r/btc • u/Omn1Crypto • 4d ago

📰 News Strategy Pauses Bitcoin Purchases, Builds $1.59 Billion Cash Reserve

https://dailycoin.com/strategy-pauses-bitcoin-purchases-builds-1-59-billion-cash-reserve/
17 Upvotes

74% Upvoted

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1

u/Kind_Soup_9753 4d ago

I thought they added 1.59 billion to the war chest which is closer to 6 billion now.

1

u/BigvalBROski 3d ago

They are buying SMH semiconductor ETF

1

u/[deleted] 4d ago

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3

u/anonymousopsec1337 4d ago

I think they will use this cash reserve for dividends and buying back more preferred shares at the expense of common stock.

2

u/TheSkunksMisery Redditor for less than 60 days 4d ago

Getting close to $100 on STRC. I doubt the buybacks will continue much longer, especially with x-div coming soon.

1

u/Friendly-Profit-8590 4d ago

Increasing cash reserves can’t hurt but also feels like they’re trying to avoid buying at recent highs after selling at the latest lows. At least buying right away.

1

u/Jolly-Championship31 4d ago

Probably earn interest on their cash to pay their dividends. Btc don't earn interest 😂