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Michael Saylor’s Bitcoin machine hits $8 billion cash wall as STRC crashes 25% below par

Strategy, the Bitcoin treasury and enterprise software company formerly known as MicroStrategy, has spent years turning public markets into a funding engine for Bitcoin purchases. That model helped make the company the world’s largest corporate holder of the digital asset. Now, the securities used to power that strategy are flashing stress. The pressure is centered […]

CryptoSlateCryptoSlateOluwapelumi Adejumo27 Jun

Crypto firms race to lock in CLARITY Act rules before the Senate window closes

Some of the largest US crypto companies and advocacy groups are escalating a coordinated lobbying campaign to secure a Senate vote on landmark digital-asset legislation before lawmakers leave Washington for their August recess. The industry’s push for the Digital Asset Market CLARITY Act comes as the Senate confronts a narrowing legislative calendar, and negotiations remain […]

CryptoSlateCryptoSlateOluwapelumi Adejumo26 Jun

Strategy’s Bitcoin bet sinks $12 billion underwater as STRC traders brace for more pain

Strategy’s Bitcoin holdings have fallen roughly $12 billion below their purchase cost, placing the company’s capital-raising model under its sharpest pressure since it accelerated its Bitcoin treasury strategy. The company held 847,363 Bitcoin as of June 21, acquired for an aggregate $64.1 billion at an average price of $75,651. With the top crypto recently trading […]

CryptoSlateCryptoSlateOluwapelumi Adejumo26 Jun