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Bitcoin posted a solid September gain while stocks stumbled and gold sank, yet a handful of smaller coins left it completely in the dust. The forces behind that surprise rotation could either spark a lasting altcoin season or collapse the moment the Fed steps in again.
Strategy (NasdaqGS:MSTR) shifted 3,568 BTC, worth nearly US$300 million, out of its wallets within several hours. The rapid transfer involved a concentrated move rather than small routine transactions, according to wallet activity tracked on-chain. The size of the shift represents a meaningful slice of Strategy's corporate Bitcoin holdings, which anchor its treasury profile. This sudden 3,568 BTC relocation sits alongside other features of Strategy's setup that our wider research has...
Michael Saylor says he wants Bitcoin rival Strive to succeed. Here's what Strategy gains, and where the pitch gets harder.
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The proposal covers STRF, STRC, STRK and STRD, with dividends accruing daily and paid on the next business day.
The $75.7 million purchase was funded from cash, while Strategy also bought back preferred shares and covered financing costs.
The treasury company retired preferred shares at a discount while leaving its 845,050-BTC holdings unchanged for a second week.
The Bitcoin treasury company preserved its 845,050-coin position while using cash to repurchase discounted preferred shares.