Strategy's back-to-back purchases lifted BTC holdings to 847,666 while its preferred stock climbed to about $99 after months below par.
- Strategy has resumed back-to-back Bitcoin purchases for the first time since June, increasing its holdings to a record 847,666 BTC.
- The company also increased its support for its preferred stock (STRC), repurchasing shares and proposing daily dividend payments to stabilize its price near $100.
- These actions were financed through a combination of stock sales and existing cash reserves, indicating a strategic allocation of capital towards both Bitcoin accumulation and preferred stock support.
Topics: Asset types, Institutional adoption, Public market, Equity, Asset manager initiatives, Stock equity tokenization
Tags: #strategy #bitcoin #strc #preferredstock #accumulation #repurchases #dividends #michaelsaylor
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