Strategy to Restart Bitcoin Purchases

Strategy, as the company holding the most Bitcoin on its balance sheet, expects the nominal value of STRC shares to return to $100 for new purchases. Once this condition is met, it plans to restart its Bitcoin accumulation. CEO Phong Le stated in an interview with Bloomberg on July 15 that Bitcoin purchases would resume after STRC regains its nominal value. Increasing dollar reserves is seen as an effective method to grow the amount of Bitcoin per share. It is crucial for the company's capital plan to establish a dollar reserve large enough to cover dividend payments. In recent weeks, Strategy has focused on maintaining cash liquidity, having not made new purchases since June 22, and sold 3,588 Bitcoin between June 29 and July 5. During the seven-day period from July 6 to July 12, it generated approximately $467 million in net income from common stock sales. This resource raised the company's dollar reserves to about $3 billion. TD Cowen analyst Lance Vitanza considers this a sign that management has begun implementing its capital distribution plan. Vitanza notes that the current approach focuses more on strengthening the balance sheet than on expanding Bitcoin assets in the short term.

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