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Thursday, October 1, 2026The Morning Brief →Sign in
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Michael Saylor

In PWD coverage since August 18, 2026 · 4 stories
PWD coverage
adoption

Strategy's bitcoin buys are capped by its preferred dividend load

The $76 million bitcoin buy is what the preferred dividend and the stock price leave over, making the corporate-treasury bid a financing output rather than a price call.
adoption · Sep 21Strategy's bitcoin buys are now the residual of its preferred stack
adoption · Aug 31Strategy's bitcoin return rests on a two-sided balance sheet
adoption · Aug 18Strategy hoards $4.8 billion as bitcoin treasury playbook shifts
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