Strategy has paused its streak of bitcoin purchases, instead adding $748 million to its USD reserve, bringing the fund to $2.19 billion
Strategy argues MSCI’s proposed crypto holding threshold would be impossible to apply consistently and would "stifle innovation."
The company’s bitcoin mNAV ratio has recovered slightly after dipping below parity last month, but shares remain down more than 80%.
Nasdaq-listed Sequans sold 970 bitcoins, cutting its bitcoin reserves to 2,264 BTC and halving its debt load.
Strategy’s new credit rating & preferred-stock structure could open larger institutional channels, strengthening its BTC buying capacity.
The company's board has approved the creation of a credit facility with a maximum borrowing capacity of $500 million for the program.
S&P put MSTR in the same speculative-grade bracket as Sky Protocol, reflecting shared exposure to liquidity and market-volatility risks.
Achieving its 10,000 BTC target by 2025 would push DDC into the top tier of publicly listed bitcoin treasuries.