MicroStrategy Buys Just 334 Bitcoin, Spends 6x More on Buybacks: What Changed?
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Strategy added 334 bitcoin last week for $28.7 million and its holdings reached 848,000 BTC in a Monday SEC filing. In the same week, it spent $176.3 million repurchasing preferred stock, and its Bitcoin stash was described as about 4% of the 21 million coin supply cap. Separately, Strive disclosed a much larger Bitcoin purchase of roughly 2,000 BTC for $169 million while Strategy’s buy remained smaller by comparison.
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What it means
Strategy’s weekly bitcoin purchase and stock buyback affect holders who track the company’s balance-sheet moves, because both actions were disclosed together in a Monday SEC filing. Anyone watching the corporate bitcoin holder rankings can also see that Strategy’s reserve stood at 848,000 BTC after the purchase.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 39 days ago | Saylor’s Strategy Buys Another 1,665 BTC in Second Consecutive Weekly Purchase event | 1 actors in common · 4 news media |