Digital Credit - Weekly Close (Sep. 11)
The credit stack keeps grinding higher while the commons digest.
And there's a new source to follow all things Digital Credit. 👉
@Strategy went on buyback offense...
• $MSTR -8.3% w/w to $130.97, giving back part of the run. Net mNAV held at 1.10x, still above 1.08x a month ago.
• $STRC ended at $98.64 (+0.9% w/w), a fresh multi-month high. Strategy announced that it repurchased another $176M this week, its biggest buyback yet, taking the program past $800M.
@Strive crossed a milestone...
• $ASST +1.8% w/w to $27.62. Net mNAV 2.37x, and BTC yield YTD is now +46.7%.
• $SATA $99.75 (-0.3% w/w), 13.0% effective yield. SATA notional crossed $1B as the ATM printed $92M and funded 1,375 more BTC. The pref shorts capitulated: 2.9% of float short, down from 8.1%, with 0.6 days to cover.
Where digital credit closed, updated daily: