Strategy makes first back-to-back Bitcoin buys since June as accumulation picks up
Michael Saylor-led Strategy (formerly MicroStrategy) has made back-to-back weekly Bitcoin purchases for the first time since June, rebuilding its holdings after selling some of the cryptocurrency earlier this quarter. On Sept. 28, the company said…
Strategy erased nearly $8 billion of net debt in 11 months and put S&P’s junk rating on the clock
Strategy, the largest Bitcoin treasury firm, is making a case for an escape from its B- junk credit rating after building billions of dollars in liquidity and reducing debt. On Sept. 10, Strategy’s head of investor relations, Chaitanya Jain, said the…
Strategy doubles its stock buyback to $2 billion to pull its STRC shares back to $100
Strategy doubled the size of its preferred-stock repurchase program to $2 billion Tuesday as Michael Saylor’s Sept. 8 recovery benchmark arrived with STRC still short of its $100 stated value. The board’s decision extends a campaign that was approaching…
Metaplanet’s Bitcoin boom quietly turned a 46 million-share executive pay plan into a 319 million-share windfall
Metaplanet’s Bitcoin expansion has exposed an executive compensation windfall that shareholders want the company to unwind. The dispute centers on an executive options pool that expanded as the Tokyo-listed company repeatedly issued equity to finance its…
Strategy’s $250 Bitcoin Jordans sold out as Saylor turns 4% of BTC supply into a consumer brand
Strategy’s $250 Bitcoin-themed Air Jordans have sold out, extending Michael Saylor’s treasury brand from Wall Street into consumer culture. The shoes, launched Sept. 4 through Strategy’s online store, were sold out by Sept. 8, with all nine…
How Bitmine could surpass its 5% Ethereum goal without buying more ETH
Bitmine is still buying Ethereum, even as staking may make further purchases unnecessary to reach its 5% ownership target. The Nasdaq-listed treasury company disclosed that it acquired 53,501 ETH in the week through Aug. 30, taking its holdings to 5.9…
El Salvador added 1,540 Bitcoin, but the IMF says Bukele’s government didn’t pay for them
The International Monetary Fund (IMF) says El Salvador’s Bitcoin reserve growth over the past year came from private donations, not new government spending. In its latest review of the country’s loan program, the global financial agency said documents…
This Japanese company made money on Ethereum, Solana, and XRP, but sold them anyway to keep its $121 million Bitcoin holdings
Remixpoint sold all of its Ethereum, Solana, XRP, and Dogecoin holdings, leaving Bitcoin as its only cryptocurrency asset. The Japanese company generated ¥878.8 million, or about $5.5 million, from the Sept. 1 sales and booked a net gain of about ¥117.8…
Strategy splits $603 million share sale between Bitcoin purchases and STRC support
Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, then split the proceeds among a renewed Bitcoin purchase, support for its STRC preferred stock, and additional cash. The company’s Aug. 31 filing attributed $369.7…
One mid-tier Bitcoin treasury just gambled its entire BTC reserve on a single 30-day reset price
PowerCompute, a Bitcoin treasury and mining company, added $3.765 million to its debt after an early Bitcoin collar reset involving 307 BTC. The executed schedule records the unwind cost as added principal rather than cash or USDC. The company’s Aug. 28…