Every Zipp story tagged #BTCTreasury, newest first.
BTC Yield is sliding, Metaplanet trades below its coin hoard, and the funding shortcut that turned treasury companies into a $100B trade is now the reason the trade is breaking.
Only the third BTC sale in Strategy's history, and the first that meaningfully tests whether management will offload bitcoin to defend dollar liquidity rather than simply topline MSTR's stack.
Saylor argues BTC appreciation above 3.3% can fund STRC dividends indefinitely, a structural claim that reframes how investors should price MicroStrategy's preferred-share dividend risk.
The headline is the $8.32B Q2 loss, but the more consequential read is that Strategy appears willing to sell into a weak tape to defend STRC's 12% dividend, removing the largest corporate bid from a…
The sale is the first sizable disposition since MicroStrategy rebranded as Strategy and lands at roughly 20% below its average cost basis, a fact bitcoin treasury watchers will weigh against prior…
The sale funds dividends on Strategy's STRF, STRE, STRK, STRD, and STRC preferred tranches, not a treasury rotation, but it shatters the company's 'only buys' narrative.
The preferred-stock panic is paused, but Galaxy Digital and Bitwise say the next Bitcoin cycle depends on banks, advisers and sovereign funds replacing Saylor as the defining marginal buyer.
The pace slowed from earlier quarters, but the bid stayed consistent. With 43,000 BTC now on the books, the Japanese corporate-treasury playbook keeps compounding.
The market is now pricing the entire Saylor enterprise below the bitcoin it holds, a level that turns new share issuance structurally dilutive and forces the treasury playbook to lean on debt,…
Garlinghouse called the discount a damning indictment of leverage-heavy accumulation, the sharpest public attack yet from a major crypto CEO on the strategy that defined institutional BTC buying.
The mark-to-market hit on 844,000 BTC exceeds the market caps of Dogecoin, Cardano, Chainlink and dozens of other projects, concentrating more drawdown in one public company than in entire ecosystems.
The détente ends a shareholder fight tied to CEA's BTC-treasury pivot and gives the company's largest backer a formal seat at the table.
The drop leaves the largest corporate Bitcoin holder trading under triple digits while still sitting on a multi-billion unrealized gain at its $75,651 average buy price.
The prescription breaks with how Saylor has run the company since 2020: STRC's $82.50 print, 14-month dividend coverage, and a $10.6B unrealized loss make the buy-anything posture look unsustainable…
Dividend coverage on STRC preferred has collapsed from over seven years to roughly 14 months as issuance scales; the read is that the treasury flywheel is starting to grind against its own…
The call lands as Strategy's dividend obligations climb and its cash buffer has thinned, raising the cost of every additional BTC added at the top of the cycle.
The ATM-funded add brought the corporate BTC treasury to 847,363 coins at an average cost of $75,651, with the average purchase price on this tranche ($67,068) running 11% below that cost basis.
The 11% discount to par has paused the at-the-market share sales Strategy uses to buy bitcoin — the same instrument whose dividends forced the company's first BTC sale in early June.
Operating profit nearly quadrupled and revenue climbed — the headline loss is a paper mark-to-market hit, not an operating failure, but it still dwarfs the entire quarter's revenue.
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