued at almost $55 billion. What’s more interesting about this announcement […]
Tag: STRC
Key highlights: Strategy’s preferred stock fell to around $88, nearly 11% below its $100 target price. The company has now paused new STRC issuances, limiting its source of capital used to buy more Bitcoin. Arca’s CIO suggested that Strategy may need to sell $3 billion to $4 billion worth of BTC. Strategy’s STRC stock has […]
Key highlights: STRC reached its all-time low of $85 after a week-long decline. Critics say falling prices are proof that the “Ponzi scheme” is tearing at the seams. Others argue that a declining STRC presents a buying opportunity for long-term investors. After Strategy’s preferred stock STRC tumbled to its lowest level since listing, analysts are […]