Saylor says Wall Street credit investors wanted cash, not bitcoin, behind STRC
- —STRC, yielding 12%, fell below its $100 target to about $75 in early summer
- —Strategy repurchased roughly $1.5 billion of STRC to bring it back near par
- —The company now holds about 3.5 years of dividends in cash
- —Saylor: a 70% BTC / 30% cash mix is sturdier than 98% BTC
Why it matters: Strategy's shift toward a cash buffer to satisfy credit investors could slow the company's pace of new bitcoin purchases.
Source: BeInCrypto DE