<\/p>\n
The price of Bitcoin has dropped again, struggling to contest the US$79K (AU$109K) mark. After making a high of US$82,103 (AU$113,636) a couple of days ago, BTC currently trades for US$78,649 (AU$108,856), a weekly drop of 1.64%.<\/p>\n
Meanwhile, large Bitcoin reserve companies like Strive and Strategy are, for now, pursuing separate goals.<\/p>\n
Strive just bought another 1,375 BTC, which brings its total to 24,531 coins. They spent US$109 million (AU$150.9 million) on the purchase and bought at an average price of US$79,281 (AU$109,749) per BTC. Strive CEO Matt Cole reported that most of the week\u2019s fundraising (about 70%) came from the company\u2019s SATA perpetual preferred stock offering, which grew to almost US$999 million (AU$1.3 billion) in outstanding notional value.<\/p>\n
On the other hand, Michael Saylor\u2019s Strategy once again paused its Bitcoin purchases.<\/p>\n
Strategy\u2019s decision to spend US$176 million (AU$243 million) repurchasing its own preferred shares instead of buying Bitcoin has sparked a debate over how sustainable its increasingly complex capital strategy really is.<\/p>\n
Read also:<\/strong> <\/strong>Liquid Network Hit by $320M Bitcoin Withdrawal<\/strong><\/p>\n Michael Saylor said Tuesday that Strategy had bought back US$176 million of STRC and doubled the authorisation for its digital credit securities repurchase program to US$2 billion (AU$2.7 billion). The company said it held 845,050 BTC and US$6.5 billion (AU$8.9 billion) in USD assets as of 7 September.<\/p>\n The move reflects Strategy\u2019s broader effort to support STRC, a preferred stock offering a 12% annual dividend. The company has said buying STRC below its US$100 (AU$138) stated value reduces future dividend obligations while helping restore the security\u2019s price and liquidity. It ultimately wants STRC to trade near US$100 with sustainable demand from investors rather than relying on company purchases.<\/p>\n Peter Schiff, however, questioned whether that demand exists.<\/p>\n What’s your goal? Even if you push STRC back to $100 you won’t be able to issue more. There clearly is not enough demand at the current 12% dividend. If you sell, the price would drop again and you’ll have to resume buybacks. Just ending the buyback will cause the price to drop.<\/p>\n \u2014 Peter Schiff (@PeterSchiff) September 8, 2026<\/p><\/blockquote>\n His argument goes to the heart of the strategy: if STRC needs repeated buybacks to remain near US$100, Strategy could find itself supporting the very market it hopes will provide it with fresh capital.<\/p>\n That leaves investors watching one key question: can Strategy turn STRC into a self-sustaining funding source, or will it remain dependent on buybacks to keep demand alive?<\/p>\n Read more:<\/strong> <\/strong>Irish Gangs Turn to Bank Vaults to Hide Crypto Keys<\/strong><\/p>\n<\/p><\/div>\n Bitcoin,Microstrategy,Strive#Bitcoin #Slips #79K #Strive #Buys #BTC #Strategy #Skips1788941607<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin fell 1.64% for the week, trading at US$78,649 after a high of US$82,103. Strive bought another 1,375 BTC for US$109 million, taking its total holdings to 24,531 coins. Strategy paused its Bitcoin purchases, instead spending US$176 million buying back STRC preferred shares. Peter Schiff questioned whether genuine demand exists for STRC, sparking debate over<\/p>\n","protected":false},"author":1,"featured_media":12990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[6811,91,285,85,6812,2642,107,5025],"class_list":["post-12989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-79k","tag-bitcoin","tag-btc","tag-buys","tag-skips","tag-slips","tag-strategy","tag-strive"],"yoast_head":"\n\n