Strategy is back to buying even more bitcoin

00:00 Speaker A

One Michael Sailor strategy adds 334 Bitcoin as pace of buying slows. Okay, it slowed for a week. Calm down. Yahoo Finance.

00:07 Speaker A

Yeah, so the big story here is not that Sailor is once again buying Bitcoin because we've now seen that uh sustained for a few weeks.

00:15 Speaker A

It's they bought 334 for $28.7 million, while also spending over I believe $176 million buying back MSTR. Now we've long discussed how complicated

00:27 Speaker A

the strategy Bitcoin buying and corporate balance sheet game has become, and that is in the spotlight every single week because this is not just simply raise cash and buy Bitcoin anymore. That stopped a very, very long time ago.

00:41 Speaker A

Now it is find creative ways to raise cash and maybe use that cash to buy some of our things while also selling some other things. Well, yeah, you guys get it.

00:51 Speaker A

So the Bitcoin purchase itself was funded from $15.7 million uh from issuing and selling MSTR shares. So a very, very slight bit of dilution, but that's the old model.

01:03 Speaker A

Only 13 million came from strategy's flexible USD cash pool.

01:09 Speaker A

Now, what I said is more interesting is the 176.3 million of MSTR that they bought. They funded this using 154.1 million of their USD cash pile