Strategy's variable-rate preferred stock, STRC, closed above $90 for the first time in seven weeks, rising 3.2% to $92.32 following company efforts including Bitcoin sales and share buybacks to support the stock.
Strategy sold 1,638 BTC and issued 3.01 million MSTR shares to fund preferred dividends, repurchase STRC shares, and expand its USD reserve to $4 billion, extending its Bitcoin acquisition pause to six weeks.
Strategy sold 1,638 BTC for $104.7 million in the week to August 2, reducing its Bitcoin holdings to 842,138 BTC. Proceeds funded $52.4 million in preferred stock dividends and $52.3 million for an STRC share buyback, part of a larger $1 billion program.
Nasdaq-listed Lite Strategy repurchased 4.9 million shares for $5.4 million through July 17, funded by Litecoin (LTC) sales and covered-call premiums. The transaction reduced absolute LTC holdings but increased LTC backing per outstanding common share by about 1.7%.
Lite Strategy, a Nasdaq-listed company, repurchased 4.9 million shares for $5.4 million through July 17, funded by LTC sales and covered-call premiums. This reduced Litecoin holdings but increased LTC backing per outstanding share by 1.7%, though future accretion depends on execution and market conditions.
A U.S. Bankruptcy Judge ruled that the FTX Recovery Trust can proceed with claims to recover at least $1.76 billion from Binance entities and Changpeng Zhao, allegedly transferred during a 2021 share repurchase, while dismissing other claims related to FTX's collapse.
BitMine has slowed its Ethereum (ETH) purchases, adding only 7,430 tokens last week, to prioritize a $85.9 million share buyback. The company is now 95.7% towards its goal of owning 5% of Ethereum's supply, needing 257,532 more ETH, but plans a gradual approach.
UK-listed B HODL Plc's recent share buyback proved 24% more accretive to gross Bitcoin-per-share than buying Bitcoin directly. The company retired 823,400 shares for £37,985, leveraging its stock trading below its Bitcoin holdings, demonstrating an effective capital allocation strategy.
Ethereum treasury company Bitmine added 7,430 ETH ($14 million) last week, a slower pace than usual, as it focused capital on buying back 5.5 million of its own shares. The firm now holds 5.78 million ETH, nearly 4.8% of Ethereum's circulating supply, inching towards its 5% goal.
Bajaj Auto's Rs 5,633 crore share buyback began on Wednesday, aiming to repurchase 46.94 lakh shares at Rs 12,000 each. The offer, open until July 7, targets up to 1.68% of paid-up share capital, with June 24 set as the record date for eligible shareholders.
Strategy (STRC) announced a new capital framework, including up to $1B in buybacks for MSTR and STRC, a 12% dividend, and a $2.55B cash buffer, to address investor fears of a Terra/LUNA-like collapse. The company may also sell up to $1.25B in BTC holdings.
Strategy's new financial framework, including a $2.55B reserve and BTC monetization, aims to cover dividend obligations. Meanwhile, Bitcoin dropped below $60,000, with significant transfers to exchanges and ETF outflows, creating separate market pressures.
Strategy has introduced a new "Digital Credit Capital Framework" to monetize Bitcoin holdings, raise cash reserves, and fund dividends and stock buybacks. The company aims to sell up to $1.25 billion in Bitcoin, increase its preferred stock dividend rate, and repurchase securities.
Lobbying efforts are intensifying against a proposed ban on defense contractors buying back their own stock, an amendment to the annual National Defense Authorization Act (NDAA). The House Rules Committee is considering the measure, which industry groups argue restricts corporate governance and capital allocation.
Strategy (formerly MicroStrategy) announced a Digital Credit Capital Framework, authorizing up to $2 billion in buybacks and allowing Bitcoin sales to fund preferred stock obligations and repurchases, reassuring investors after recent market pressure.
Collector Crypt is testing the real-world asset (RWA) debate with a consumer-facing model involving randomized card packs, USDC sellbacks, and physical redemption. Despite generating significant on-chain activity and fees, the sustainability of demand, custody challenges, and regulatory analogies to paid randomization in gaming raise questions about its long-term viability beyond incentive-driven engagement.
India's SEBI has approved the reintroduction of open market buybacks for companies, effective August 1. This method allows firms to repurchase shares directly from stock exchanges, offering an efficient way to return capital to shareholders.
The Senate Armed Services Committee approved a provision in the National Defense Authorization Act that could bar defense contractors from stock buybacks or dividends without Pentagon approval. The measure, supported by both parties, aims to increase discipline among contractors and faces opposition from industry groups.
Wipro's Rs 15,000-crore share buyback, repurchasing up to 60 crore shares at Rs 250 each, concludes on June 17. Only shareholders as of the June 5 record date are eligible. Retail investors could see gains of around Rs 70 per share on accepted shares.
L'assemblea degli azionisti di Iveco Group ha approvato il bilancio 2025, rinnovato il CdA e autorizzato un nuovo programma di riacquisto azioni per 130 milioni di euro. Confermati Heywood come chair e Persson come ceo.
Investor Michael Burry has increased his stake in Alibaba, buying shares at $111.90 and calling it China's most advanced AI company. This move contrasts with his bearish stance on US AI firms like Nvidia and Palantir, which he believes are overvalued.
Nakamoto Inc. sold ~$48M in Bitcoin and derivatives, refinanced debt, and authorized a $25M share buyback, reducing debt by $45M and extending maturity to 2027, amidst Bitcoin's 21% monthly decline.
Wipro's Rs 15,000 crore share buyback is open until June 17, allowing eligible shareholders to tender shares at Rs 250, significantly above market price. Small shareholders have a higher entitlement ratio, with analysts estimating a 7-8% return but cautioning about acceptance ratios and post-buyback stock performance.
Nvidia reported strong quarterly results, exceeding Wall Street expectations with net income of $58.32bn and revenue of $81.62bn, driven by high demand for its AI chips. The company also announced an $80bn share buyback program.
