Michael Saylor · Strategy · Bitcoin · Funding Round · SEC · Cointelegraph
Saylor teases Strategy Bitcoin buying after ending September with STRC buybacks
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Investors will have to wait an extra day to find out if and how much Strategy added to its Bitcoin treasury in the first week of October.
Key facts
- Over the same period, Strategy repurchased about 1.77 million shares of its STRC preferred stock for $176.3 million
- Independent analyst Shanaka Anslem Perera on Saturday noted that Strategy raised $5.41 billion from new common shares in the third quarter and ended the period with 1,666 more BTC than it held
- In his monthly newsletter on Bitcoin and crypto, Perera wrote that Strategy’s SEC filings “allocate 9.5% of the raise directly to bitcoin purchases
- However, any official notification via a filing with the US Securities and Exchange Commission won’t likely come before Tuesday, as federal offices will be closed on Monday for the Columbus Day
Summary
Strategy chair Michael Saylor teased investors watching Sunday for a signal of the company’s recent Bitcoin purchases with the message “There’s always room for more orange,” in a post on X. However, any official notification via a filing with the US Securities and Exchange Commission won’t likely come before Tuesday, as federal offices will be closed on Monday for the Columbus Day holiday. Strategy ended September by spending more than six times its weekly Bitcoin (BTC) buying budget on its repurchases of one of its preferred stocks. Over the same period, Strategy repurchased about 1.77 million shares of its STRC preferred stock for $176.3 million.