Author: CryptoPress

First Liquidation Since 2022: Strategy Inc. offloaded 32 BTC for approximately $2.5 million, marking its first net sale of the asset since a tax-loss harvesting maneuver in late 2022. Funding Dividends: The liquidation was executed to fund upcoming distributions for the company’s preferred stock program, designed to maintain a stable par value for income-focused investors. Market Reaction: The disclosure triggered a sharp market drawdown,...

First Liquidation Since 2022: Strategy Inc. offloaded 32 BTC for approximately $2.5 million, marking its first net sale of the asset since a tax-loss harvesting maneuver in late 2022. Funding Dividends: The liquidation was executed to fund upcoming distributions for the company’s preferred stock program, designed to maintain a stable par value for income-focused investors. Market Reaction: The disclosure triggered a sharp market drawdown,...

MicroStrategy has retired $1.5 billion in aggregate principal of its 0% Convertible Senior Notes due 2029, executing the buyback at an 8% discount to par.The company utilized $1.38 billion from its dedicated USD cash reserve for the transactions, drawing the balance down to $871 million without liquidating any bitcoin.Parallel equity and preferred stock offerings generated enough capital to acquire an additional 24,869 BTC, pushing the total...