
Michael Saylor’s Strategy buys another 520 BTC for $35 million, adds to USD reserve despite STRC slide
Strategy's total holdings account for more than 4% of the 21 million bitcoin supply cap — worth around $55 billion.

Strategy's total holdings account for more than 4% of the 21 million bitcoin supply cap — worth around $55 billion.
On Sunday, the executive chairman hinted at another major Bitcoin acquisition by posting a tracker chart of the company's holdings.

STRC fell to $82.50 and SATA into the low $90s in a session. The issuers blame a leverage flush. Inside the first stress test of Bitcoin digital credit.

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.

The popular CEO also weighed in on the hot topic of Strategy and its controversial STRC.

This week’s crypto stories cut across market structure, adoption, sentiment, and policy. STRC’s sharp drop stress-tested Saylor’s bitcoin credit machine, UNI rallied on fresh long-term optimism, and Latin America extended its lead in stablecoin use for payments. Ethereum also came under fire from critics, calling it a lost-decade asset, while Illinois approved a new crypto […]
Saylor says Strategy reserves top debt by $48 billion, but STRC trades below par as traders debate the funding model.


Strategy co-founder Michael Saylor has defended the company’s Bitcoin-backed capital strategy after its STRC preferred stock fell well below its $100 par value and triggered fresh criticism from market participants. According to a June 20 X post by Saylor, Strategy’s…

Bitcoin’s emerging digital-credit trade broke below its promise of calm this week. This week, Strategy’s STRC preferred shares fell as low as $82.50 before rebounding, while Strive’s SATA slid from around par into the low $90s and also recovered. Both products had been sold into the market as income instruments built around Bitcoin treasury companies, […]

Ali Martinez has cautioned that Strategy’s STRC structure may amplify financial stress in a prolonged Bitcoin bear market, citing similarities to the feedback loop seen in Terra-Luna’s collapse in 2022. In a June 19 X post, Martinez argued that STRC…

The June 19 event highlights the need for stricter risk management in digital credit markets to prevent leverage-induced sell-offs.
Digital credit survived its first test as STRC fell below par, while Bitcoin network activity hit multi-year highs.
Analysts were cautious that potential remedies to resolve STRC depeg could negative affect BTC and MSTR values.

Cryptoquant CEO Ki Young Ju has warned that BTC’s biggest threat is not a crash but “boredom,” arguing a years-long sideways grind would expose the danger in Michael Saylor’s STRC preferred-stock machine. The Boredom Thesis Ki Young Ju, chief executive of analytics firm Cryptoquant, has reframed the bear case in a way that cuts against […]

The disastrous day for Bitcoin firms' preferred equity offerings may have been due to unwinding of leveraged positions in STRC and SATA.
Strategy’s bold financial experiment has become a primary source of anxiety for the cryptocurrency market.

STRC, Strategy's perpetual preferred stock, traded as low as $82.61 on June 18 before recovering to $88.59, putting the security nearly 17% below its $100 stated amount at the intraday low. MSTR fell 3.4% to $112.53 during the same session, while Bitcoin traded near $62,730, down about 2.5%. Strategy designed STRC to hover around $100 […]

The rapid recovery highlights the digital credit market's resilience but underscores the volatility and risks associated with leveraged investments.
MicroStrategy’s STRC preferred stock dropped to a record low on Thursday, closing well under its $100 par value and weakening a key channel the company uses to raise cash for Bitcoin (BTC) purchases. The slide has renewed concern that Strategy may sell more Bitcoin to fund the stock’s dividend. The firm holds about 846,842 BTC.