MicroStrategy

MicroStrategy

Markets

Strategy spends $635M buying back STRC as perpetual preferred stock lags $100 par

STRC trades at $97.34 despite Strategy’s growing repurchases, while SATA’s higher dividend rate has helped it hold its $100 par value.

Strategy Executive Chairman Michael Saylor (Nikhilesh De)

Markets

Strategy cuts net leverage to near zero as cash nearly matches convertible debt

The bitcoin treasury company has built nearly four years of preferred-dividend coverage while continuing to repurchase STRC below par.

Michael Saylor in conversation with CoinDesk's James Van Straten (CoinDesk)

Markets

Strategy sits on $1.4 billion profit on bitcoin holdings as price surges

Strategy’s common stock rose 10% in Friday pre-market trading to $120, the highest level in two months.

Strategy Executive Chairman Michael Saylor addresses Consensus 2026 in Miami.

Markets

Saylor says share buyback isn’t priority as Strategy builds $4.8 billion cash reserve

Strategy is prioritizing STRC, cash reserves, and its credit business over stock buybacks, Executive Chairman Michael Saylor said Monday.

Strategy Executive Chairman Michael Saylor addresses Consensus 2026 in Miami.

CoinDesk News

Strategy builds $4.75 billion cash cushion as only bitcoin isn’t enough for investors

Strategy is holding billions in cash after learning that traditional investors don’t necessarily view its massive bitcoin reserves as a substitute for dollars.

Phong Le

Finance

Solana gets its first Strategy STRC product through Solstice Finance

The Solana vault splits income from Strategy’s preferred stock into a lower-risk senior token and a higher-risk junior token.

Strategy Executive Chairman Michael Saylor (CoinDesk)

Markets

Strategy holds STRC dividend at 12%

Customarily, Michael Saylor and team have lifted the STRC dividend when it trades sizably below par, but not this month.

Michael Saylor

Markets

Strategy books $8.2 billion Q2 loss on bitcoin price decline

The world's largest corporate bitcoin holder says it has built a cash reserve covering more than two years of dividend payments after investors questioned its growing stack of preferred securities.

Strategy Executive Chairman Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)

Finance

Saylor's Strategy raises cash reserves to $3.2 billion, leaving bitcoin holdings unchanged

For the second consecutive week, the firm kept bitcoin holdings steady, choosing to use the raised capital to boost cash for paying dividends on its preferred stock.

Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De/CoinDesk))

Videos

Is the Saylor playbook cracking? Bitcoin's biggest buyer just became a seller

On this episode of CoinDesk's Public Keys at the New York Stock Exchange, Jennifer Sanasie is joined by Two Prime Founder and CEO Alex Blume to discuss Bitcoin's range-bound price action, Strategy's accelerating Bitcoin sell-off, and why he's skeptical of the stablecoin consortium behind OpenUSD that knocked Circle lower. In a taped interview from the NYSE floor, Securitize CEO Carlos Domingo breaks down the company's NYSE debut under the ticker SECZ via a SPAC deal, its more than $400 million raise, and its move to tokenize its own common stock on the Solana and Avalanche blockchains. Plus, Lumida CEO Ram Ahluwalia makes sense of the macro picture — from MicroStrategy's shift from Bitcoin's marginal buyer to marginal seller and the bull case for Hyperliquid, to why he sees non-farm payrolls as "noise" under new Fed Chair Kevin Warsh. - Learn more at https://www.bullish.com/. - Register now for CoinDesk's Policy and Regulation event on September 22, 2026: https://policy-regulation.coindesk.com/. - To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp.

Is the Saylor playbook cracking? Bitcoin's biggest buyer just became a seller