Strive 上周增持 79 枚 BTC，累计持仓突破 2 万枚
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Strive CRO: Strategy's sale of 3,500 Bitcoins helps buy more BTC.
Odaily Odaily News | _2024111120230_ | An article published on the X platform states that Strive's CRO, PunterJeff Walton (@PunterJeff), explained that Strategy's recent sale of 3,500 Bitcoins is actually positive and will help it buy more BTC. He stated that this will provide more support for STRC and its future growth potential, enabling it to buy more BTC, and MSTR shareholders should take a positive view of this.
Opinion: Strategy's sale of BTC helps restore market confidence in STRC and reduces Bitcoin's short-term tail risk.
According to Mars Finance, on July 6th, Zach Pandl, Head of Research at Grayscale, stated that in his view, Strategy's sale of BTC was a necessary step to restore market confidence in STRC and its overall structure. Strategy's partial BTC sale last week further reduced the short-term tail risk of Bitcoin, and STRC is expected to continue its strong performance. Previously, it was reported that Strategy sold 3,588 Bitcoins last week, raising $216 million to pay dividends on its digital credit securities. As of July 5th, the company's Bitcoin reserves had decreased to 843,775, while it held $2.55 billion in US dollar reserves.
Strategy confirmed the sale of 3,588 BTC, raising $216 million, which will be used to pay dividends on digital credit securities.
According to BlockBeats, on July 6th, Strategy Technologies announced on its official account that it had sold 3,588 bitcoins, raising $216 million to pay dividends on its digital credit securities. As of July 5th, the company's bitcoin reserves had decreased to 843,775 bitcoins, while its dollar reserves stood at $2.55 billion. This is Strategy Technologies' second publicly disclosed reduction in holdings this year, following the sale of 32 BTC between May 26th and 31st to cover preferred stock dividends. The significant increase in scale reflects the company's increasing reliance on selling some of its bitcoin reserves to maintain its dividend obligations amidst downward pressure on bitcoin prices and widening unrealized losses on its holdings.
Strategy, holding 847,363 BTC, was advised to generate income through lending or options rather than selling BTC.
According to a research report published on July 3rd by Alex Thorn, Head of Research at Odaily Digital, Strategy should explore generating revenue from its BTC holdings rather than directly selling physical BTC. Strategy previously launched a five-part Digital Credit Capital Framework, including a dollar reserve policy, a revised STRC dividend policy, a $1 billion preferred stock buyback mandate, a $1 billion MSTR stock buyback mandate, and a BTC monetization plan, increasing the STRC annual dividend yield from 11.5% to 12%. Strategy currently holds 847,363 BTC and has raised over $1 billion through common stock sales, extending its cash coverage period to approximately 17 months. Thorn stated that Strategy could use a small portion of its BTC for conservative lending or options strategies, generating revenue while retaining most of its upside exposure. Strategy still faces preferred stock obligations and $6.7 billion in outstanding convertible debt maturing in 2027 and 2028. (Bitcoin.com News)
Strategy executives: STRC is gradually recovering, targeting a return to the $99-$100 range.
According to Foresight News , Chaitanya Jain, Head of Investor Relations at Strategy, tweeted that after a brief period of decoupling, STRC is gradually recovering, and the company's goal is to maintain its long-term trading price in the $99-$100 range. He stated that the company has several tools available to achieve this goal, including a variable dividend yield, continuously growing dollar reserves, an improving Bitcoin rating, convertible bond redemptions, stock buybacks, and ongoing product upgrades.
Michael Saylor: If Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains could fund STRC dividends indefinitely.
According to ChainCatcher, Bitcoin Treasuries.NET posted on the X platform that Strategy's Michael Saylor stated that if Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains can fund STRC dividends indefinitely. Even if BTC's annual price increase is 0%, Strategy will still have dividend funds for 31 years.