mstr

Jiang Zhuoer stated that MicroStrategy (MSTR) currently holds approximately $55 billion in Bitcoin assets, corresponding to an annual dividend expenditure of about $1.7 billion for its STRC preferred shares, which theoretically could cover about 32 years of dividend needs by selling BTC. STRC is a preferred stock rather than a debt instrument, so there is no traditional pressure for mandatory repayment. From a financial structure perspective, MSTR does not face "forced liquidation-style leverage risk" or short-term repayment crises.However, the related statements reflect that market concerns about its long-term cash flow and the volatility of crypto assets are rising. Currently, STRC has shown significant discount fluctuations, and its refinancing ability is limited. In addition, MSTR has recently relied more on methods such as issuing common stock to increase its BTC holdings (which may dilute the per-share Bitcoin amount when mNAV is below 1), and this strategy is difficult to sustain in the long term.Jiang Zhuoer indicated that even if the actual scale of MSTR selling BTC to pay dividends is relatively small compared to the entire market, its symbolic significance may be more important, potentially putting pressure on market confidence and causing investors to reassess the possibility of "long-term passive selling of coins." The market's understanding of this structure is not consistent, and this cognitive difference itself may become an important factor influencing expectations and sentiment.

According to BBX data, ahead of the FOMC meeting yesterday and under the dual catalyst of the US-Iran agreement, the sentiment for cryptocurrency concept stocks has significantly warmed up. The core dynamics are as follows:Strategy, Inc. (NASDAQ: $MSTR) rose 3.18% to $123.97 on June 15, marking one of several days of recovery; Bitcoin rose to about $64,000 during the same period, but there remains about a 15% discount compared to the company's average price of $75,680 for 843,738 BTC. The company's most important balance sheet action recently came from the SEC 8-K on May 25: repurchasing $1.5 billion in face value convertible bonds maturing in 2029 for about $1.38 billion in cash (completed at about an 8% discount to face value), reducing the convertible bond stock from $8.2 billion to $6.7 billion, generating a BTC Yield of 0.7% and a BTC Gain of about 4,391 BTC; as of May 25, USD reserves were $871 million, and the company stated it would "supplement reserves over time based on market conditions"; since the beginning of 2026, the cumulative BTC Yield is 13.3%. Phong Le (CEO): This transaction "reflects the discipline of using comprehensive capital management tools in debt management"; Saylor previously stated that Strategy still had assets covering all debts when BTC fell to $8,000, implying resilience in extreme scenarios.Coinbase Global, Inc. (NASDAQ: $COIN) was listed by CoinGape in a June 15 research report as one of the "three cryptocurrency concept stocks to watch" ahead of this week's FOMC (the other two being $MSTR and $BMNR); currently, BTC is about $64,000 and ETH is about $1,660, with the market pricing a 97.4% probability of no interest rate hike at the FOMC on June 17 (2.6% for a rate cut, 0% for a rate hike); the significant US-Iran agreement (over the weekend of June 14-15) has driven a comprehensive rebound in risk assets, with a sharp drop in oil prices easing inflationary pressures, providing additional support for the recovery of sentiment in the cryptocurrency market—if the FOMC dot plot does not show unexpectedly hawkish signals, Coinbase's prediction market and institutional custody business are expected to benefit from the dual improvement in trading volume and asset scale brought about by the recovery of BTC trends.

According to the 8-K document submitted by Strategy to the SEC, the company purchased 1,587 bitcoins at an average price of approximately $63,024 from June 8 to June 14, 2026, totaling about $100 million, with funding sourced from the MSTR stock ATM program.During the same period, the company sold 1.7326 million shares of MSTR common stock through the ATM, raising approximately $209 million. As of June 14, 2026, Strategy held a total of 846,842 bitcoins, with a total holding cost of approximately $64.07 billion and an average price of about $75,656.

According to the 8-K document submitted by Strategy to the SEC, the company purchased 1,550 bitcoins at an average price of approximately $65,332 from June 1 to June 7, 2026, totaling about $101.3 million, with funding sourced from the MSTR stock ATM program.As of June 7, 2026, Strategy has accumulated a total of 845,256 bitcoins, with a total holding cost of approximately $63.97 billion and an average price of about $75,680.

According to the 8-K document submitted by Strategy to the SEC, the company sold 32 bitcoins at an average price of $77,135 from May 26 to 31, totaling approximately $2.5 million, with the proceeds used to pay preferred stock dividends.During the same period, the company sold 801,994 shares of MSTR common stock through the ATM program, raising approximately $128.3 million.As of May 31, 2026, Strategy held a total of 843,706 bitcoins, with a total holding cost of approximately $63.87 billion, at an average price of about $75,699.

Michael Saylor posted on the X platform, stating that CFTC guidelines promote the development of the Bitcoin capital market, including around-the-clock trading, BTC collateral, perpetual futures, options, and regulated access. This will benefit BTC holders, support the MSTR engine, and facilitate the development of STRC as Bitcoin-backed digital credit.

Strategy CEO Phong Le stated in an interview with Fox Business that the company purchased $1.6 billion in Bitcoin during the second week of May, which is more than the total holdings of most Bitcoin treasury companies in a week.Phong Le mentioned that the current Bitcoin price is attractive, and the company will continue to buy Bitcoin. Although there may be short-term sales of some Bitcoin due to reasons such as utilizing unrealized tax losses, the long-term strategy is to continuously net increase Bitcoin holdings and focus on enhancing the number of Bitcoin per share.He views Bitcoin as "digital capital," believing it is superior to traditional stocks, bonds, and gold, and emphasized that the company will pass Bitcoin earnings to shareholders, similar to the operating model of Real Estate Investment Trusts (REITs).

Michael Saylor stated that currently about 100 million people have exposure to BTC through MSTR common stock, and he indicated that the Strategy has become the largest stock issuer in the United States.

Strategy CEO Phong Le stated that in the first quarter of 2026, 13 of the top 15 institutional shareholders of Strategy increased their holdings in $MSTR, with a total increase in holdings of 27%.

According to the Form 144 document recently disclosed by the U.S. Securities and Exchange Commission (SEC), Strategy Inc. Executive Vice President Andrew Kang acquired 5,597 shares of the company's Class A common stock on May 18 through the vesting of restricted stock. This batch of shares was sold on May 19 at an average price of $165.78 per share, with a total transaction value of approximately $927,866.The document notes that part of the proceeds from this sale will be used to pay tax obligations arising from the settlement of equity awards. The transaction was executed under the 10b5-1 trading plan adopted by Kang on May 2, 2024.According to SEC regulations, company insiders can disclose planned sales in advance through Form 144. Kang currently serves as the Executive Vice President of Strategy Inc.

According to Bitcoin.com, Strategy Executive Chairman Michael Saylor recently published an article explaining the low volatility positioning of STRC as a Bitcoin-related investment tool.STRC is Strategy's perpetual preferred stock, with an annual dividend yield of 11.5%, paid in cash monthly, and the dividend rate is adjusted monthly to encourage trading close to the $100 par value and reduce price volatility. Saylor stated that STRC is a credit product designed for income, stability, liquidity, and principal protection, backed by the company's Bitcoin and USD assets, with a preferred stock structure that is more scalable and durable than debt.Strategy proposed to change the STRC dividend payment frequency from once a month to twice a month (on the 15th and at the end of the month), with the total annual dividend remaining unchanged, aimed at stabilizing the price, suppressing cyclicality, and enhancing liquidity. Saylor used a metaphor to distinguish the three: STRC is a passenger plane, BTC is a fighter jet, and MSTR is a rocket ship. Strategy currently holds 818,334 Bitcoins, accounting for about 3.9% of the total supply of 21 million. STRC has reached a scale of $8.5 billion within nine months.

UBS Group purchased 551,121 shares of Strategy stock for $98 million, increasing its total holdings to 6.31 million shares, valued at approximately $1.12 billion.

Switzerland's largest bank UBS Group recently purchased 551,121 shares of Strategy stock MSTR, valued at approximately $98 million. Currently, the group holds a total of 6.31 million shares of MSTR stock, with a total holding value of about $1.12 billion.

According to market news, Strategy ($MSTR) CEO Phong Le recently stated that Bitcoin will become a global digital reserve asset within the next 10 years, with importance comparable to the US dollar. He predicts that governments around the world will hold Bitcoin by then, and Strategy will become the largest holder of Bitcoin globally.

The Alberta Investment Management Corp, under the Canadian government, disclosed its first purchase of 1.38 million shares of Strategy (MSTR), valued at $219 million. This institution is one of the largest institutional asset managers in Canada and has allocated BTC-related assets for the first time.