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Morning Edition · Tuesday, September 1, 2026Published at 1:55 AM EDT · New York
Strategy Split a $603 Million Share Sale Between Bitcoin and Propping Up Its Preferred Stock
One third of the week's equity raise went to buybacks and dividends on the STRC preferred, and the bitcoin it bought was purchased above the current market level.
Strategy raised $603 million from common-stock sales in a single week and allocated it three ways: $369.7 million to bitcoin, $202.5 million to buybacks and dividends on its STRC preferred shares, and $30 million to cash. The bitcoin purcha…
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Leveraged Bitcoin Treasury Vehicles Show Financing Strain
Over ~3-9 months, Bitcoin treasury companies face mounting financing stress as their funding instruments trade below par on dividend-coverage doubts, testing the sustainability of the debt/preferred-funded accumulation model.
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