Strategy on verge of golden cross, just weeks after bitcoin flashed same bullish signal

“They insist that the details will be provided after they have carried out a soft credit check.”

In this week's Wealth Wise column, a 65-year-old couple was pitched $500,000 in life insurance to cover nursing home care. Financial experts weigh in on the catch.

“Computer science isn’t the ticket to the American dream like people thought it was.”

Michael Saylor’s Strategy, the world’s largest publicly traded corporate Bitcoin holder, bought $22.1 million of the crypto last week while spending nearly nine times as much repurchasing its STRC preferred stock. Strategy bought 267 Bitcoin at an average price of $82,900 between Oct. 12 and Oct. 16, bringing its holdings to 848,517 BTC, worth $64.02 billion at purchase cost, according to a Monday filing with the US Securities and Exchange Commission (SEC). Strategy also bought back 1.94 million shares of its Stretch (STRC) preferred stock for $193.1 million. The latest purchase follows Strategy’s acquisition of 250 Bitcoin for $21.5 million during the week ending Oct. 9, when it also spent $192.4 million repurchasing STRC shares. The company said its board increased the authorization for its digital credit securities repurchase program to $3 billion from $2 billion, leaving $1.16 billion available as of Sunday. The company funded its BTC purchases primarily through $22 million in proceeds from selling 140,872 shares of its common stock, MSTR. It used existing cash to fund the STRC repurchases.

Hoskinson said on X the language will bundle transaction requests with cryptographic proofs. He hasn’t shared a name, specs or a release date.