News linked to both this project and an event.
BitcoinTreasuries.NET posted on X platform, stating that Strive's CRO PunterJeff Jeff Walton (@PunterJeff) explained that Strategy's recent sale of 3,500 Bitcoin is actually bullish and helps it buy more BTC. He stated that this will provide more support for STRC and its future growth ability, thereby allowing it to purchase more BTC, and MSTR shareholders should view this positively.
Grayscale Research stated that Strategy sold a portion of Bitcoin last week, which may help reduce financing risk and support Bitcoin price stability. This sale of approximately $216 million increased its USD reserves, expected to cover dividend payment needs for approximately 17 months. Meanwhile, the STRC price rebounded, indicating investors reacted relatively positively to this decision.
BitcoinTreasuries.NET posted on platform X, stating that pre-market trading has commenced, with SATA's price rebounding to near its $100 face value, and STRC slightly recovering to above $90. SATA will distribute its 20th consecutive dividend today, powered by Apyx_fi, offering double-digit yields to all.
Chaitanya Jain, Bitcoin Strategy Manager at Strategy, stated on X that STRC has begun to recover after a brief price dislocation. The company's goal is to drive its long-term gradual return and stabilization in the $99–100 range.He noted that Strategy will achieve this goal through multiple tools, including: a floating dividend rate mechanism, a continuously growing USD reserve, the gradual unwinding of convertible bond structures, share buybacks, and ongoing product feature enhancements.
according to official sources, ASTER has listed STRC (Strategy Variable Rate Perpetual Stretch Prf Shs Series A), supporting up to 3x leverage. Traders can enjoy 1.2x points until July 7, 23:59 UTC.
BitcoinTreasuries.NET posted on X platform, stating that Strategy's Stretch STRC has seen an 11.5-fold increase in average daily trading volume since its launch last year. CEO Phong Le stated that as STRC approaches its one-year anniversary since listing, its market continues to deepen and mature.
According to the official announcement, HTX launched TAC/USDT and STRC/USDT perpetual contracts on June 30, with a maximum leverage of 20x for TAC/USDT and 10x for STRC/USDT.
Binance founder CZ stated that the company's MiCA license application in Greece fully met regulatory requirements before its withdrawal and was close to approval. However, the process was ultimately disrupted due to the intervention of "external political factors."In an interview, CZ mentioned that several countries within the EU had expressed interest in the license, with some even showing a degree of "competitive pursuit." Ultimately, the regulatory progress was affected by factors outside the regulatory sphere, forcing the withdrawal of the application. Binance formally withdrew its Greek application last week and stated it would pursue MiCA authorization in other EU member states. Addressing market rumors linking him to high-level EU political figures, CZ said he had not seen any verifiable documents and had only encountered similar claims online, which he could not confirm.CZ also noted that the MiCA transitional period in the EU is set to end on July 1st. After that date, platforms without a license must cease related services. National regulatory bodies have made it clear there will be no extensions. He described the outcome as a "lose-lose situation" and, citing the regulatory histories of Japan and Singapore, emphasized that compliance processes often require a longer cycle.Furthermore, when discussing Strategy's STRC preferred stock product, CZ described its structure as "too complex" and said he found it difficult to fully understand its mechanism. However, he stressed that he was not making a judgment on the credibility of its founder, Michael Saylor, whom he considers a "staunch Bitcoin supporter." (The Block)
According to the official announcement, Bitget has listed STRC (Strategy Variable Rate Perpetual Preferred Stock) stock perpetual contracts. The contract is settled in USDT, supports up to 20x leverage, and supports 7*24 hour trading. For more details, please refer to the Bitget official platform.
according to an official announcement, BitMart Contracts will launch the STRCUSDT perpetual contract on June 29, 2026, at 19:00 (UTC+8), supporting up to 10x leverage.
law firm Rosen Law Firm has announced an investigation into Michael Saylor's company Strategy (MSTR) and STRC, concerning potential securities law claims. According to the law firm, Strategy "may have issued materially misleading business information to the investing public," and is therefore evaluating related investor losses and potential legal liabilities.
Strive Vice President Joe Burnett posted on X platform, stating that before the Luna/UST collapse, the circulating supply of UST was approximately $18.7 billion, backed by only about $3.1 billion in BTC, and UST could be redeemed instantly.Today, Strategy holds approximately $51.5 billion in BTC, with the outstanding STRC amounting to about $10.5 billion, and STRC cannot be redeemed instantly. There are significant differences between the two.
CryptoQuant suggests Michael Saylor's Strategy should currently pause further Bitcoin purchases and instead prioritize rebuilding its cash reserves, as its dividend obligations have significantly increased, cash reserves have sharply declined, and unrealized losses on Bitcoin are widening.Julio Moreno, Head of Research at CryptoQuant, pointed out that Strategy's preferred stock, STRC, fell to $82.50 last week, a 17.5% discount from its $100 par value, marking its largest historical discount. This pressure stems from the bearish Bitcoin market environment and the company's diminished cash buffer capacity.The report states that Strategy recently repurchased $1.5 billion of its 0% convertible senior notes due 2029, further reducing the cash buffer available to support STRC dividend payments. Meanwhile, the company's cash reserves have declined by 38% since the beginning of 2026.On the other hand, as Strategy issues more STRC to finance Bitcoin purchases, its annualized dividend obligation has risen from approximately $300 million at the start of the year to roughly $1.2 billion currently—a nearly fourfold increase in less than six months. CryptoQuant believes the company should become more selective in its Bitcoin purchases rather than continuing indiscriminate accumulation amid intensifying cash pressures.
According to CoinDesk, STRC—Strategy’s dividend-paying preferred stock—recently fell below its $100 par value, sparking market discussion about the company’s capital structure and solvency. Key timeline events are reviewed below: May 14: STRC closed at $100 on the ex-dividend date; Bitcoin’s price remained above $80,000, yet market stress was already evident. Concurrently, Strive Asset Management announced its competing product, SATA, would adopt a daily dividend mechanism, raising its yield to 13%, further intensifying competitive pressure on STRC. May 15: Strategy announced it would repurchase $1.5 billion of its 2029 convertible bonds at an ~8% discount. The market subsequently noted that the company used its U.S. dollar cash reserves—previously earmarked for dividend and debt servicing—to execute this transaction. May 26: Strategy confirmed its cash reserves were deployed in the bond repurchase, reducing its cash balance to approximately $871 million—enough to cover only about six months of STRC dividend payments, down from its prior target of maintaining roughly 24 months of coverage. June 1: Strategy sold 32 BTC—the first Bitcoin sale since 2022—to demonstrate its ability to support dividend payments via asset sales. Following the announcement, MSTR’s stock price dropped 5.9%.
According to The Block, Alexandre Laizet, Director of Capital B—a French-listed Bitcoin reserve company—said the company is developing a Bitcoin-backed digital credit instrument for the European market, modeled after Strategy’s STRC and Strive’s SATA.
According to official news from Apyx, during the recent Bitcoin decline, as STRC hit its historical maximum drop, the secondary market price of apxUSD fell to $0.90. Throughout the event, the protocol remained solvent, and no bad debts were generated in the Morpho lending market.In response to issues exposed during this stress test, such as inaccurate overnight liquidity and net asset value display, Apyx officially announced Apyx 2.0. This version introduces two independent metrics—redemption value and total collateral value—to eliminate the first-mover arbitrage option associated with NAV-based redemptions.Furthermore, Apyx 2.0 will launch a new RFQ redemption system, allowing approved counterparties to provide redemption execution around the reserve through competitive bidding. The team also officially committed that if apxUSD deviates from NAV by more than 2% in the future, a public status update will be released within 2 hours.
According to The Block, Susie Ward, CEO of Bitcoin Policy UK, publicly criticized Strategy founder Michael Saylor’s promotional video for STRC during an interview at last week’s BTC Conference in Prague, calling it “dishonest” for failing to accurately disclose the product’s risk profile. STRC is a perpetual preferred share offering an 11.25% dividend; Strategy raises funds through its issuance to continuously purchase bitcoin. Ward stated that although she is a staunch bitcoin supporter and also a shareholder of Strategy, she remains cautious about the company’s model of accumulating bitcoin via leverage and equity dilution—arguing that such practices tie bitcoin’s reputation to “fiat games,” with some projects resembling meme coin pump-and-dump schemes.
Odaily News, Susie Ward, CEO of Bitcoin Policy UK and a Bitcoin advocate, stated that although she is also a shareholder of Strategy, she is concerned about the way Michael Saylor promotes STRC, arguing that he has not fully explained the risks of the product.STRC is a perpetual preferred stock issued by Strategy, offering a dividend yield of 11.25%. Strategy raises funds by selling this type of preferred stock and uses the proceeds to continue purchasing Bitcoin, serving its long-term BTC accumulation strategy.Ward stated that when Saylor showcased STRC's returns in a related video, it gave the impression that it was “risk-free,” and she believes this expression is “dishonest.” She is particularly concerned that investors may underestimate the structural risks behind the model of using high-dividend preferred stock financing to purchase Bitcoin.
BitcoinTreasuries.NET posted on X platform, stating that pre-market trading is now open, with both SATA and STRC recovering to near $100 face value. SATA's daily dividend payment will begin in 6 days, supported by Apyx_fi, offering double-digit yields to everyone.
the dividend-backed stablecoin protocol Apyx announced it has temporarily withdrawn most of the protocol's own liquidity during the U.S. stock market closure to protect existing users and ensure fair treatment for all holders.Apyx stated that since STRC cannot be traded over the weekend, the protocol is unable to actively manage exposure or trade the underlying assets. Maintaining normal liquidity could cause a significant deviation between the secondary market price and the net asset value (NAV) of the underlying collateral, potentially benefiting or harming some users.Apyx said it plans to restore liquidity and resume normal market operations before the U.S. stock market reopens on June 8.