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Strategy (NASDAQ: MSTR) is likely revving its BTC buy engine back up after taking a brief hiatus from its 13-week purchase streek.
What's the Scoop?
- Missed Buy: This Monday, Strategy failed to announce a new BTC buy executed during the week prior, marking an end to its unrelenting 13-week accumulation streak that began late December of last year.
- Hold the Line: Strategy’s STRC perpetual preferred stock has now traded above its $100 liquidation threshold for two consecutive days, affording Strategy the ability to sell STRC and raise new capital to buy bitcoin.
- Ex-Dividend Drop: Until yesterday, STRC had traded below its $100 liquidation threshold since March 13, effectively shutting Strategy out of raising capital through this channel. The drop coencided with the instrument's ex-dividend day, the day which buyers are no longer eligible for the next dividend payment. STRC's next ex-dividend day is expected to occur on April 13.
- Estimated Size: According estimates from STRC.live, a dashboard that attempts to track the amount of money raised through STRC in real-time, Strategy generated enough proceeds from STRC yesterday to purchase an 1,085.94 BTC. Shortly after noon ET today, the implied daily buying power from STRC stood at 173.44 BTC.
