Digital Credit - Weekly Close (Sep. 25) A grind-higher week for the stack, and a buyback milestone. 👀 @Strategy keeps retiring paper... 🔴 $MSTR • Finished up +3.0% w/w at $158.61. Net mNAV grew from 1.20x vs 1.16x a month ago. • The addition of 950 BTC was announced with the treasury finishing the week with a $7.0B unrealized gain. 🔴 $STRC • Ended at $98.54 (flat w/w), 12.2% effective yield. The $174M repurchase announced this week pushed the buyback program past $1B retired, and short interest is down to 1.9% of float. • Next up: daily dividends go to a shareholder vote on Oct 28, with STRC first in line. @Strive the shorts came back... 🔵 $ASST • Closed -2.2% w/w at $29.44. Net mNAV stood at 2.16x, and the short trade re-loaded: 28.1% of float, 2.3 days to cover. • The $27 warrants expiring Oct 10 remain a potential overhang to watch. 🔵 $SATA • Held par at $100.01 (flat w/w), 13.0% effective yield. Another 1,355 BTC funded by the ATM takes the treasury to 26,355 BTC, +54.5% BTC yield YTD. The SATA short is nearly extinct: 1.6% of float, 0.3 days to cover, still paying 26.5%/yr to stay on. Where digital credit closed, updated daily: