Digital credit products from Strive and Strategy experienced their worst day on record Thursday, with prices plummeting below par values. Strive CEO Matt Cole attributed the declines to a 'leverage liquidation event,' not a deterioration of underlying credit quality, while acknowledging investor concerns about dividend payments.
Strategy's perpetual preferred stock (STRC) dropped nearly 17% below its $100 par value, highlighting a crisis of confidence. Critics liken it to a Ponzi scheme, while market nervousness grows over the company's ability to meet obligations without relying on new capital or selling Bitcoin.
Strategy's STRC preferred stock, offering double-digit yields, is experiencing significant volatility, causing a rift among investors. While some, like Emery Redenius, see it as a stable income source, others, like an anonymous IT worker, feel misled as the stock hits its lowest point since debut.
L'action préférentielle de Strategy (STRC) a chuté à 89 dollars, son plus bas niveau historique, suspendant son programme d'émission continue. L'entreprise a vendu 32 bitcoins pour couvrir les dividendes, mais maintient une réserve de 1,1 milliard de dollars et continue d'acquérir du Bitcoin via des actions ordinaires.
Options traders are building bearish positions around Strategy's (formerly MicroStrategy) preferred STRC stock, which has fallen to a record low. This adds pressure to a key funding tool for Bitcoin purchases, as investors question dividend policy and liquidity.
Strategy's (formerly MicroStrategy) STRC preferred stock is trading at its weakest level this year, impacting its ability to raise capital for Bitcoin purchases. The stock's decline tests investor interest in Bitcoin-linked income products amid Bitcoin's pullback and competition from rival offerings.
Strategy şirketinin son Bitcoin alımları, temettü ödeyen STRC hisselerinde sert düşüşe neden oldu. Yatırımcılar nakit akışı ve şirketin sermaye toplama kabiliyeti konusunda endişeli.
MicroStrategy's perpetual preferred stock (STRC) dropped to near record lows as investors reacted negatively to the company's recent Bitcoin acquisitions. Analysts suggest the market prefers the company use cash for dividends rather than buying more BTC, viewing the acquisitions as an unsustainable path.
La société française Capital B, spécialisée dans la gestion de trésorerie en Bitcoin, lance un instrument de crédit numérique adossé à ses réserves de BTC. Inspiré par les modèles STRC de MicroStrategy et SATA de Strive, ce produit vise le marché européen en promettant des rendements à deux chiffres avec une faible volatilité.
Dünya çapında en çok Bitcoin'e sahip halka açık şirket olan Strategy, düşen Bitcoin fiyatı, gerileyen hisse değeri ve imtiyazlı hisse senedi STRC'nin değer kaybı ile karşı karşıya. Şirketin 'asla satma' ilkesi ilk kez delindi.
Options traders are betting against Michael Saylor's Strategy, with put options outnumbering calls as bitcoin prices decline.
Bitcoin fell roughly 10% from $74,000 to $65,400 after MicroStrategy sold 32 BTC, its first sale since 2022. This move, intended to service dividend obligations, has sparked debate about the company's strategy and its impact on the crypto market.
Czech Senate Speaker Miloš Vystrčil's visit to Taiwan has drawn criticism from China's embassy, reinforcing claims that Beijing aims to eliminate the Republic of China and offers no room for "one China, different interpretations."
Czech Senate Speaker Miloš Vystrčil, on his second visit to Taiwan after six years, met with Legislative Yuan President Han Kuo-yu. Vystrčil asserted that democratic nations like Taiwan and the Czech Republic are not obligated to adhere to China's 'One China principle' and invited Han to visit Prague.
Strategy yöneticileri, son haftalardaki muhtemel satış açıklamalarının ardından 32 BTC satarak 2.5 milyon dolar nakit elde etti. Bu satış, şirketin elindeki Bitcoin miktarının %0.005'ine denk geliyor ve fiyat üzerinde düşüşe neden oldu.
Beijing has strongly condemned Czech Senate President Milos Vystrcil's visit to Taiwan, calling it a "serious interference" in China's internal affairs and demanding "immediate and effective" measures to mitigate its negative impact. The Czech delegation arrived Monday and is scheduled to meet with Taiwanese officials.
Michael Saylor hinted at upcoming Bitcoin purchases by MicroStrategy, days before a crucial shareholder vote on semi-monthly dividend payouts for its STRC preferred stock. The company urges retail investors to vote.
MSTR stock has gained 6.8% YTD, outperforming Bitcoin's 12.5% decline. Preferred securities like STRC also show resilience, indicating investor confidence in Strategy's funding model beyond simple Bitcoin proxy trading.
AI models like Grok, Gemini, Claude, and GPT suggest Michael Saylor's STRC, offering 11.5% annual yield, underpays investors for the risk. They estimate a yield of 15-22% is needed to compensate for subordination, perpetual nature, and lack of operational cashflow, though they may not fully grasp Bitcoin's collateral value.
Build Markets CIO Matt Dines argues investors are mispricing risk for perpetual preferred stocks, citing Strategy's STRC as an example. He highlights the indefinite liquidity and interest rate risks due to the lack of maturity dates. Demand for STRC has surged, with record trading volume as Strategy uses preferred stock to fund Bitcoin purchases.
Strategy's Bitcoin accumulation may slow or stop within a year if its STRC preferred stock issuance cap of $28.3B is reached without extension, unless it expands capacity or uses more common-stock sales.
Strategy (formerly MicroStrategy) uses its perpetual preferred stock (STRC) to fund Bitcoin purchases, creating a mid-month demand pattern. While STRC has accelerated Bitcoin accumulation, institutional researchers warn of long-term sustainability issues due to rising costs and potential negative feedback loops in a bear market.
Bitcoin briefly dipped below $80,000 due to ETF outflows but analysts predict a short-lived decline, citing a structural buying mechanism tied to Strategy's STRC preferred stock that has driven mid-month rallies for three consecutive months.
The 21Shares exchange-traded note gives U.K. investors exposure to preferred shares of top Bitcoin treasury firm, Strategy.
