Strategy Wants Its Preferred Stock Dividends to Accrue 365 Days a Year
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Strategy skips Bitcoin buy to repurchase $176M of STRC preferred shares
Strategy repurchased $176 million worth of its STRC preferred stock and doubled the size of its digital securities repurchase program to $2 billion, while pausing on new Bitcoin buys.
Strategy raises $334M through stock sales but buys no Bitcoin
Proceeds funded STRC dividends and repurchases, while $149.1 million was added to Strategy’s US dollar reserve, which reached $4.8 billion.
STRATEGY CONDUCTS $25M STRC STOCK BUYBACK: FILING https://t.co/Da0M9Qzc8Q
AggrNews News, Strategy Conducts $25M Strc Stock BUYBACK: Filing HTTPS://T.CO/DA0M9QZC8Q
Cryptocurrency stocks fell in pre-market trading; STRATEGY down 4.1%.
According to data from Odaily Odaily, cryptocurrency stocks fell in pre-market trading, following Bitcoin's more than 2% decline. COINBASE GLOBAL fell 3.5%, BIT DIGITAL declined 3.6%, and STRATEGY fell 4.1%. RIOT PLATFORMS fell 4.4%, HUT 8 CORP fell 4.9%, and MARA HOLDINGS fell 3.5%.
Since October of last year, hedge funds have once again concentrated their buying on technology stocks.
According to a chart posted on X by financial analysis website Barchart, based on Odaily of America data, hedge funds' purchases of technology stocks last week reached their highest level since October of last year.
Trump reveals up to $100K Strategy stock purchase in ethics filing
President Donald Trump disclosed a July purchase of Strategy shares as his administration continues to advance crypto policy through federal regulators and Congress.