🔴 Digital Credit - Weekly Close (Oct. 9)
It was "risk-off" this week for the common, but digital credit did something interesting instead...
@Strategy Recap
• $MSTR: Tumbled -3.5% w/w to $154.34 as BTC pulled back to $82.3K. Net mNAV held at 1.20x, and Monday's filing disclosed another 334 BTC added, taking the treasury to 848,000 BTC.
• $STRC: Advanced +0.2% w/w to $99.66, its highest close since mid-May, with the daily-dividend vote 19 days out. 12.0% effective yield, and another $176M repurchased last week takes cumulative STRC buybacks to roughly $1.45B.
@Strive Recap
• $ASST: Sank -7.4% w/w to $27.80 heading into the warrant deadline: the $27 warrants expire Oct 13, with 16.3% exercised so far and $56.7M of warrant cash in the door. Monday's filing also disclosed a 2,000 BTC buy, the largest weekly add since early June, taking the treasury to 29,462 BTC, +66.7% BTC yield YTD.
• $SATA: Slipped -0.9% w/w to $99.10, its first Friday close below par since mid-September, after $130.5M of new SATA supply hit last week. 13.1% effective yield at this price. The short stays tiny at just 0.3 days to cover, while borrow still costs 25.6%/yr.
Where digital credit closed, updated daily.
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