SAYLOR WATCH, SEPTEMBER 21 — STRATEGY BOUGHT 950 BITCOIN WITH CASH — THEN SPENT $174 MILLION BUYING BACK ITS OWN PREFERRED

Saylor Watch for Monday, September 21. Strategy’s 8-K says it bought 950 bitcoin between September 14 and 20 for $75.7 million, paid for with cash. It “did not sell any shares under its at-the-market offering program.” Holdings stood at 846,000 bitcoin on September 20.

The bigger check went somewhere else. Strategy spent $174 million buying back 1,771,238 shares of STRC, its own preferred stock. At $12 a share a year, that is about $21 million a year in dividends it no longer owes. On Sunday Saylor posted “A little more orange.” Monday’s filing says a little more orange and a lot more Strategy.

Strategy remains bullish on Strategy. The Saylor in the video is a cartoon, and nothing here is financial advice. {{PRICE_LINE}}