Strategy stock slips ahead of Q3 earnings as MSTR trades lower
- —MSTR dropped 1.35% to $143.21 on volume of 5.88 million shares versus a 22.32 million average
- —Strategy's bitcoin holdings stayed at 848,517 BTC with an average cost of $75,446 per coin
- —The company repurchased 2,068,459 STRC shares for about $204.9 million using cash
- —Shareholders approved daily dividend record dates for STRF, STRC, STRK and STRD with 99.3% support
Why it matters: The earnings report will show how Strategy funds bitcoin purchases as its stock slides and preferred dividend terms change.
Source: The Crypto Times