Strategy buys $176M STRC in sudden pivot from bitcoin

Digital FinanceCorporate Action
โดย Yahoo Finance·GLOBAL·Read original
Summary · why it matters

Strategy has repurchased 176 million of STRC and increased the size of its digital credit securities repurchase program from $1 billion to $2 billion, while still holding 845,050 Bitcoin and $6.5 billion in USD assets. The repurchase aims to push STRC back to par near $100, and the company used its secondary cash reserve rather than diluting shareholders. Meanwhile, Metaplanet shares fell nearly 10% after an option pool review and CEO statement, revealing that the executive pool grew by approximately 273.5 million shares, nearly seven times its original size. In other news, a white-hat hacker exploited a bug in elements, the software underlying Liquid, creating approximately 4,000 LBTC without depositing BTC, and then withdrew nearly 4,000 genuine Bitcoin, about 95% of Liquid's reported reserves. Cronos executed a controversial blockchain rollback to recover crypto worth $111 million, reversing $111.2 million of the exploit and discarding 10,961 blocks. Once-hyped Ethereum rival Harmony wants to shut its blockchain over AI threats, with the remaining organization planning to pivot into an AI video remix economy. A two-key breach could hand control of $91 billion USDT to hackers, as Tether's two-of-three multi-sig setup on Tron poses a risk. Finally, Hunter Biden and his laptop enter the cryptosphere with a new memecoin called Laptop, with a huge part of the pool airdropped to people who lost money on the Trump token.

Impact on stocks 3

Digital Finance & Tokenization± Mixed · 2 stocks
Metaplanet Inc.
3350
▼ NegativeCapitalrelevance

Metaplanet shares fell nearly 10% after an option pool review revealed the executive pool grew by ~273.5 million shares, nearly seven times its original size.

MicroStrategy Incorporated
MSTR
▲ PositiveCapitalrelevance

Strategy repurchased $176M of STRC and doubled its digital credit repurchase program to $2B using secondary cash rather than diluting shareholders.

Consumer Discretionary▲ · 1 stocks

Theme Impact 3

Off-coverage companies 1

TetherPrivate± Mixed
relevance

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