Strategy is holding billions in cash after learning that traditional investors don’t necessarily view its massive bitcoin reserves as a substitute for dollars.
The Solana vault splits income from Strategy’s preferred stock into a lower-risk senior token and a higher-risk junior token.
Customarily, Michael Saylor and team have lifted the STRC dividend when it trades sizably below par, but not this month.
The world's largest corporate bitcoin holder says it has built a cash reserve covering more than two years of dividend payments after investors questioned its growing stack of preferred securities.
BlackRock IBIT And MicroStrategy Show Two Very Different Ways To Accumulate Bitcoin - Read the full analysis.
Strategy Pauses Bitcoin Buying As Cash Reserve Hits $3.225B - Read the full analysis.
For the second consecutive week, the firm kept bitcoin holdings steady, choosing to use the raised capital to boost cash for paying dividends on its preferred stock.
First, it was a tiny amount of bitcoin sales, then it was the purchase of several thousand BTC, and finally, today, the unloading of thousands of BTC. What's happening at Strategy?
Bringing Strategy's preferred shares back to $100 is key to restarting Strategy's capital engine, the bank said, with repeated management actions expected to support both preferred and common shareholders.
Bitwise said STRC's volatility reflects a late-cycle leverage unwind, with institutions poised to replace Strategy as bitcoin's biggest buyer.
The bank said Strategy's bitcoin sales policy adds avoidable market uncertainty and should be replaced with equity issuance to build cash reserves.
Patel loaded up on BTC-holder MSTR shares but failed to file a timely disclosure, according to a report by nonpartisan news outlet NOTUS.
The crypto bull shrugged off market skepticism by sharing a chart of the company's $50 billion stash and teasing that they are going to need more data points.
US Bitcoin ETFs recorded $696.3 million in outflows as Bitcoin slipped below $60,000, lifting year-to-date losses to $4.6 billion.
Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
Bitcoin’s trek into new 2026 lows continued as spot BTC ETF outflows, a bearish monthly options expiry and Strategy’s unrealized losses widened its gap with AI-connected stock returns.
Anchorage Digital’s latest analysis shows Bitcoin options traders remain defensive as near-term uncertainty persists, though markets are not pricing an extreme downside scenario for Strategy.
The tightening correlation undermines STRC's appeal as a relatively steadier income vehicle.
An early miner says Strategy's stock mNAV has fallen to 0.72, near the level that marked the last cycle's turn, and that bitcoin historically bottoms about six months after that signal.
Bitcoin drops toward new 2026 lows as spot BTC ETF outflows and slowing accumulation from Strategy weigh on market sentiment.
Strategy's cash reserves are now enough to pay only 14 months of dividends from the previous seven-year level. CryptoQuant said the company should pause Bitcoin purchases and rebuild its reserves.
Strategy’s cash reserve is down 38% as dividend obligations near $1.2 billion, raising dilution risk for MSTR shareholders.
CryptoQuant says the cash cushion behind Strategy's STRC has thinned from seven years of coverage to 14 months, and buying BTC at cycle tops has left the company with a $10.6 billion paper loss.
The Swedish health-tech company moved closer to becoming one of Europe's largest publicly traded Bitcoin treasury firms after shareholders approved a key condition for its planned acquisition of two Norwegian investment companies.
Michael Saylor’s Strategy boosted its USD Reserve to $1.4 billion and added 520 Bitcoin, funded through $335.5 million in MSTR share sales.
STRC’s slide below par has emboldened critics, slowed Strategy’s Bitcoin buys and sparked debate over whether Michael Saylor’s BTC flywheel is still fine.
From a bond buyback and dwindling cash reserves to a bitcoin bear market, the sequence of events that turned STRC's par-value challenge into a marketwide debate.
Bitcoin bears hold the upper hand in the upcoming Bitcoin options expiry, a potentially early warning that more BTC downside could unfold.
Options traders are building bearish positions around Strategy's (formerly MicroStrategy) flagship preferred STRC stock after the security fell to a record low, adding a new layer of pressure to one of Michael Saylor’s main funding tools for buying Bitcoin. Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, known by the ticker STRC, closed Wednesday […]
The post Strategy’s STRC draws bearish options bets as it falls to new all-time low appeared first on CryptoSlate.
The slide has paused the above-par share sales Strategy uses to fund bitcoin purchases, and it is the same stock whose dividends forced the company's first BTC sale this month.