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#strc
Strategy STRC falls to $89, testing its bitcoin funding model
Strategy STRC closed at $89, lifting its effective yield and signaling investors want more reserve cushion behind Strategy's bitcoin funding model.
Strategy CEO Phong Le says bitcoin sales hinge on maths over equity
Strategy chief executive Phong Le told CNBC on Saturday that the company would sell part of its 818,334 bitcoin holding only when doing so proves more accretive to shareholders than issuing equity, outlining two specific conditions that mark a deliberate shift from its long-held refusal to sell.
Strategy STRC reclaims $100 par, opening door for fresh Saylor bitcoin buys
Strategy's STRC perpetual preferred closed at $99.99 on Friday and printed at par after hours, ending a fortnight in which Michael Saylor stayed out of bitcoin. With the security back above its $100 issuance threshold, Strategy's at-the-market funding gate has reopened and weekly purchases could resume as soon as 11 May.
