Crypto
El Salvador’s Bitcoin reserve faces an accounting reckoning under new IMF pressure
Its 7,696 BTC reserve now has to remain legible through a drawdown, wallet scrutiny, and program conditions.
Liam 'Akiba' Wright 7 min read
Strategy News
Follow Strategy news, including Bitcoin treasury moves, corporate buying activity, earnings, and updates tied to its BTC-focused strategy.
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Analysis
Michael Saylor’s Bitcoin machine hits $8 billion cash wall as STRC crashes 25% below par
Strategy's STRC slump has raised concerns about the financing model that helped turn the company into the world’s largest corporate Bitcoin holder.
Digital Asset Treasuries
Strategy’s Bitcoin bet sinks $12 billion underwater as STRC traders brace for more pain
Strategy still holds more than $50 billion of Bitcoin, but weaker securities and rising funding costs are leaving it with fewer attractive ways to keep buying.
Latest Strategy News & Analysis
Analysis
Saylor’s STRC Bitcoin machine is turning shareholders into its cash backstop – causing a dilution trade-off
The company is rebuilding a reserve depleted by a $1.5 billion debt repayment as rising preferred dividends shift more of the burden onto MSTR shareholders.
Analysis
Strategy used $300 million of MSTR dilution to backstop its Bitcoin’s biggest buying machine
The company diluted MSTR shareholders to reinforce preferred-stock payments after STRC’s record decline exposed pressure within its capital structure.
Market
Bitcoin’s ‘digital credit’ yield trade breaks below par as margin calls hit $10 billion market
STRC and SATA's first major selloff showed how quickly that trade can crack under margin pressure.
Analysis
Strategy’s STRC draws bearish options bets as it falls to new all-time low
STRC’s record low has sharpened scrutiny of the company’s dividend runway and its ability to keep funding Bitcoin purchases
Digital Asset Treasuries
Strategy’s $10 billion STRC Bitcoin yield product sinks to yearly low as market demands higher payout
STRC was built to trade near $100, but its drop toward $92 is testing one of Michael Saylor’s key funding channels.
Trading
Strategy bought $100 million more Bitcoin but critics say MSTR shareholders now own less of it
Strategy’s latest purchase lifted its holdings to 846,842 BTC, but the company’s BTC Yield fell to 12.5% after another round of common stock sales.
More Strategy News Headlines
Analysis
Strategy sold 32 BTC to pay dividends – But the real risk is what happens if it has to sell more Bitcoin
Analysis
Strategy selling? Saylor’s Bitcoin transfer to Coinbase puts his treasury model under cash pressure
Digital Asset Treasuries
Strategy has put Bitcoin sales on the table for repurchases – but will it affect BTC price?
Banking
