2026-6-29 13:51 |
Strategy Bitcoin underwater losses, MSTR below NAV and STRC's record discount are testing Michael Saylor's Bitcoin treasury model. origin »
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Wells Fargo has expanded its exposure to Strategy while reducing part of its BlackRock Bitcoin ETF position, according to its latest regulatory filing that also shows larger investments across Ethereum and Solana-linked products.
Michael Saylor hinted at another Strategy Bitcoin buy as mNAV falls below 1 and investors question whether the BTC flywheel still works.
Grayscale's Pandl says Strategy selling over $3B in BTC to cover obligations, rather than raising dividends, could restore market confidence.
Mike Novogratz says Bitcoin’s drop stems from Strategy stress, weak crypto sentiment, a strong dollar and a key $59K-$60K support zone.
Brad Garlinghouse has criticized Michael Saylor’s Bitcoin acquisition strategy, arguing that Strategy’s reliance on preferred stock financing has failed to create lasting value as its securities continue to weaken.
Michael Saylor has faced renewed legal pressure after a shareholder rights firm opened an investigation into Strategy, adding to mounting scrutiny that has accompanied the company’s sharp stock decline and Bitcoin’s latest selloff.