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.