Strategy's Q3 profit reached $19.53 billion as Bitcoin gains lifted earnings. STRC daily dividends start in November, while CFO Andrew Kang steps down.
Strategy raised its preferred-stock buyback plan to $3 billion after repurchasing $193.1 million of STRC. Its Bitcoin purchase was much smaller at $22.1 million.
MSCI's final non-operating company rules put Strategy and crypto treasury stocks at risk of index removal. The final list is due November 11.
Strategy seeks an October 28 vote on daily dividends for STRC, STRF, STRK and STRD. Annual obligations stay unchanged, with business-day settlement.
Strategy sold 1,638 BTC for $104.73 million, using the proceeds for preferred dividends and STRC buybacks as its USD Reserve reached $4 billion.
Strategy reported an $8.22 billion Q2 net loss from Bitcoin fair-value accounting, while its holdings reached 843,775 BTC and its USD Reserve grew to $3.75 billion.
Strategy raised $263.5 million through MSTR sales, made no Bitcoin purchases and reported a $3.225 billion cash reserve in a July 20 filing.
Strategy sold 3,588 BTC for about $216M to fund preferred-stock distributions, cutting its reserves to 843,775 BTC as Saylor's treasury model faces a new test.
Strategy's bitcoin premium came under pressure as MSTR and STRC fell, turning Michael Saylor's preferred-stock funding machine into the market's stress point.
Bitcoin slid near $65,700 as U.S. spot bitcoin ETFs posted heavy outflows and Strategy disclosed a 32 BTC sale, turning fund-flow pressure into the market's main story.
Strategy bought 24,869 more bitcoin and now holds over 4% of the total supply, turning the corporate Bitcoin race into a live market story.
SEC Chair Atkins says Congress nears a crypto market structure bill on SEC vs CFTC roles. Bitcoin slipped as Strategy disclosed a $2.13B buy.