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.
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.
A hawkish stance from the Federal Reserve, signaled by updated rate projections and commentary from Chair Kevin Warsh, led to a sharp market reaction, with crypto majors falling 1%. Illinois became the first state to pass a direct crypto tax, a 0.2% levy on digital asset transactions set to take effect in 2027.
Michael Saylor, executive chairman of Strategy, stated that Bitcoin (BTC) does not require staking or yield mechanisms, arguing that returns should be generated through financial products built around BTC. He outlined a "Digital Asset Stack" with Bitcoin as the base for credit, money, yield, and equity structures, emphasizing its role as "pure digital capital."
Strategy (formerly MicroStrategy) added $100M in Bitcoin, increasing its holdings to 846,842 BTC. This move reignited debate over whether the company is creating or destroying value for common shareholders, as Bitcoin per share metrics declined despite increased holdings.
MicroStrategy a acheté 1 587 BTC supplémentaires entre le 8 et le 14 juin 2026, portant son total à 846 842 BTC. L'entreprise augmente également ses liquidités en dollars à 1,1 milliard, tout en utilisant ses avoirs en Bitcoin comme collatéral pour des produits de crédit.
MicroStrategy acquired 1,587 Bitcoin for $100 million, funded by selling MSTR stock. The purchase occurred while BTC traded below the company's average cost basis of $75,656. MicroStrategy now holds 846,842 BTC.
MicroStrategy acquired 1,587 Bitcoin for $100 million, funded by selling MSTR shares. The purchase occurred while BTC traded below the company's average cost basis. MicroStrategy now holds 846,842 BTC.
MicroStrategy, sous la direction de Michael Saylor, a vendu 32 BTC, rompant avec son mantra "never sell". Saylor justifie cette décision comme une nécessité pour son nouveau modèle économique basé sur l'émission de produits financiers adossés au Bitcoin.
Michael Saylor, executive chairman of Strategy, defended the company's recent Bitcoin sale, stating it's necessary to issue 'digital credit.' He explained that Bitcoin treasury companies must be able to sell holdings to support dividend-paying securities and Bitcoin-backed credit products, calling digital credit a "trillion-dollar opportunity."
Michael Saylor, Executive Chairman von MicroStrategy, brach sein Mantra "Verkaufe niemals deine Bitcoin" und verkaufte 32 Bitcoin. Dies verunsicherte Anleger und führte zu einem Kursrückgang von etwa zehn Prozent.
Bitcoin rebounds to $63.5k after a brief dip below $60k, ZEC surges 50% on Ironwood proposal, SpaceX prepares for a $75 billion IPO, and Congress advances 7 crypto tax bills.
JPMorgan analistleri, Strategy'nin 32 adetlik Bitcoin satışının yatırımcı korkusunu artırdığını belirtti. Nakit rezervlerinin yeniden büyütülmesi ve Clarity Act'in yasalaşmasının 2026'da yükseliş için kritik olduğu vurgulandı.
Options traders are betting against Michael Saylor's Strategy, with put options outnumbering calls as bitcoin prices decline.
Michael Saylor advocates for Bitcoin's integration into traditional finance, emphasizing corporate and credit-market adoption over spot ETF exposure, as institutional demand faces pressure from market sell-offs and outflows.
Bitcoin's recent 12% decline is attributed to multiple factors including Strategy's sale of 32 BTC, geopolitical tensions, and significant ETF outflows. Despite the sale's minor impact on supply, it symbolically challenged the narrative of corporate permanent buying, particularly for Strategy, known for its accumulation strategy under Michael Saylor.
Michael Saylor attributes Bitcoin's recent 22% drop to a capital rotation towards AI development, citing over $4.3 billion in Bitcoin ETF outflows since May 14. MicroStrategy shares also fell 15% in five days.
MicroStrategy's Bitcoin holdings have fallen into significant paper losses, totaling $11.2 billion, renewing scrutiny of Michael Saylor's treasury model. The company's preferred stock also declined, complicating future funding for Bitcoin acquisitions.
Crypto markets experienced a sharp downturn, with Bitcoin falling below $67k and significant ETF outflows. Senators Sanders and Warren urged the Labor Department to block crypto in 401(k)s, citing risks. Coinbase Ventures invested in Ethena's ENA token, while the US sanctioned Iranian crypto exchanges.
Michael Saylor's sale of 32 BTC was deemed a "classic market behavior" by Tom Lee, president of Bitmine Immersion. Lee stated this sale represented a tiny fraction of MicroStrategy's holdings and was pre-planned. He also noted that recent ETF outflows are typical of market cycles, not a sign of fundamental weakness.
Bitmine CEO Tom Lee stated he disagrees with Michael Saylor's "worrying" comments on Bitcoin sales, noting Saylor is only acting on previous statements and still holds 99.9% of his Bitcoin. Lee also dismissed concerns over ETF outflows, calling them typical "bottom-selling" during bear markets. Bitmine continues its Ethereum accumulation strategy, recently buying 26,000 ETH.
Bitcoin fell 3.7% to $69,300 after MicroStrategy sold 32 BTC, its first sale since 2022. NEAR and WLD led altcoin gains, while a dispute arose over a Polymarket bet resolution. Charles Schwab targets 2027 for crypto trading.
Strategy founder Michael Saylor has sold Bitcoin worth $2.5 million, breaking a long-standing "never sell" pledge. This move, while small relative to the company's holdings, signals a shift in strategy amid market pressures and ETF outflows, causing a dip in Bitcoin and Strategy's stock price.
MicroStrategy, déjà le plus grand détenteur de Bitcoin au monde avec plus de 843 000 BTC, pourrait annoncer de nouveaux achats suite à un tweet énigmatique de son PDG Michael Saylor.
