Michael Saylor says Strategy aims to make STRC the world's best credit instrument after the company sold bitcoin to help fund preferred stock distributions

Strategy chief Michael Saylor pushed a social media message of "working better" in his Sunday morning tease of a pending announcement of a Bitcoin purchase just days ahead of a…

The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy's preferred stock.

Michael Saylor broke his silence after the market learned of Strategy’s 32 BTC sale and its $2.5 million in proceeds. His focus on STRC raised fresh

The move suggests a greater willingness on the part of Michael Saylor and Strategy to use BTC holdings to support the capital structure, said one analyst, while others disagreed.

Michael Saylor says Strategy aims to make STRC the world's best credit instrument after the company sold bitcoin to help fund preferred stock distributions

Michael Saylor's Strategy Bitcoin (BTC USD) sale: Michael Saylor's publicly traded Strategy sells Bitcoin for the first time since 2022, raising $2.5 million to fund preferred…

Strategy sold 32 BTC for $2.5M to fund STRC dividends. MSTR fell 7%, BTC dropped, and crypto X debated the precedent.