The stock price of Strategy increased by about 2.54 per cent on Monday, to around US$ 95.40. The company disclosed that bitcoin had not been purchased or sold between 10 August and 16 August and that the holding stock was at 840,447. This means that the suspension has been extended until the eighth week.
Hold the hold.
Strategy's last increase took place from 15 June to 21 June, when 520 bitcoins were purchased at a cost of $34.9 million. Since then, the company has not added new purchases and has begun to sell part of the holding stock to cover preferential dividends and to replenish the United States dollar reserve.
According to the data in the paper, Strategy has sold 6,948 bitcoins since May, with a cash balance of approximately $432.5 million. The market value of its current warehouse, at about US$ 53.4 billion, is about US$ 10 billion lower than the cumulative purchase cost, at approximately US$ 63,500 bitcoin. The difference is still an unrealized loss and will be converted to actual losses only upon sale.
The dollar reserve rose to $4.8 billion.
Corporate disclosures revealed that an additional $149.1 million had been placed in United States dollar reserves and that the balance had risen to $4.8 billion as at 16 August. This part of the fund is mainly for dividends of priority and interest on outstanding debt.
At present, Strategy still has $653 million available under the Priority Unit Repurchase Plan, while the MSCR General Unit Repurchase Authority retains full space of $1 billion. According to the article, the company continued to raise part of its funds through the issuance of general shares for reserve, dividends and securities buy-backs.
The market's concerned about when to repurchase the money.
Peter Schiff, who had long-term visions of bitcoin around this funding arrangement, again criticized the company as sacrificing the interests of MSTR shareholders in support of STRC holders. However, this claim belongs to his personal evaluation and is not a proven result.
The article also mentions that the average target value of Wall Street analysts for MSTR for the 12 months was US$ 275.46 and ranged from US$ 130 to US$ 570. Next, the market is more concerned about Strategy’s disclosure next week of whether the moratorium will remain or whether it will resume later this year, as CEO Phong Lee said earlier.
