strategy

According to The Block, Standard Chartered stated that it maintains its price prediction of Bitcoin reaching $100,000 by the end of 2026. The recent market decline triggered by movements related to Strategy (formerly MicroStrategy) is not due to a deterioration of the company's balance sheet, but rather a failure of the strategic adjustments to be fully understood by the market.Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, pointed out in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the narrative of the company "never selling Bitcoin," but now Strategy seems to be shifting towards a more complex capital operation model. Whether this change can be clearly communicated will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, accounting for over 4% of the total supply of 21 million Bitcoins. Between 2020 and mid-2025, Strategy's mNAV (market value/Bitcoin asset value) has remained above 1, allowing the company to finance Bitcoin purchases through stock issuance and achieve shareholder value growth.The commitment to "never sell Bitcoin" is the core of this model gaining market recognition. However, as the current mNAV approaches 1, the leverage effect of this financing model is weakening. Kendrick believes that Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool," meaning it holds Bitcoin as the credit basis for its perpetual preferred stock STRC.STRC currently has a scale of about $10 billion, making it the largest financial instrument launched by Strategy, with an annualized dividend yield of 12%, paid in cash every half month, and its price maintained around the $100 par value through an interest rate adjustment mechanism. Standard Chartered stated that STRC is currently trading at about $90, while Strategy has a dollar reserve of about $2.55 billion for paying dividends, which can cover approximately 17.4 months of dividend expenses.Kendrick stated that the policy adjustment allowing the sale of Bitcoin does not necessarily mean the company will continue to sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He likened this mechanism to a central bank's commitment to "take action no matter what": restoring market confidence alone may mean that actual intervention might not occur at all.

On June 29, Strategy raised the annual dividend of STRC to 12% and authorized a $1 billion buyback plan, covering four preferred securities: STRC, STRF, STRD, and STRK, with STRC being the initial preferred buyback target.Strategy disclosed that the buyback funds would not come from its approximately $2.55 billion reserves, but may come from the $1.25 billion Bitcoin monetization plan approved during the same period. STRC traded this week at a high of $80, dipping below $85 on some trading days, below the long-term trading target of $99 to $100 set by Strategy. Peter Schiff stated that the price of STRC below $87 indicates that Wall Street is questioning the growth rate of Bitcoin.

According to CoinMarketCap data, publicly listed companies currently hold a total of 1,340,145 bitcoins, accounting for 6.38% of the total bitcoin supply. Among them, Strategy holds 62.96%, ranking first; Others account for 15.45%; Twenty One Capital and XXI each hold 3.25%, Metaplanet holds 3.21%, and MARA holds 2.71%.Against the backdrop of record net outflows from bitcoin ETFs in June, corporate treasury allocations have shown divergence. Data shows that Strategy has recently reduced some of its bitcoin holdings, while Strive's holdings have surpassed 19,800 bitcoins, and mining companies like Riot and CleanSpark continue to increase their positions.

Strategy CEO Phong Le posted on platform X that during the 3 months from April 6 to July 6, 2026, Strategy's Bitcoin holdings increased by 10%, reaching 843,775 BTC.During the same period, Strategy's US dollar reserves increased by 13%, reaching $2.55 billion; year-to-date BTC returns rose from 3.7% to 7.8%, achieving more than double growth.

According to official social media news, Huobi HTX will hold a live debate themed "STRATEGY: The Commitment to Never Sell Coins is Broken: Where Will Institutional Holding Models Go?" today at 20:00. At that time, Shouyi, Maomaojie, Wang Fugui, and DeFi Sniper will represent the affirmative side, while the opposing side will consist of 0824, Mo Cheng, Nika, and Daidai engaging in a clash of viewpoints. Both sides will conduct an in-depth discussion on key topics such as why institutions are beginning to adjust their holding strategies and how market liquidity will evolve, jointly analyzing the new changes and trends in the cryptocurrency market.

VanEck's Head of Digital Assets Research, Matthew Sigel, posted on the X platform that according to the latest 8-K filing submitted by Strategy, the $135 million Bitcoin sale by Strategy last week did not utilize the $1.25 billion BTC Monetization Program limit.This is because the program only restricts sales used to supplement cash reserves, and sales directly used to pay dividends are not included in this limit. Sigel pointed out that this means Strategy's actual Bitcoin selling capacity exceeds the commonly understood $1.25 billion.

CryptoQuant analyst Axel Adler Jr. stated that Strategy recently sold 3,588 BTC, marking the largest recorded Bitcoin sale to date, with the funds used for preferred stock payments and to replenish USD reserves.According to the Form 8-K document he cited, the sale was executed in two batches: from June 29 to June 30, 1,363 BTC were sold at an average price of $59,256, generating $80.8 million; from July 1 to July 5, 2,225 BTC were sold at an average price of $60,773, generating $135.2 million, for a total revenue of $216 million. The funds were used for preferred stock payments and to replenish USD reserves.Axel indicated that this sale differs from the sales made in 2022 for tax optimization, as it is primarily driven by debt obligations and does not represent a change in Strategy's long-term Bitcoin strategy. As of July 5, Strategy still holds 843,775 BTC and $2.55 billion in reserves, with this sale accounting for approximately 0.4% of its Bitcoin reserves.He also pointed out that after the announcement, the Bitcoin futures market positions significantly cooled down, with the Composite Market Index (IMI) dropping from about 80 to 32.6, briefly approaching 20, entering a bearish range; however, Bitcoin prices have largely remained in the range of $61,600 to $64,200, still above the 30-day fair value of $61,800. Analysts believe that the market currently views this sale as passive liquidity management rather than the beginning of a systematic reduction.

Binance announces the launch of a brand new advanced financial product, BTC Yield. BTC Yield is an open-ended yield strategy product priced in BTC, designed specifically for long-term holders who wish to explore potential yield opportunities in Bitcoin without frequent trading.BTC Yield is currently one of the first Bitcoin covered call yield products launched by mainstream cryptocurrency exchanges for both retail and institutional users, reflecting Binance's ongoing expansion from a trading platform to a broader financial super application. Shunyet Jan, head of Binance Exchange and trading operations, stated: "BTC Yield further enriches the product offerings available to users, allowing them to leverage the value of digital assets in more ways. The covered call strategy is already quite mature in traditional financial markets, but direct participation for ordinary investors usually comes with a high barrier to entry. BTC Yield simplifies this strategy, enabling Bitcoin holders who wish to gain potential yields without frequent market trading to participate more conveniently."To celebrate the launch of BTC Yield, Binance Wealth Management is offering a limited-time event, where eligible BTC Yield subscription users will have the chance to share a prize pool of 100,000 USDC.

Court documents from New York State show that William Wood and Thomas Bush have sued entities related to Polymarket and CEO Shayne Coplan, accusing them of incorrect settlement in the "Will Strategy sell Bitcoin before May 31, 2026?" market.The lawsuit states that the 8-K filing submitted by Strategy to the SEC disclosed the sale of 32 BTC during the relevant period, sufficient to prove that the market should settle as "Yes," but Polymarket ultimately determined it to be "No," and was accused of subsequently issuing a "clarification" that changed the criteria for judgment.

According to BBX data, global cryptocurrency concept companies disclosed the latest developments in their digital asset portfolio adjustments and expansions yesterday and in recent days, with the core information as follows:Strategy historic cash-out of $216 million: Strategy Inc. (NASDAQ: $MSTR) submitted a filing to the SEC on July 6, disclosing that it sold 3,588 bitcoins in two batches from June 29 to July 5 for approximately $216 million to pay four preferred stocks and the quarterly/monthly dividends of STRC, and to supplement its dollar reserves to $2.55 billion. The average selling price was about $60,215, which is approximately 20% lower than its historical holding cost. The company's total holdings have now decreased to 843,775 BTC, emphasizing that this was a liquidity management decision and that its bitcoin strategy has not changed.BMNR claims ETH holdings exceed 5.74 million: Bitmine Immersion Technologies (NYSE: $BMNR) announced on July 6 that it spent $74 million in the past week to purchase 42,197 ethers. The company claims its total holdings have risen to 5,742,237 ETH (accounting for 4.8% of the total network circulation, with a market value of approximately $10.3 billion), of which over 4.87 million have been staked through its MAVAN platform. Chairman Tom Lee attributes the continued buying to the increased probability of the CLARITY Act's passage.American Bitcoin increases holdings by 500 BTC: The cryptocurrency mining company American Bitcoin, supported by the Trump family, recently increased its holdings by another 500 bitcoins in the open market. After this acquisition, the company's total bitcoin holdings have officially exceeded 8,000.

According to SoSoValue data, as of 8 AM Eastern Time on July 6, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $10.57 million, a decrease of 27.85% compared to last week.Strategy (formerly MicroStrategy) sold 1,363 Bitcoins for approximately $80.8 million on June 30, at an average price of $59,256, reducing its holdings to 846,000 Bitcoins; on July 5, it sold another 2,225 Bitcoins for about $135 million, at an average price of $60,773, further reducing its holdings to 843,775 Bitcoins.Japanese listed company Metaplanet announced its first investment of $225 million in 10 weeks, purchasing 2,823 Bitcoins at a price of $79,664, bringing its total holdings to 40,177 Bitcoins.In addition, two other companies purchased Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 5 that it purchased 1 Bitcoin, with the specific amount undisclosed, bringing its total holdings to 3,897 Bitcoins; asset management company Strive announced on July 6 that it spent $1.68 million to purchase 17.76 Bitcoins at a price of $64,761, bringing its total holdings to 19,882 Bitcoins.As of the time of publication, the total amount of Bitcoin held by the listed companies worldwide (excluding mining companies) is 1,141,812 Bitcoins, a decrease of 0.04% compared to last week, with a current market value of approximately $70.3 billion, accounting for 5.7% of Bitcoin's circulating market value.

According to on-chain analyst Yu Jin's monitoring, Bitcoin treasury company Strategy (MSTR) sold 3,588 BTC (worth $216 million) last week at a price of $60,197. They currently hold 843,775 BTC (worth $5.2343 billion), with an average cost of $75,476, resulting in an unrealized loss of $11.341 billion (-17.8%).Ethereum treasury company Bitmine (BMNR) purchased 42,197 ETH (worth $6.903 million) last week at an approximate price of $1,636. They now hold a total of 5,742,237 ETH (worth $10.037 billion), with an average cost of $3,386, resulting in an unrealized loss of $9.406 billion (-48.4%).

Michael Saylor stated on the X platform that Strategy has sold 3,588 bitcoins, cashing out $216 million to pay dividends on its digital credit securities. As of July 5, the company's bitcoin reserves have decreased to 843,775 coins, while holding a dollar reserve of $2.55 billion.This is the second public disclosure of a reduction operation by Strategy this year, following the sale of 32 BTC to cover preferred stock dividends from May 26 to 31, and the scale has significantly expanded, reflecting the company's increased reliance on selling part of its bitcoin reserves to maintain its dividend obligations amid pressure on bitcoin prices and growing unrealized losses.

According to market news, Strategy reduced its holdings by 3,588 BTC last week, worth over 220 million dollars, and currently holds 843,775 BTC.

Strategy CEO Phong Le stated in a post that after recently returning to Vietnam, he once again felt the global influence of the United States in terms of freedom, opportunity, and institutional appeal. He likened Bitcoin to the "United States of Currency," believing that Bitcoin attempts to constrain the monetary system with transparent rules rather than human discretion, much like the U.S. Constitution regulates government.He pointed out that Bitcoin, based on its white paper, digital scarcity, and proof of work, provides individuals with property rights protection and value storage options that do not depend on geography, politics, or permission, defining it as a form of "monetary freedom" for individuals worldwide.