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Strategy notched its largest Bitcoin purchase in nearly a month, expanding its holdings with proceeds that purely came from its flagship preferred share.
Strategy spent $1 billion last week to purchase 14,000 Bitcoin using only STRC proceeds.
KEY POINTS
- Strategy now owns nearly 781,000 Bitcoin, just 9,000 short of BlackRock’s ETF holdings.
- STRC preferred shares have become the primary funding source, avoiding dilution of common shareholders.
- Strategy faces $1.2 billion in annual dividend obligations from STRC, covered by $2.25 billion in cash reserves.
- Michael Saylor claims dividends can be covered indefinitely if Bitcoin appreciates at least 2% annually.
COMPANIES
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