# STRC Related Articles

HTX News Center provides the latest articles and in-depth analysis on "STRC", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

STRC Major De-pegging's First Financial Report, How Will Strategy Repair Its Capital Flywheel?

Bitcoin treasury company Strategy released its Q2 2026 earnings report on July 31. Despite a 6.9% year-over-year revenue increase to $122 million, the company recorded a net loss of $8.22 billion, largely due to $8.32 billion in unrealized losses from Bitcoin price fluctuations. As of quarter-end, Strategy holds 843,775 BTC with an average cost of $75,000 per coin, and Bitcoin per share increased. The report highlights a critical shift in Strategy's capital model following the de-pegging of its key financing tool, STRC (Strategic Coin), which fell below its $100 target. Management's top priority is restoring STRC to its target value, aiming for a recovery by September 8. They rule out discounted STRC issuances and plan to maintain its dividend yield at 12%, instead focusing on bolstering its $3.75 billion cash reserve. Strategy has moved from a one-way "buy-and-hold" Bitcoin strategy to active capital management. This new approach, part of its "Digital Credit Capital Framework," involves flexibly managing its balance sheet across four elements: BTC, USD cash, common stock (MSTR), and digital credit securities like STRC. This allows for BTC monetization (having sold $218.4 million in BTC so far), strategic repurchases of discounted securities, and debt optimization, as seen with a $1.5 billion convertible bond buyback. The company's future hinges on two key tests: successfully re-pegging STRC to restore market confidence in its digital credit system, and a long-term recovery in Bitcoin's price to ultimately support its growth thesis.

marsbit8h ago

STRC Major De-pegging's First Financial Report, How Will Strategy Repair Its Capital Flywheel?

marsbit8h ago

STRC's First Financial Report Post-Depegging, How is Strategy Restoring the Capital Flywheel?

On July 31, 2026, Bitcoin treasury company Strategy released its Q2 financial report. Despite a 6.9% year-over-year increase in revenue to $122 million, the company recorded a substantial net loss of $8.22 billion, primarily due to $8.32 billion in unrealized losses from Bitcoin holdings. While Strategy's core Bitcoin strategy remains intact—its holdings grew 11% to 843,775 BTC—the company is undergoing a fundamental shift in its capital model. Following the de-pegging of its key financing tool, the STRCoin (STRC), from its $100 target in May, Strategy has pivoted from a one-directional "raise funds, buy Bitcoin" cycle to a more dynamic, multi-asset capital management approach. A key part of this new framework is the "Monetization Program," through which Strategy has sold approximately $218.4 million worth of BTC to bolster liquidity. The company's top priority is repairing STRC's peg, committing not to issue discounted shares until it returns to its target range. It has initiated a $1 billion buyback program for discounted digital credit securities, having repurchased $28.9 million face value of STRC so far. Management aims to restore the peg around September 8, 2026. Strategy now actively manages a matrix of assets: Bitcoin (for accumulation or strategic sales), USD cash reserves (now at $3.75 billion), common stock (MSTR), and digital credit securities like STRC. This allows for tactical moves like repurchasing discounted debt or equity to capture value. The future success of Strategy's "capital flywheel" hinges on two factors: the short-term ability to successfully re-peg STRC to restore market confidence in its digital credit system, and the long-term price trajectory of Bitcoin, upon which its entire investment thesis ultimately depends.

Odaily星球日报9h ago

STRC's First Financial Report Post-Depegging, How is Strategy Restoring the Capital Flywheel?

Odaily星球日报9h ago

Strategy Opens Path to Bitcoin Sale — Michael Saylor Explains Why It Makes Sense

Michael Saylor, Executive Chairman of Strategy Inc. (NASDAQ: MSTR), outlined the company's potential funding sources for future buybacks of its Series A Variable Rate Perpetual Preferred Stock (STRC). These buybacks could be financed through the sale of Bitcoin or MSTR shares, depending on market conditions. This strategy is seen as attractive when STRC trades significantly below its $100 par value, allowing the company to repurchase shares at a discount and reduce future dividend obligations. Strategy aims to maintain STRC trading near its $100 par value with high liquidity and low volatility. The company, adhering to its digital credit capital concept, will not issue new STRC shares below par. In the week ending July 26, Strategy repurchased approximately $25 million worth of STRC shares at an average price of $86.52 per share, taking advantage of the discount. Strategy has increased its USD reserve to a record $3.75 billion, but this reserve is reserved exclusively for preferred stock dividends and debt repayment. Therefore, future STRC buybacks will be funded separately, primarily through the issuance of MSTR common stock or the sale of Bitcoin when deemed economically justified by management. This approach provides flexibility to execute discounted buybacks without impacting funds earmarked for dividends and debt.

cryptonews.ru07/28 05:36

Strategy Opens Path to Bitcoin Sale — Michael Saylor Explains Why It Makes Sense

cryptonews.ru07/28 05:36

Strategy Conducts First-Ever Share Buyback of STRC Instead of Bitcoin Purchases

For the first time, strategy, the largest corporate holder of bitcoin led by Michael Saylor, conducted a $25 million buyback of its own preferred STRC shares last week, as revealed in its weekly SEC filing. Concurrently, the company raised approximately $544.5 million through the issuance and sale of additional common MSTR shares, which have lost nearly 85% of their value over the past year. Strategy also bolstered its dollar reserves by $525 million, which Saylor stated now covers STRC dividend payments for over two years. Saylor explained that the STRC buyback would be funded through the sale of MSTR shares and bitcoin, depending on market conditions, with the goal of supporting STRC's trading price around $100. The report includes a standard disclaimer noting the volatile nature of cryptocurrencies.

cryptonews.ru07/27 16:42

Strategy Conducts First-Ever Share Buyback of STRC Instead of Bitcoin Purchases

cryptonews.ru07/27 16:42

Strategy’s MSTR falls 79% – Could calls become ‘a weapon’ if STRC restarts?

Michael Saylor's company, MicroStrategy's (MSTR) stock has fallen 79% over the past year. This decline coincides with a strategic shift from aggressive Bitcoin (BTC) accumulation to defensive capital management. In recent months, the company sold a small fraction (0.43%) of its Bitcoin holdings, totaling 3,620 BTC, while raising significant cash through share sales. Its USD Reserve has doubled to $3.0 billion, strengthening its balance sheet to cover obligations and increasing its preferred stock (STRC) dividend coverage. The core debate revolves around the company's future path. Critics, like Peter Schiff, question the investment thesis. Supporters, however, speculate that if MicroStrategy restarts its STRC financing mechanism to fund new Bitcoin purchases instead of diluting common shares (MSTR), leveraged call options on MSTR could become highly profitable. The company's next major decision is whether to resume Bitcoin buying in a future bull market and potentially sell some holdings for gains, deviating from its historical buy-and-hold strategy. The article notes these recovery scenarios are speculative.

ambcrypto07/17 10:46

Strategy’s MSTR falls 79% – Could calls become ‘a weapon’ if STRC restarts?

ambcrypto07/17 10:46

Additional $450 million fails to lift the price, what STRC truly lacks is never money

Despite raising an additional $450 million, shares of Strategy's (STRC) preferred stock fell, highlighting a deep-seated crisis of investor confidence rather than a lack of capital. The company, the world's largest corporate holder of Bitcoin, now boasts $3 billion in cash reserves, theoretically sufficient to cover dividends for 20 months. However, STRC's price remains at a 13% discount to its $100 face value. The core issue is a severe erosion of trust in founder Michael Saylor. His repeated reversals on key commitments—such as promises not to sell Bitcoin or dilute shares below a certain threshold, which were later broken—have damaged credibility. Market skepticism persists despite the high dividend yield, as STRC lacks the guarantees of a deposit account or money market fund. Ultimately, no amount of cash can restore the confidence repeatedly compromised by management's inconsistent actions.

marsbit07/15 01:58

Additional $450 million fails to lift the price, what STRC truly lacks is never money

marsbit07/15 01:58

Despite $450 Million Increase in Cash, STRC Price Still Falls; It's Never Been About Money

Despite raising an additional $450 million, boosting its total cash reserves to $3 billion, the share price of STRC, the preferred stock of Bitcoin-heavy firm Strategy, continued to fall. The core issue, according to the article, is not a lack of funds but a severe erosion of investor confidence in CEO Michael Saylor and the company's leadership. Strategy designed STRC to trade stably near its $100 face value, but its price has been volatile and is currently trading at a 13% discount. Even with cash reserves theoretically sufficient to cover 20 months of dividends at a current yield of 12%, the market remains unmoved. The article attributes this distrust to Saylor's history of repeatedly changing promises and guidance. Key examples include altering share dilution rules shortly after setting them, selling Bitcoin despite years of public vows never to do so, and drastically slashing annual earnings forecasts. These actions have made investors skeptical of management's commitments. While Saylor has compared STRC to a high-yield savings account, its price plummeted to a low of $71.25 in June, demonstrating it carries significant risk unlike insured deposits. The article concludes that no amount of cash can restore the market trust that has been consistently undermined.

Foresight News07/14 12:03

Despite $450 Million Increase in Cash, STRC Price Still Falls; It's Never Been About Money

Foresight News07/14 12:03

How Far Are We from the End of the Crypto Bear Market?

How Much Longer Until the Crypto Bear Market Ends? A persistent negative Coinbase Bitcoin Premium Index, reaching a record 46 consecutive days of negative values, underscores the ongoing crypto bear market. The downturn accelerated in late May/early June when MicroStrategy (referred to as "Strategy" in the text), a major BTC holder, sold a small amount of Bitcoin (32 BTC), shattering market confidence and triggering sharp declines in BTC, ETH, and SOL. This was compounded by sustained net outflows from US spot Bitcoin ETFs. June saw Bitcoin briefly fall below $60,000, its worst weekly performance since 2022, breaking below the critical 200-week moving average—a signal some analysts consider confirmation of a bear market. While some institutional analyses in mid-June suggested the bottom might be near (e.g., around $53,600 based on realized price, or a potential end during the 2026 World Cup summer), further price drops quickly disproved these optimistic forecasts. Key bear market indicators include: the severe de-pegging of MicroStrategy's preferred shares (STRC) from their $100 NAV, which later recovered partly due to company stabilization plans; a record number of BTC (over 10.83 million) and a significant portion of long-term ETH holders now in unrealized loss; and Bitcoin's price trading below its 200-week moving average. Predictions for the bear market's end vary. Some, like investor Yilihua, suggest July-August 2026 could present a final buying opportunity. Others, like miner Jiang Zhu'o'er, predict a bottom between $42,000-$44,000 in October-December 2026, based on the historical lag between MicroStrategy's mNAV ratio bottom and Bitcoin's price bottom. Technical indicators like the BTC 4-year average price index dipped briefly below 1, and the Coinbase Premium Index remains negative, suggesting a need for a price rebound to around $77,000 for a return to positive territory. In the absence of major external catalysts, the consensus leans toward the bear market persisting for another 2-3 months, with late September to early October 2026 being a potential turning point window.

Odaily星球日报07/03 10:19

How Far Are We from the End of the Crypto Bear Market?

Odaily星球日报07/03 10:19

Bitwise Chief Investment Officer: STRC Plunge is a Bottom Signal, Bull Market to Start in Autumn

Bitwise CIO: STRC's Plunge Signals Market Bottom, Bull Run Likely This Fall Bitwise CIO Matt Hougan analyzes the recent sharp decline of Strategy's perpetual preferred shares (STRC) and its implications for the bitcoin market. STRC, a product designed for stable, high-yield income, fell dramatically from its $100 target to $75 amid concerns about Strategy's ability to maintain dividends as bitcoin prices dropped. While Strategy's overall balance sheet remains strong, with ample assets to cover liabilities, market panic stemmed from its right to suspend STRC dividends. In response, Strategy introduced a new framework, committing to sell bitcoin as needed to fund dividends and allowing STRC to float freely, abandoning the $100 peg mechanism. This shift marks a change in Strategy's role from a consistent net buyer to a more dynamic participant in the bitcoin market. Hougan views the STRC volatility and related sell-off in MicroStrategy (MSTR) stock as classic late-cycle behavior, where mismatched leverage is being purged from the system. He draws parallels to the GBTC premium unwind after the 2021 bull market. This necessary deleveraging, he argues, is a precursor to finding a market bottom. Key bottoming signals to watch include MSTR trading at a discount to its net asset value (NAV), crypto fear & greed indices hitting extreme lows, and sustained negative bitcoin funding rates. Hougan concludes that as excess leverage is cleared, the market is nearing its bottom, setting the stage for a new bull cycle to begin in the autumn. The next major wave of buyers, he believes, will be institutional investors like banks, asset managers, and pension funds.

marsbit07/02 06:08

Bitwise Chief Investment Officer: STRC Plunge is a Bottom Signal, Bull Market to Start in Autumn

marsbit07/02 06:08

Bitwise CIO: STRC Plunge is a Bottom Signal, Bull Market to Begin in Autumn

Matt Hougan, Chief Investment Officer at Bitwise, explains the recent Bitcoin price drop below $60,000 and its connection to the steep decline in MicroStrategy's STRC (Strategy's Perpetual Preferred Stock). STRC, designed as a high-yield, stable-price instrument, fell from its $100 target to $75 due to market fears over MicroStrategy's ability to sustain its dividend amid Bitcoin's price weakness. Hougan clarifies that while MicroStrategy's overall financial position remains strong, with significant Bitcoin holdings and cash, the core market anxiety centered on the optional nature of the dividend payments. In response, MicroStrategy announced a new operational framework: it will sell some Bitcoin as needed to fund dividends, will no longer actively defend the $100 share price through dividend hikes, and may repurchase STRC on the open market. This shift marks a change in MicroStrategy's role from a consistent, one-way buyer of Bitcoin to a more dynamic participant that may both buy and sell. According to Hougan, the STRC volatility is a classic late-cycle event, signaling the painful but necessary process of flushing out excessive leverage from the market. He draws parallels to the unwinding of the GBTC premium in the previous cycle. He identifies key potential bottoming signals: MSTR trading at a discount to its net asset value (NAV), extreme readings on the Crypto Fear & Greed Index, and persistently negative Bitcoin funding rates. Hougan concludes that while the exact timing of the market bottom is unpredictable, the current deleveraging phase suggests it is near. He expresses confidence that a new bull market will begin in the fall of this year, with the next major wave of buying expected to come from institutional investors like banks, asset managers, and pension funds.

Foresight News07/02 02:43

Bitwise CIO: STRC Plunge is a Bottom Signal, Bull Market to Begin in Autumn

Foresight News07/02 02:43

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