Only about 61% of the common stock they sold this week went to purchase Bitcoin
Here’s where the other 39% of Strategy’s raise went. They raised $602 million and bought $370 million worth of Bitcoin. It was divided four ways. $370 million bought Bitcoin, $151 million repurchased STRC shares, working very hard to push that back up to par at $100. $50.7 million paid STRC dividends, and they already have over $5 billion saved for that. The fact that they’re paying them in real time and have it saved means your concerns about STRC should be over. And they used $30 million to increase the USD cash, so they actually added to the cash reserve while buying Bitcoin. The remainder supported the preferred stock structure and their liquidity.
#Strategy #Bitcoin #STRC #Markets #Crypto
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