Strange behaviour. I thought this cash "reserve" of $2+ b was supposed to be used to pay dividends  to prefered shares holders. Now you use $1b to buy back ordinary shares, you have less cash to do this. Which means, Bitcoin damn well go above $84k so uou can at least sell more Bitcoin to raise cash to pay the coming dividends when the cash reserves dries up.

Either way, all actions are not looking sustainable. MSTR will end up having to sell off their own asset to pay for either dividends or to pay for debts.

Strategy Jumps about 7% as It Unveils $1 Billion Share Buyback Plan as Part of New Capital Strategy

Strategy Inc. has introduced a Digital Credit Capital Framework, which incorporates share repurchase initiatives for up to $1 billion each of its preferred securities and its Class A common shares,...
Strategy Jumps about 7% as It Unveils $1 Billion Share Buyback Plan as Part of New Capital Strategy

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  • whimsie
    ·06-30 18:33
    Who said that cash pile only exists for prefs? I’m still holding — buybacks can lift BTC per share, not automatically a distress signal
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