Last week, Strategy, the globe’s leading corporate Bitcoin holder, paused its acquisition of the cryptocurrency to allocate $140 million for dividend disbursements, as revealed in a press release.
This marked the first hiatus in Bitcoin purchases by the Virginia-based company since late July. At that time, Strategy owned 640,000 Bitcoins valued at nearly $80 billion due to Bitcoin’s near-record price levels.
Throughout this year, Strategy has introduced various preferred share types to secure funding beyond convertible debt and common stock. Among these five issues are three with a 10% annualized percentage yield (APY) dividend rate.
If any dividends are missed by Strategy, some preferred shares will accumulate payouts. According to an SEC filing, accrued interest on STRC and STRD stocks amounted to $22.4 million and $37.6 million for the quarter respectively.
On Monday, Yahoo Finance reported that Strategy’s shares increased by 2.8%, reaching $361. Year-to-date gains have reached 25%, peaking at $450 in July. Additionally on Monday ,Strategy disclosed a $3.9 billion increase in their Bitcoin holdings’ fair value during Q3.
This year saw three weekly updates from Strategy where no new Bitcoins were acquired—two aligning with fiscal quarter ends while Monday’s announcement coincided with Q3 closure
On Sunday Michael Saylor co-founder & Executive Chairman hinted at no further acquisitions via X stating “no new orange dots this week” alongside sharing previous purchase charts
Polymarket traders anticipated another buy indicating market hasn’t fully grasped Strategies’ rhythm Odds dropped drastically from over60%to1%betweenSept30-Oct6 following Saylor’s post
Saylor referenced “$9 billion reminder why we HODL” using popular crypto term meaning hold tightly although unclear some suggested unrealized gains worth mentioning Blockstream CEO Adam Back proposed it related second-quarter disclosures showing unrealized gain of14billion dollars