Digital Credit - Weekly Close (Sep. 4)
Both treasuries went shopping: it was announced on Monday that 6,400+ bitcoin:native had been added between Strategy and Strive. This week, the commons stole the attention and kept running. ๐
@Strategy is buying again...
โข $MSTR advanced +12.2% w/w to $142.80. Announced its biggest BTC buy since May, 4,603 BTC at ~$80,318. Net mNAV grew to 1.15x, its richest in six months. ๐
โข $STRC ended at $97.75 (+0.4% w/w), 12.3% effective yield. Another $152M repurchased was announced, bringing their buyback program to a total of ~$635M.
The
@Strive machine kept compounding...
โข $ASST +24.8% w/w to $27.14, bringing net mNAV 2.22x vs 1.81x a month ago. ๐
โข $SATA back above par at $100.01 (+0.3% w/w), 13.0% effective. The ATM funded 1,800 BTC (+8.4% BTC yield in one week) purchase last week and shorts still pay 31%/yr to fight it. Wild...
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