$STRD

MicroStrategy, rebranded as Strategy, has adjusted its Bitcoin policy, now allowing sales to cover cash obligations but promising to buy back more than it sells. According to The Block, Strategy sold 1,638 BTC in July-August for $104.7 million, funding dividends and share repurchases. Saylor aims to buy 10-30 BTC for every one sold. Strategy's stock (MSTR) is down over 50% in 12 months, trading like a leveraged Bitcoin bet.

Bitcoin (BTC) fell below $83,000 and Ethereum (ETH) dropped under $2,600 as Treasury yields rose, causing a crypto market sell-off. Crypto-related stocks like MicroStrategy (MSTR) and Bitmine Immersion (BMNR) also declined. Analysts Ali Martinez and Michaël van de Poppe noted potential buy signals for Bitcoin.

Strategy Inc (MSTR) reaffirmed a 12% annual dividend rate on its preferred stock. Its share price fell 6.79% to $153.37, despite a 90-day return of 63.35%. Analysts suggest it may be 13% overvalued at a fair value of $136.00, citing Bitcoin-driven risks and funding challenges. However, its P/B ratio of 1.9x is lower than peers, indicating potential for rerating.

Bitcoin (BTC) fell 3% to $83,000, causing liquidations of $696M. Coinbase (COIN), Robinhood (HOOD), and Strategy (MSTR) stocks declined. Analysts note low trading volume and potential for further moves if BTC stays below $81,000 or rises above $85,500.

Strategy Inc (MSTR) shares fell 5.0% to $156.36 as Bitcoin declined, impacting the company's stock due to its large crypto holdings. Bitcoin dropped toward $83,000-$84,000 amid rising oil prices and geopolitical tensions. MSTR's stock was also technically vulnerable, with momentum indicators flatlining and moving averages slipping.

Stock futures are lower after record highs for the S&P 500 and Nasdaq. Constellation Brands (STZ) shares fell 5% post-earnings, despite beating estimates. SpaceX (SPCX) seeks $40B to buy Nvidia (NVDA) chips. Bitcoin and crypto stocks are down, with COIN, HOOD, MARA, CRCL, and MSTR declining.

Strategy spent $176.3M on STRC share buybacks and $28.7M on 334 Bitcoin in early October. The company has prioritized defending STRC's $100 peg, spending 3.3x more on buybacks than Bitcoin. STRC's average buyback price has risen, reducing the discount advantage. MSTR shareholders helped fund the peg defense. Strategy holds 848,000 BTC, with a $20.91B gain in Q3. Shareholders will vote on daily dividends for STRC on October 28.

StoneX analyst Mark Palmer discusses Strategy's (MSTR) recent actions, including buying back $176M in Stretch (STRC) compared to $29M in Bitcoin. He explains the role of the $4.9B USD Reserve and why the company won't raise the Stretch dividend rate. Palmer also details why StoneX cut its MSTR price target to $435.

Strategy Inc (MSTR) reported a 76.1% Q3 return, outperforming Bitcoin (40%) and the S&P 500 (3.9%). The company's P/S ratio is 107.87, much higher than its historical median of 6.34. Insiders sold $46.4M in shares over the past year, while guru activity is mixed. MSTR's GF Score is 57, indicating moderate financial health with weaknesses in growth and profitability.

MicroStrategy (MSTR) CEO Phong Le stated the company aims to outperform Bitcoin (BTC) in bull markets. In Q3, MSTR reported a 76.1% return, compared to Bitcoin's 40% and the Nasdaq-100's 42.2% gain, according to the company.