Strategy’s enterprise value dips below Bitcoin holdings as sentiment sours
Strategy's valuation dip highlights the risks of heavy Bitcoin reliance, potentially forcing asset liquidation if BTC prices fall further.
BitMine Immersion Technologies continued adding to its Ethereum stockpile, even as its Bitcoin counterpart Strategy stood pat.
Over the past year, the artificial intelligence trade has become one of the main pillars supporting global risk appetite. However, the Bank for International Settlements (BIS) is now warning that the same spending boom could become a source of financial stress if expected returns fail to arrive.
June 29, 2026, 3:10 pmStrategy has announced a pivot in how it will manage capital moving forward, with sales of Bitcoin, stock buybacks up to $2 billion in its own securities, and raising dividends on its troubled STRC preferred shares to 12%, all on the table according to its 8-K filing with the SEC on Sunday.
June 29, 2026, 2:47 pmStrategy's valuation dip highlights the risks of heavy Bitcoin reliance, potentially forcing asset liquidation if BTC prices fall further.
On June 22, Strategy sold $335.5 million of its own common stock, set aside roughly $300 million of it in cash to bring its reserve up to $1.4 billion, and bought a total of 520 Bitcoin with what was left.
If you can't beat 'em, join 'em.
Michael Saylor’s Strategy unveiled a capital framework allowing Bitcoin sales to fund dividends, a $2.55 billion reserve and buybacks while raising STRC payout to 12%.
The new SDK feature lets developers route payments from Bitcoin balances to recipients in USDC and USDT without requiring users to hold stablecoins.
The Bitcoin treasury firm has approved a framework for "active capital management," its Chair Michael Saylor said in a statement.
Strategy Inc. rolled out a sweeping five-part Digital Credit Capital Framework on Monday morning, authorizing bitcoin sales, boosting its STRC preferred dividend rate, and opening $1 billion buyback programs for both preferred stock and common shares as bitcoin trades around $60,032 per coin at 8 a.m. Eastern time and MSTR shares sit around $82.
Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity.
IBIT's dominance in AUM highlights the growing institutionalization of Bitcoin, potentially influencing market liquidity and investor strategies.