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12:11
Michael Saylor's MicroStrategy increases cash reserves to $2.55 billion
Michael Saylor's MicroStrategy has increased its cash reserves to $2.55 billion, an amount sufficient to support payment of STRC dividends. (The Bitcoin Historian)
12:10
Strategy surged over 7% before market open
Golden Ten Data, June 29 — Strategy shares surged rapidly before the U.S. market open, now up over 7%. Previously, Strategy announced a stock buyback plan of up to $1 billion in Class A common shares.
12:09
Michael Saylor: Strategy will remain prudent in the use of stock issuance for financing
Odaily reported that Michael Saylor posted on the X platform stating that Strategy ($MSTR) will remain disciplined when raising funds through stock issuance, especially when the stock price is close to or at 1x market net asset value (mNAV). He emphasized that Strategy will not excessively rely on equity financing when valuations are weak or close to net asset value in order to avoid unnecessary dilution of the shareholder structure and to maintain long-term capital stability.
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