Guavaxf3006
06-30

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.

Circle Crashes 17.55% — Is Bitcoin Below $60K a Buying Opportunity?
Circle plunged 17.55% today after Stripe, Visa, and BlackRock jointly backed a new open USD stablecoin, directly challenging Tether and Circle's USDC for market dominance. The stablecoin sector had only just attracted renewed enthusiasm following regulatory clarity via the CLARITY Act — now major incumbents are building competing products, dealing a frontal blow to Circle's moat. Is this selloff an overshooting opportunity to buy the dip, or the beginning of a fundamental shift in the sector's leadership thesis?
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Comments

  • whimsie
    06-30
    whimsie
    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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