Michael Saylor's Strategy sold no STRC preferred stock last week, despite the security touching $100 intraday on November 4. The company funded both its Bitcoin purchases and STRC buybacks by selling MSTR common shares rather than issuing new preferred equity.
The absence of STRC issuance signals a shift in capital allocation strategy, with the firm relying entirely on common stock sales to finance its Bitcoin accumulation and preferred share repurchases during the period.
Strategy Skips STRC Preferred Stock Sales Despite $100 Intraday Touch, Funds Bitcoin Buy via Common Shares
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
