Strategy faces index pressure as preferred stock buybacks lag

Decrypt+2 · 3 hours ago
Strategy faces index pressure as preferred stock buybacks lag
  • Strategy has spent $635.2 million repurchasing STRC, including a latest $151.8 million purchase at an average price of $97.48; STRC trades below its $100 par value.
  • Strive's SATA offers a 13% annualized dividend paid daily versus STRC's 12% rate paid semi-monthly, and SATA has held around par as Strive raises capital for bitcoin purchases.
  • MSCI opened a consultation targeting companies whose operating assets are below 50% of total assets, a proposal Strategy has described as discriminatory against digital asset treasury companies.
  • Strategy bought 4,603 BTC for $369.7 million, increasing its holdings to 845,050 BTC, according to CoinDesk.