| Mobile Web

Search results for preferred shares

Crypto

Michael Saylor says \'it needs another color\' as Strategy hints at resuming bitcoin buying

Strategy has not added to its bitcoin holdings for 4 straight weeks, but Chairman Michael Saylor posted a chart of the company’s purchase history and wrote, “It needs another color,” drawing market attention. The firm has disclosed no additional buys in 4 SEC filings since late June. Its latest purchase was 520 BTC in mid-June. Recent filings also highlighted fundraising through MSTR share sales and a larger dollar reserve.

Crypto

Strategy says it can cover interest and dividends even if bitcoin falls for six straight years

Strategy said it can meet its financial obligations under its current capital structure even if bitcoin prices fall for an extended period. It said an internal scenario showed it could fully pay interest costs and preferred share dividends even if bitcoin declines 11.4 percent annually for 5.8 years. The company is also reshaping its financing structure, revamping metrics and joining the Bitcoin Security Consortium backed by $15 million in pledged funding.

Crypto

Strike founder Jack Mallers steps down as Twenty One CEO, merger plan halted

Jack Mallers (잭 말러스) has stepped down as chief executive of Twenty One Capital to focus on bitcoin payments firm Strike, which he founded and runs. His departure also halted a merger plan being reviewed by Twenty One and Strike, CryptoSlate reported. Board member Rafael Zagury will succeed him, and Tether said the handover is being carried out in an orderly way. Twenty One held 43,514 bitcoin valued at about $2.95 billion as of March 31.