Browsing: strc preferred stock
Strategy’s enterprise mNAV fell below 1 for the first time as MSTR stock hits 52-week lows. The move stalls the company’s Bitcoin accretion strategy as debt…
Strategy acquires 520 Bitcoin for $34.9 million, boosts cash reserves to $1.4 billion
By Michael Fawn
Strategy (NASDAQ: MSTR) has acquired 520 Bitcoin for $34.9 million, bringing its total holdings to 847,363 BTC while raising $335M to boost dividend coverage.
Michael Saylor has outlined Strategy Inc.’s STRC model, a Bitcoin-backed preferred stock offering an 11.5% dividend while expanding corporate BTC holdings.