Strategy (formerly MicroStrategy) plans for its STRC preferred stock to recover by September, aiming to revive financing for its goal of doubling Bitcoin holdings per share within seven years, despite a Q2 loss from digital asset price swings.
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.
Strategy raised $335.5M via stock sales, placing most proceeds into cash to support its preferred securities financing Bitcoin purchases. The move follows a sharp selloff in its STRC preferred shares, highlighting a shift in capital strategy.
Strategy (formerly MicroStrategy) added $100M in Bitcoin, increasing its holdings to 846,842 BTC. This move reignited debate over whether the company is creating or destroying value for common shareholders, as Bitcoin per share metrics declined despite increased holdings.
Strategy, formerly MicroStrategy, has transitioned to a Bitcoin treasury company model, holding nearly 819,000 Bitcoin worth around $65.4 billion.
