Strategy Buys No Bitcoin While Making $140 Million in Dividend Payments

Core Insights - Strategy, the largest corporate holder of Bitcoin, paused its Bitcoin accumulation after making $140 million in dividend payments, marking the first halt since July [1] - The company's Bitcoin holdings are valued at nearly $80 billion, coinciding with Bitcoin's price nearing all-time highs [1] - Strategy has issued several types of preferred shares this year, with three offering a 10% annualized percentage yield [2] Financial Performance - Strategy reported a $3.9 billion gain in the fair value of its Bitcoin holdings for the third quarter [3] - The company noted accrued interest on missed dividend payments, totaling $22.4 million and $37.6 million for its STRC and STRD stock, respectively [3] - Strategy's shares increased by 2.8% to $361, with a year-to-date rally of 25% [3] Market Reactions - The prediction market Polymarket showed a significant drop in the odds of a Bitcoin purchase announcement, from over 60% to 1% [6] - Michael Saylor, co-founder and Executive Chairman, indicated the lack of new Bitcoin purchases through social media, referencing a "$9 billion reminder of why we HODL" [5][6] - There was some confusion regarding Saylor's comments, with speculation about unrealized gains in Bitcoin holdings from the second quarter [7]