Topic

Preferred stock buybacks

Repurchases by an issuer of its own preferred shares, often below stated value, to retire the shares and the dividends owed on them.

Current clusters

invest3 publishers

Strategy put more money into buying back STRC preferred than into bitcoin last week

Strategy spent $151.7 million retiring STRC preferred in the week to September 27, more than the $142.7 million it paid for 1,665 bitcoin. MSTR stock sales paid for most of both, so common shareholders are now paying to shrink the company's preferred stock.

Publishers:cointelegraph.comcryptobriefing.comdecrypt.co

Perspective Coverage

3 publishers

Builder: Builder 5%
Operator: Operator 28%
Investor: Investor 67%

Reality

Evidence80
Adoption: Insufficient
Hype gap+5
Incentives60
Confidence78

invest3 publishers

Strategy's $139 million preferred buyback captured about $2.7 million of discount to par

Strategy's second straight week of buying its own preferreds cost $139.3 million and captured roughly $2.74 million of discount to the $100 stated value. The cash pool that funded it held $1.30 billion on September 13.

Publishers:cryptobriefing.comcryptopolitan.comdecrypt.co

Perspective Coverage

3 publishers

Builder: Builder 3%
Operator: Operator 17%
Investor: Investor 80%

Reality

Evidence72
Adoption: Insufficient
Hype gap+15
Incentives55
Confidence70