Strategy CFO Andrew Kang resigns as company posts record operating profit
Andrew Kang’s departure comes as Strategy reports $21 billion in quarterly operating income and bitcoin holdings of 848,517 BTC.
MicroStrategy
Strategy, Strive face balancing act between bitcoin buying and preferred stock dividends
The securities have financed purchases of nearly 136,000 bitcoin, opening a funding channel that analysts expect to complement the larger ETF market.
MSCI approves rules that could eject Strategy, Metaplanet from equity indexes
The rules proposed in August would see companies that exist mainly to hold investments as no longer eligible for index inclusion.
Strategy selling hundreds of millions worth of bitcoin raises question about its capital-allocation playbook
First, it was a tiny amount of bitcoin sales; then, the purchase of several thousand BTC; and finally, today, the unloading of thousands of BTC. What’s happening at Strategy?
Bitwise says STRC selloff signals crypto cycle nearing a bottom, not Strategy’s breaking point
Bitwise said STRC’s volatility reflects a late-cycle leverage unwind, with institutions poised to replace Strategy as bitcoin’s biggest buyer.
JPMorgan says Strategy’s bitcoin sales policy adds ‘two-way risk’ to crypto markets
The bank said Strategy’s bitcoin sales policy adds avoidable market uncertainty and should be replaced with equity issuance to build cash reserves.
FBI Director Kash Patel caught sleeping on required disclosure of six-figure MSTR investment: Report
Patel loaded up on BTC-holder MSTR shares but failed to file a timely disclosure, according to a report by nonpartisan news outlet NOTUS.
Michael Saylor teases more bitcoin buying even as Strategy stock continues to fall
The crypto bull shrugged off market skepticism by sharing a chart of the company’s $50 billion stash and teasing that they are going to need more data points.
Too big to fail: Strategy’s $13 billion bitcoin paper loss alone dwarfs hundreds of prominent tokens
Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
Strategy’s yield-generating STRC stock is more correlated with BTC than ever
The tightening correlation undermines STRC’s appeal as a relatively steadier income vehicle.