PiCK
Strategy Buys Back Another $139 Million of STRC, Makes No Bitcoin Trades Last Week
Summary
- Strategy said it repurchased an additional $139 million of its preferred stock STRC.
- Strategy said it neither bought nor sold Bitcoin last week, leaving its holdings unchanged at 845,050 tokens.
- Strategy said it holds $6.4 billion in dollar assets, about 3.9 years of USD Duration, and BTC Credit of 57 basis points.
Forecast Trend Report by Period
Strategy, the world’s largest corporate holder of Bitcoin, repurchased an additional $139 million of its STRC preferred stock and made no Bitcoin purchases or sales last week.
Strategy said on Sept. 14 that it bought back $139 million worth of STRC shares, extending its repurchases as it manages its capital structure.
The company neither bought nor sold Bitcoin last week. As of Sept. 13, its Bitcoin holdings remained unchanged at 845,050 tokens.
Strategy also said it holds $6.4 billion in dollar-denominated assets.
The company put its “USD Duration” at about 3.9 years, meaning its current dollar assets could cover financial obligations such as dividends and interest for roughly 3.9 years without relying on Bitcoin prices or new fundraising.
Strategy also said STRC’s “BTC Credit” stands at 57 basis points, assuming a Bitcoin price of $77,266, an annual rate of return of 10%, and volatility of 40%. The metric is Strategy’s in-house credit measure for the additional return STRC investors receive by investing in STRC instead of holding Bitcoin directly.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.