Strategy Ditches BTC for STRC as Senate Votes on Clarity Act
Michael Saylor's Strategy has opted to buy back its own STRC preferred shares instead of adding more BTC, signaling a shift in priorities. In two weeks, Strategy purchased $139 million worth of STRC shares while holding onto its 845,050 BTC. The move comes ahead of the Senate vote on the CLARITY Act, which could reset the regulatory map for Bitcoin.
The CLARITY Act's cloture vote is set to take place at 2:15 p.m. EDT today (September 15), and the outcome will likely impact BTC more than any single corporate treasury decision this week. The current Bitcoin price stands at $76,800, down -1% on the day.
Analysts are divided on the potential outcomes of the vote, with some predicting a bullish scenario if cloture passes, while others foresee a bearish outcome if it fails outright. In either case, BTC is expected to experience significant volatility in the coming days.