strategy

Binance will launch bStocks tokenized securities trading pairs: AMDB/USDT, EWYB/USDT, INTCB/USDT, and MSTRB/USDT on June 23, 2026, at 21:30, and will enable spot algorithm trading robot services. Deposit and withdrawal services will open on the same day at 22:30, with zero order fee during the event, until September 1, 2026, at 07:59.

According to the "Science and Technology Innovation Board Daily," at the 2026 Volcano Engine Force Conference, ByteDance officially released the latest flagship version 2.1Pro of the Doubao large model. Tan Dai, President of Volcano Engine, stated that the model has made breakthroughs in four dimensions: code delivery, long-range Agent tasks, multimodal understanding, and enterprise-level stable operation, possessing stronger engineering delivery capabilities and being capable of handling complex R&D tasks for enterprises. At the conference, ByteDance CEO Liang Rubo also emphasized that the company will focus on enhancing large model capabilities and firmly invest in MaaS (Model as a Service) business.The report pointed out that ByteDance's AI strategic focus is clearly shifting towards enterprise-level services. Currently, the daily token call volume of the Doubao large model has reached 180 trillion, an increase of over 1500 times since its release, and has grown more than 10 times in the past year. However, due to the bottleneck in monetization on the consumer side and high expenses (with daily computing costs reaching tens of millions and daily revenue below one million), ByteDance has accordingly adjusted its resource allocation. Meanwhile, the video generation model Seedance, primarily aimed at the B-end, has validated its commercialization potential, with current annual recurring revenue (ARR) reaching 2 billion dollars, effectively offsetting Doubao's computing costs. In addition, the new version of Seedance will also be the first in the industry to launch a 3D white membrane preview feature.

According to The Block, Benchmark Equity Research reiterated its buy rating on Strategy (MSTR) and maintained its target price of $570. This target price still has about a 406% upside compared to Friday's closing price of $112.53.Although Strategy's perpetual preferred stock STRC experienced a significant sell-off last week, dropping to around $83, Benchmark analyst Mark Palmer stated that STRC is not a stablecoin and does not have a Terra/Luna-style reflexive mechanism. Its essence is a perpetual preferred stock, backed by over 847,000 bitcoins (approximately $55 billion) held by Strategy.Palmer believes that the decline of STRC is not a "de-pegging," but rather a reset of the market's required yield. The company currently has about $1.4 billion in cash reserves, which can flexibly support dividend payments. Benchmark views this sell-off as a stress test of its financing model, rather than a structural deterioration.

According to on-chain analyst Yu Jin's monitoring, Strategy (MSTR) holds a total of 847,363 BTC, with an average cost of $75,651, resulting in an unrealized loss of approximately $9.093 billion (-14.2%); BitMine (BMNR) holds a total of 5,672,956 ETH, with an average cost of $3,407, resulting in an unrealized loss of approximately $9.32 billion (-48.2%).

According to SoSoValue data, as of 8 AM Eastern Time on June 22, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $86.03 million, a decrease of 13.97% compared to last week.Strategy (formerly MicroStrategy) spent approximately $34.9 million last week to purchase 520 Bitcoins at a price of $67,068, increasing its total holdings to 847,363 Bitcoins.The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking nine consecutive weeks without purchases.Additionally, four other companies purchased Bitcoin last week. The Japanese food brand DayDayCook announced on June 17 that it spent $7.43 million to purchase 95 Bitcoins at an undisclosed price, bringing its total holdings to 2,899 Bitcoins; the Brazilian Bitcoin company OrangeBTC announced on June 21 that it invested $1.15 million to purchase 18 Bitcoins at a price of $64,121, increasing its total holdings to 3,822 Bitcoins; the asset management company Strive announced from June 15 to June 21 that it spent $49.98 million to purchase 759 Bitcoins at a price of $65,850, raising its total holdings to 19,864 Bitcoins.As of the time of writing, the total amount of Bitcoin held by the global listed companies (excluding mining companies) in the statistics is 1,142,276 Bitcoins, an increase of 1.87% compared to last week, with a current market value of approximately $7.417 billion, accounting for 5.7% of the circulating market value of Bitcoin.

According to The Block, payment company MoneyGram has become a validator on the Solana blockchain and joined the Solana Developer Platform, officially entering the Solana ecosystem. Solana is the third public blockchain where MoneyGram operates as an official validator, having previously operated validators on Tempo and Midnight Network.MoneyGram CEO and Chairman Anthony Soohoo stated that serving as a validator allows MoneyGram to stake SOL, process transaction blocks, and contribute to the security and performance of the Solana network. Joining the Solana Developer Platform enables it to gain tool support for building and issuing financial products alongside institutions like Mastercard.

Founder of Strategy, Michael Saylor, posted on the X platform stating that Strategy has increased its dollar reserves by 300 million dollars to 1.4 billion dollars and plans to continue replenishing reserves to support the credit quality of its digital credit securities.At the same time, Strategy purchased 520 BTC for 35 million dollars, increasing its BTC reserves to 847,363 coins.

Strategy founder Michael Saylor has once again released information related to the Bitcoin Tracker and stated, "Looks better with more dots."According to previous patterns, Strategy always discloses information about increasing Bitcoin holdings the day after relevant news is released.

According to Cointelegraph, Bitcoin has dropped about 40% since Strategy launched the Bitcoin financing tool STRC. STRC has fallen below the $100 par value, sparking discussions in the market about the sustainability of Michael Saylor's Bitcoin "flywheel" model. Strategy currently holds over 846,000 BTC, but the recent buying pace has noticeably slowed. Data shows that the company increased its holdings by 1,550 BTC worth approximately $101 million in the week ending June 8; in the week ending June 15, it added another 1,587 BTC worth about $100 million. In contrast, in April 2026, it bought 34,164 BTC in a single week, amounting to $2.54 billion, indicating a significant decrease in recent capital inflows.Meanwhile, Strategy previously sold 32 BTC to meet dividend obligations. Although this amount is small compared to its overall holdings, the market believes this indicates that when STRC's financing efficiency declines, the company's cash flow pressure may increase. STRC was originally designed as a preferred stock tool trading close to the $100 par value, attracting investors through dividend adjustments and helping Strategy raise funds to purchase Bitcoin. Currently, the STRC price has fallen to a historical low, having once dropped to $82.53, and then closed at $88.59, about 13% below par value. Critics argue that the STRC price falling below par value means that Strategy's financing channels are under pressure.Long-time Bitcoin critic Peter Schiff described STRC as "like a typical centralized Ponzi structure," believing that the model relies on continuous financing or selling Bitcoin to maintain operations. Crypto trader DonAlt also questioned STRC's recent performance, stating that its trading behavior resembles a "Ponzi structure." However, some analysts believe that the decline in STRC is more due to leveraged liquidations rather than a deterioration in Strategy's fundamentals. STRC had previously maintained a price around $99 to $100, attracting investors to use leveraged trading, and the price falling below this critical level triggered forced liquidations, exacerbating the decline.Analyst Scott Melker pointed out that STRC's current yield has actually increased due to the discount. Since dividends are calculated based on a $100 liquidation preference, if the STRC price is $90, the 11.5% annualized dividend corresponds to an actual yield of about 12.8%; if the price drops to $85, the yield could exceed 13%. Strategy is expected to announce the next STRC dividend adjustment on June 30. The market is currently focused on whether STRC's discount will persist and whether Strategy's model of relying on capital markets for financing to continue increasing BTC holdings can remain stable.

Pioneer of crypto punk Adam Back stated that the market's negative view on Strategy and its preferred stock STRC lacks basis, as what Strategy is essentially doing is selling Bitcoin to pay dividends, without changing its Bitcoin reserve strategy, and is precisely "proving that it is possible to pay returns to investors through Bitcoin while reducing debt ratios."Adam Back further pointed out that Strategy is demonstrating a new financial model to the market, where Bitcoin may become an alternative asset to cash for corporate asset management and capital operations in the future, while the FUD sentiment surrounding MSTR and STRC is exaggerated. Strategy will not "go to zero," and its long-term value lies in continuously holding Bitcoin and promoting the market's understanding of Bitcoin's monetary properties.

Michael Saylor posted a review of Strategy's Bitcoin strategy journey, stating that in October 2022, when he gave a related speech, the price of Bitcoin was around $20,000. At that time, Strategy held 130,000 BTC, valued at approximately $2.6 billion, and the stock price of MSTR (after stock split adjustment) was about $24. A few weeks later, Bitcoin fell below $16,000, and the company's debt once exceeded the total value of BTC and cash reserves of about $300 million, with MSTR's stock price also dropping to around $13 by the end of 2022. Strategy then insisted on executing the Bitcoin strategy, strengthening company operations, and continuously financing to invest in BTC.Since 2022, the company has raised over $60 billion in new capital, which has been used to purchase Bitcoin, increasing its holdings by over 716,000 BTC. Currently, the value of BTC and cash reserves held by Strategy is approximately $48 billion higher than the company's debt, and it will continue to adhere to a long-term strategy in the future.

The variable rate perpetual preferred stock STRC issued by Strategy recently closed at $89, with an intraday low of $88.51, marking a recent low and a year-to-date decline of approximately 10.7%. STRC has a par value of $100 per share, and the current price is at a discount of about 11% to that benchmark.According to the official website of Strategy, the current annualized dividend yield for STRC is 11.50%, and this rate can be adjusted monthly. The company previously stated that its goal is to maintain the trading price of STRC close to the $100 level.

Bitcoin continues to be under pressure amid macro uncertainty and institutional funds' wait-and-see sentiment, with prices hovering around $64,500, down about 2% for the day. The market is awaiting the results of the Federal Reserve FOMC meeting, which will be chaired by Kevin Warsh for the first time, with widespread expectations that interest rates will remain unchanged in the range of 3.5% to 3.75%. Analysts point out that the focus of this meeting has shifted from "whether to cut interest rates" to "policy path and inflation signals." Current U.S. inflation is still considered to be at a near three-year high, and changes in energy prices and geopolitical situations have kept the market cautious about future policy directions. On-chain and institutional pressure is showing synchronized signs.Concerns surrounding Strategy (formerly MicroStrategy) continue to ferment, with its preferred stock STRC dropping to $91.79 on June 16, over 8% below its par value of $100, seen as a signal of weakened corporate Bitcoin buying power. Although the spot Bitcoin ETF recorded a net inflow of about $10.1 million on June 16, with BlackRock's IBIT contributing the main increment, the scale of funds is still significantly lower than in previous phases, indicating limited buying momentum. Market research firms Bitfinex and QCP point out that Bitcoin's recent rebound is more of a "technically driven recovery due to exhausted selling pressure," rather than driven by new demand.In the derivatives market, implied volatility for options has risen, and skew has shifted towards bearish protection, indicating that traders are pricing in tail risks. In terms of price structure, Bitcoin is currently considered to be oscillating in the range of $60,000 to $68,000. If the Federal Reserve signals a more hawkish stance or institutional buying weakens further, it may pull back to the $62,000 to $63,000 range. Overall, the current market presents a combination structure of "macro waiting + institutional marginal weakening + enhanced derivatives defense," with the short-term direction still relying on FOMC policy signals and the situation of ETF and corporate funds flowing back in.

Bitget officially launched the AI trading strategy workflow layer GetAgent Playbook, marking the first time the Agent Harness framework is available to users. Users can select, preview, configure, and launch AI trading strategies from the Agent Playbook strategy library without having to write prompts themselves, all running in an isolated sub-account with auditable operations and transparent processes. Currently, this feature is available to GetAgent Plus and Pro users.Bitget CEO Gracy Chen stated that AI trading is evolving from Q&A to workflows, with prompt configuration being the biggest source of complexity. The Playbook allows users to easily transform trading ideas into Agent runnable and adjustable strategies through a ready-to-use strategy library (Agent Playbook).As of now, Bitget's AI trading tools have attracted over 1 million users, with a cumulative trading volume exceeding $1.2 billion. The Agent Hub covers 9 major modules and 57 tools, supporting read-only mode, simulated trading environments, and Agent exclusive sub-accounts, completely isolating agent operational permissions from the main account, and integrating the entire business chain of spot trading, contracts, copy trading, and wealth management, while exclusively supporting trading of tokenized assets in the US stock market.

10x Research analysis points out that the Bitcoin yield-enhanced exchange-traded fund BITA launched by BlackRock may have design flaws in its strategy. By generating income through selling call options, it may lead investors to underperform against spot Bitcoin in most market environments, or fail to achieve ideal absolute returns.10x Research believes that BITA executes the call option selling strategy monthly according to fixed rules, and regardless of whether Bitcoin rises, consolidates, or falls, investors may make unfavorable trade-offs between income and upside potential; its proposed framework emphasizes "timing and conditional execution," obtaining option premiums only when market conditions are favorable. The high volatility of Bitcoin mainly stems from information asymmetry among market participants and a highly marketed market environment. For a long time, many investors have attempted to capture this volatility return through systematic strategies, but most have not succeeded.