Strategy | Crypto

Strategy sold $216 million in Bitcoin to fund its dividend payments, as wealth manager Bernstein maintained its year-end Bitcoin price target of $150,000. Michael Saylor's Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its cash reserves. Strategy sold the Bitcoin for $216 million, reducing its total holdings to 843,775 Bitcoin, according to a Monday 8-K filing with the US Securities and Exchange Commission. This included 1,363 Bitcoin sold at an average price of $59,256 between last Monday and Tuesday, and 2,225 Bitcoin sold at an average price of $60,773 between Wednesday and Sunday. Read more

JPMorgan warns Strategy's leveraged Bitcoin accumulation could flip Saylor's firm from buyer to seller. Here's what that means for BTC price targets at $60K, $170K, and beyond. The post Bitcoin Price Prediction: Saylor’s Strategy is a Risk to Bitcoin, According to JP Morgan appeared first on Cryptonews.

Michael Saylor’s Strategy has calmed the immediate panic around its preferred-stock complex, but the company’s latest overhaul points to a more complicated phase for one of Bitcoin’s most visible corporate buyers. Strategy, formerly known as MicroStrategy, announced a new capital-management framework this week after STRC, its flagship preferred stock, fell to a low of $71.25 […] The post Strategy bought time but Bitcoin’s next cycle may need buyers beyond Saylor appeared first on CryptoSlate.

Bitwise’s Matt Hougan said Strategy's STRC offer of high yields and low volatility was always a questionable fit for buying Bitcoin, as the cryptocurrency offers neither. Strategy’s era as the dominant Bitcoin buyer may have come to an end following last week’s STRC turmoil, which cast doubt on the company’s Bitcoin-buying strategy and sent the cryptocurrency to a nearly two-year low, according to Bitwise chief investment officer Matt Hougan. “For years, Strategy has been the most dominant Bitcoin buyer in the world and a one-way source of Bitcoin demand. Those days are likely over,” Hougan said Thursday.  “I just expect it to be a less important figure in Bitcoin in the next cycle than it was in the last,” Hougan said, adding that investment banks, asset managers, pensions, endowments and sovereign wealth funds will likely replace Strategy as Bitcoin’s primary demand driver. Read more

Strategy is a registered US government contractor, though Kash Patel claimed that “no current conflict exists” with his $100,001 and $250,000 worth of the company’s stock that he reported late. Kash Patel, director of the Federal Bureau of Investigation (FBI) , reportedly omitted reporting exposure to Bitcoin treasury company Strategy, in violation of federal law. According to a Wednesday report from the nonpartisan nonprofit news agency NOTUS, Patel “inadvertently omitted” a Strategy (MSTR) investment worth as much as $250,000. The purchase, which Patel conducted on Nov. 21, 2025, wasn’t included in his December 2025 financial disclosures, as required for a government official under the Stop Trading on Congressional Knowledge (STOCK) Act. Source: NOTUS Read more

Bitwise said STRC's volatility reflects a late-cycle leverage unwind, with institutions poised to replace Strategy as bitcoin's biggest buyer.

Bitcoin is entering the second half of the year with its support system, which powered its last rally, under pressure. Data from CryptoSlate shows that the largest digital asset has fallen about 33% this year and more than 50% from its October record high above $126,000, trading near its weakest level since September 2024 at […] The post Bitcoin starts H2 in a bear market as ETFs, Fed and Strategy set $100K-or-$50K test appeared first on CryptoSlate.

Michael Saylor's Strategy is rolling out some major changes to how it handles Bitcoin going forward. And so far, the market likes it.

Strategy (MSTR) shares have lost around 41% of their value in June.

Strategy's preferred stack and Bitcoin's price are facing two separate tests this week, and only one of them has been resolved. The company's Digital Credit Capital Framework centers on a $2.55 billion dollar-denominated reserve, a revised STRC dividend policy, $2 billion in combined buybacks, and a board-authorized BTC monetization program. MSTR rose roughly 6% in […] The post Bitcoin’s $60,000 test is not over after Strategy’s $2.5B STRC backstop appeared first on CryptoSlate.

Strategy (formerly MicroStrategy) shares rose Monday after the Bitcoin holder moved to reassure investors that it can meet its preferred stock obligations, authorizing up to $2 billion in buybacks and opening the door to Bitcoin sales that could fund dividends, interest payments, and repurchases. The company, led by Executive Chairman Michael Saylor, announced a new […] The post MSTR jumps after Strategy says it may sell more Bitcoin to fund dividends and buybacks appeared first on CryptoSlate.

Michael Saylor’s Strategy unveiled a capital framework allowing Bitcoin sales to fund dividends, a $2.55 billion reserve and buybacks while raising STRC payout to 12%. Strategy is adopting a new capital framework that allows it to monetize part of its Bitcoin holdings to fund dividends, build cash reserves and repurchase securities while maintaining its long-term Bitcoin strategy. In a Monday 8-K filing with the US Securities and Exchange Commission, Strategy introduced its “Digital Credit Capital Framework,” which includes a Bitcoin monetization program and changes to its STRC preferred stock dividend policy. The company has raised the STRC annual dividend rate to 12% from 11.5% and authorized separate buyback programs for preferred securities and its Class A MSTR common stock. Strategy said it may sell Bitcoin (BTC) to raise as much as $1.25 billion to increase its cash reserve, pay dividends and debt costs, as well as fund stock buybacks. Read more

Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity.

Grayscale's research head Zach Pandl said Strategy should sell $3 billion in Bitcoin to cover its cash obligations, but CryptoQuant argued the company has other ways to support STRC. Zach Pandl, head of research at Grayscale, said he hopes Strategy will sell at least $3 billion in Bitcoin to cover most of the company’s cash obligations for the next two years. In a Saturday X post, Pandl argued that the move may restore market confidence in the company's capital structure. Contrary to his hopes, Pandl said he expects a 50-basis-point increase to the dividend rate on Strategy’s preferred stock, STRC, adding roughly $100 million in annual obligations over two years. Pandl added that this scenario “probably does not help market confidence.” Read more

Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.

Grayscale's Zach Pandl warns Strategy's $15.5B preferred stack and $1.5B annual dividend load could compel repeated Bitcoin sales, undermining Saylor's accumulation thesis. The post Is Saylor’s Strategy Sat on $1.5Bb Cashflow Problem? Grayscale Think So appeared first on Cryptonews.

Strategy (formerly MicroStrategy) raised $335.5 million by selling common stock last week, then placed almost 90% of the proceeds into cash rather than Bitcoin as the company moved to shore up the preferred securities financing its cryptocurrency purchases. The company sold about 2.71 million MSTR shares between June 15 and June 21 and added $300 […] The post Strategy used $300 million of MSTR dilution to backstop its Bitcoin’s biggest buying machine appeared first on CryptoSlate.

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. Michael Saylor’s Strategy has expanded its Bitcoin holdings and increased its US dollar reserve after its perpetual preferred stock STRC slipped below $90. Strategy acquired 520 Bitcoin (BTC) for $34.9 million between June 15 and Sunday, according to a Monday 8-K filing with the US Securities and Exchange Commission. The purchase was made at an average price of $67,068 per BTC, bringing Strategy’s total Bitcoin holdings to 847,363 BTC. Strategy's cumulative purchases now total $64.1 billion, giving the company an average acquisition cost of $75,651 per Bitcoin. Read more

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. Bitcoin (BTC) has fallen roughly 50% since Michael Saylor’s Strategy launched Stretch (STRC), its flagship Bitcoin-funding vehicle, in late July 2025. BTC/USD monthly chart. Source: TradingView Key takeaways: Read more

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.