Michael Saylor’s Strategy Prioritizes Stock Buybacks Over Bitcoin Purchases
- Strategy purchased 334 Bitcoin (BTC) for $28.7 million last week, increasing total holdings to exactly 848,000 BTC.
- During the same period, Strategy repurchased approximately 1.77 million shares of its STRC preferred stock for $176.3 million.
- The firm plans to seek shareholder approval for daily dividend payments on its preferred stocks, enhancing liquidity and price stability.
- The proposed changes would replace the current twice-monthly and quarterly payment schedules without altering dividend rates.
This strategic shift highlights a growing emphasis on preferred securities in managing Bitcoin treasury strategies, as evidenced by the significant funds allocated to stock buybacks over Bitcoin purchases.
Last week, Strategy’s repurchases of STRC stock outpaced its Bitcoin acquisitions by more than six times in spending, reflecting a notable change in capital allocation priorities.(Source)
