Every Zipp story tagged #ShareBuyback, newest first.
With no new BTC purchases and no ATM share sales in the latest reporting week, Strategy's aggressive $2B buyback expansion signals confidence in its balance sheet rather than urgency to accumulate.
The 25% figure is a ceiling, not a commitment, and repurchased shares land in treasury first where they could be reissued under the equity plan. Anti-dilution depends on how much gets cancelled.
The dual move stacks more ETH per share on the corporate treasury while shrinking float, a textbook combination for a DAT amplifying its per-share NAV.
The treasury added $100M of Bitcoin yet per-share stack growth halved, exposing the gap between headline holdings and the metric Strategy itself invented to sell the thesis.
The board is spending up to HK$100M of balance-sheet cash on a repurchase mandate that runs through the next AGM — a confidence signal from a publicly listed crypto exchange operator.
WuBlockchain
CryptoSlate
TheBlock