strategy

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.

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 Tech in Asia, Salesforce announced the acquisition of the AI customer service product Fin for approximately $3.6 billion, with the deal expected to be completed in the fourth quarter of fiscal year 2027. Following the announcement, Salesforce's pre-market stock price rose by 1.1%.Fin is an AI customer service product that can seamlessly collaborate with existing help desk systems such as Salesforce and Zendesk. This acquisition will complement Salesforce's Agentforce platform, which already covers multiple business scenarios including sales, service, marketing, and commerce, and connects AI agents with enterprise data through Data Cloud.

According to SoSoValue data, as of 8 AM Eastern Time on June 15, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $100 million, a decrease of 0.99% compared to last week. Strategy (formerly MicroStrategy) spent approximately $100 million last week to purchase 1,587 Bitcoins at a price of $63,024, increasing its total holdings to 846,842 Bitcoins. The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking two consecutive months without purchases. Additionally, other listed companies did not purchase Bitcoin. As of the time of writing, the total amount of Bitcoin held by the global listed companies (excluding mining companies) is 1,121,341 Bitcoins, an increase of 0.5% compared to last week, with a current market value of approximately $7.424 billion, accounting for 5.6% of Bitcoin's circulating market value.

According to SoSoValue data, as of 8 AM Eastern Time on June 15, 2026, the total net purchase of Bitcoin by publicly listed companies worldwide (excluding mining companies) for the week was $100 million, a decrease of 0.99% compared to last week.Strategy (formerly MicroStrategy) spent approximately $100 million last week to purchase 1,587 Bitcoins at a price of $63,024, increasing its total holdings to 846,842 Bitcoins.The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking two consecutive months without purchases.In addition, the remaining listed companies did not purchase any Bitcoin.As of the time of writing, the total amount of Bitcoin held by publicly listed companies worldwide (excluding mining companies) is 1,121,341 Bitcoins, an increase of 0.50% compared to last week, with a current market value of approximately $7.424 billion, accounting for 5.6% of Bitcoin's circulating market value.

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.

Michael Saylor, founder and executive chairman of Bitcoin Strategy Company, has once again released information related to Bitcoin Tracker, with the caption: "Still adding dots."According to previous patterns, Strategy always discloses information about increasing Bitcoin holdings the day after relevant news is released.

Strategy founder Michael Saylor stated on social media, "I haven't sold a single satoshi of my Bitcoin holdings, and Strategy is still executing the accumulation strategy."Note: A satoshi is the smallest unit of Bitcoin, with 1 BTC equivalent to 100 million satoshis. Michael Saylor previously mentioned to never sell your own Bitcoin, but never stated that the company cannot sell.

Founder of Strategy Michael Saylor discussed the "Strategy selling Bitcoin" related discussions at the BTC Prague event, stating that he has never said the company cannot sell Bitcoin, and has always emphasized that investors should not easily sell their own Bitcoin.Saylor stated that anyone who has followed the company's earnings call or public disclosure documents over the past five years should be clear that Strategy has always clearly stated that the company will certainly sell Bitcoin when necessary, and this statement has never changed.

Strategy founder and executive chairman Michael Saylor recently stated that the current cryptocurrency market is in fierce competition, with ongoing struggles between Ethereum, Solana, and BNB. Sui was once seen as the "next Solana," but that narrative has collapsed, and now the market is starting to focus on Hyperliquid.Meanwhile, in the Layer 2 space, projects like Arbitrum and Base are also in intense competition. All this competition has weakened the "currency premium" that these cryptocurrencies were originally assigned.Saylor believes that even the most steadfast supporters of these tokens are beginning to realize that they are not currencies and will not gain the premium associated with currency attributes; future value will depend on actual utility.The past 12 months have been an extremely favorable period for Bitcoin, further solidifying its position as the dominant digital currency network. The market has established Bitcoin as "digital capital" and has proven that the concept of "digital credit" is viable.