Bitcoin Magazine

Bitcoin Price Closes in on $67,000, Lifting Strategy and Other Crypto Stocks

Bitcoin’s price jumped Tuesday to its highest in over one month, bringing crypto stocks like Bitcoin treasury’s Strategy with it. 

The Bitcoin price was recently priced at $66,886, up nearly 3% in 24 hours. Over the past seven days, the leading cryptocurrency has risen by close to 6%. 

Its rise comes as stocks also trade higher — despite tensions in the Middle East flaring up again. 

Nasdaq-listed Strategy (MSTR), formerly MicroStrategy, also jumped above $100 per share on Tuesday. 

The price jump comes even as the Bitcoin juggernaut on Monday revealed it did not make its usual crypto buy, instead reporting the sale of a $225 million in MSTR shares, which it used for its dollar reserve. 

Strategy stock plunged with the price of Bitcoin last year, and is currently well below its November 2024 peak of $473.83. 

The software company, which started buying Bitcoin in 2020 as an inflation hedge, holds at 843,775 BTC, a position worth around $56.2 billion at current prices. 

Other Nasdaq-listed crypto stocks, including America’s biggest crypto exchange, Coinbase (COIN) and Bitcoin miner Marathon Digital (MARA), also surged on Tuesday. COIN at the time of writing was up 11% and MARA was trading over 6% higher. 

Middle East flare up 

Bitcoin’s price has taken a hit so far in 2026, and is currently down nearly 24% year-to-date. Since the leading crypto notched a new record of $126,080 in October, it has shed close to 50% of its value. 

The asset first got hit hard in October when the biggest crash in the history of the industry liquidated more than $19 billion in crypto bets. 

Then, crypto markets got hit harder after the U.S. and Israel attacked Iran in February, driving oil prices higher and deepening uncertainty around global inflation. 

Investors are now not expecting the Federal Reserve to cut interest rates anytime soon. More inflation comes less chance of interest rate cuts, which restricts the liquidity that Bitcoin needs to surge.

Iran and the U.S. continue to fight, ending a truce, but Bitcoin seems immune to the latest flare up. 

As of July 20–21, the U.S. carried out its 10th straight night of strikes on Iranian military targets, with Trump vowing retaliation for three American service members killed and the Pentagon reporting nearly 100 U.S. troops injured over two weeks. 

This post Bitcoin Price Closes in on $67,000, Lifting Strategy and Other Crypto Stocks first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Strategy (MSTR) Sells $263.5 Million in MSTR Shares, Skips Bitcoin Purchase as USD Reserve Tops $3.2 Billion

Strategy sold about $263.5 million worth of MSTR shares last week and made no bitcoin purchases, according to an 8-K filing with the Securities and Exchange Commission on Monday.

The bitcoin treasury company reported the sale of 2,732,318 MSTR shares between July 13 and July 19. Proceeds went toward a $225 million boost to the firm’s U.S. dollar reserve, which reached $3.225 billion as of July 19. Strategy bought no bitcoin, sold no bitcoin, and repurchased no shares under its buyback programs across the period.

The company’s bitcoin stack holds at 843,775 BTC, a position worth around $54.7 billion at current prices. Strategy acquired the coins for about $63.7 billion, including fees and expenses, at an average price of $75,476 per bitcoin, according to co-founder and executive chairman Michael Saylor.

That total represents around 4% of bitcoin’s 21 million supply cap. At present prices, the position carries about $9 billion in paper losses.

The dollar reserve has climbed across a run of similar weeks. A prior filing put the balance near $3 billion after a $467 million share sale, and the fresh $225 million addition marks a continued tilt toward cash as management builds a buffer against the firm’s debt load.

Strategy’s bitcoin buying pause

The pause extends a pattern. Strategy has leaned on dollar accumulation over fresh bitcoin buys across recent weeks, a shift from the aggressive purchases that have reshaped corporate finance and defined much of its history.

Saylor posted another Strategy bitcoin acquisition tracker chart to X on Sunday with the caption “What’s next?” Posts of that kind have preceded acquisition announcements the next day, though the firm’s approach has varied across recent weeks.

Company leadership frames the sales as a matter of balance-sheet strength rather than retreat. President and CEO Phong Le told Bloomberg TV last week that Strategy intends to remain a long-term bitcoin buyer. Le said the firm would begin weighing risks tied to its debt in the event bitcoin dropped to the $8,000 to $10,000 range, and described the balance sheet as secure. 

The stance matches Saylor’s repeated pledge that Strategy will keep buying bitcoin for years, a message he has held even through defenses of potential BTC sales.

Saylor turned his attention to Bitcoin’s protocol over the weekend. He published a 110-point essay, “110 Reasons BIP 110 Is a Bad Idea,” his most detailed case against the proposed soft fork that seeks to limit arbitrary data on the network.

The essay arrived ahead of BIP-110’s mandatory signaling window, which opens in early August. Miner support sits at 0.86% per the proposal’s public monitor. 

Bitcoin mining pool Foundry has asked miners to vote on the measure, and industry voices have flagged the fork as one on track to fail given weak signaling.

Analyst reaction to Strategy’s dollar buildup has been warm. JPMorgan analysts called the larger cash reserves and improving institutional demand in bitcoin futures “encouraging signs” for the bitcoin outlook, even as spot bitcoin ETF flows stay volatile. 

Strategy sits atop a crowded field. Bitcoin Treasuries data counts 197 public companies with some form of bitcoin acquisition model, a tally that pushed corporate bitcoin holdings to a record high. Tether-backed Twenty One, Metaplanet, MARA, and the Adam Back and Cantor Fitzgerald-backed Bitcoin Standard Treasury Company round out the top five, with 43,514 BTC, 43,000 BTC, 36,303 BTC, and 30,021 BTC.

The stock has struggled. MSTR fell 4% across last week and closed Friday at $94.85, a drop of 38.6% year-to-date. Bitcoin gained around 1% over the same stretch, a split that widens the gap between the firm’s treasury value and its market capitalization.

Strategy shares were up 2% in pre-market trading.

This post Strategy (MSTR) Sells $263.5 Million in MSTR Shares, Skips Bitcoin Purchase as USD Reserve Tops $3.2 Billion first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Strategy (MSTR) Raises $467 Million in Cash, Leaves Stash of 843,775 Bitcoin Untouched

Strategy (MSTR) sold about $466.7 million worth of its stock last week and put the proceeds toward cash rather than bitcoin, according to an 8-K filing with the Securities and Exchange Commission on Monday. The move lifted the company’s U.S. dollar reserve to $3 billion and marked another week without a purchase from the largest corporate holder of bitcoin.

Between July 6 and July 12, the Michael Saylor–led firm sold 4,818,781 Class A common shares through its at-the-market equity program. It issued no preferred stock under its other ATM facilities during the period. 

The company said the fresh cash pushed its dollar reserve up by some $450 million, and that it holds the reserve to cover dividend payments on its preferred stock and interest payments on its outstanding debt.

Strategy neither bought nor sold bitcoin over the week. Its holdings stand at 843,775 BTC, a position the company acquired for an aggregate price of about $63.69 billion including fees and expenses, at an average of $75,476 per coin. 

At current prices near $63,000, that stack is worth about $53 billion, which leaves the firm with roughly $10.7 billion in paper losses. The holdings equal around 4% of bitcoin’s 21 million supply cap.

Markets read the filing without much enthusiasm. MSTR fell close to 3% in premarket trading on Monday, extending a slide that has erased 38% of the stock’s value since the start of the year. Bitcoin dropped through the weekend to trade around $62,500, a decline that pulled the so-called bitcoin proxy lower with it.

A shift in Saylor’s posture

For most of Strategy’s history, the pattern ran one direction: raise capital, buy bitcoin, repeat. This year has broken that rhythm. The company has leaned on a wider capital structure, and its recent disclosures show cash building rather than coins.

The clearest break came on July 5, when Strategy sold 3,588 BTC for $216 million — the largest bitcoin sale in its history. The disposal followed a Sunday post from Saylor on X, part of a weekly ritual that market watchers treat as a signal. 

In the past, captions such as “A good time to add more dots” and “Looks better with more dots” landed ahead of purchase announcements. The tone has turned harder to read. A June 28 message reading “We’re gonna need more charts” preceded a new capital framework instead of a buy, and Sunday’s post, captioned “Orange dots tell only part of the story,” arrived before a filing that showed no purchase at all.

The building block behind the change is STRC, a preferred instrument that expanded the company’s capital structure and created new obligations to service. That structure is what makes the cash reserve matter. Dividend and interest commitments now form a fixed cost that 

Strategy must meet whether bitcoin rises or falls, and the dollar reserve exists to keep those payments funded.

How much runway does Strategy have?

For now, the near-term picture looks manageable. A $3 billion reserve gives Strategy a cushion against its dividend and interest commitments, and Monday’s filing shows the company can raise cash without touching its bitcoin. 

Selling stock dilutes shareholders but leaves the treasury whole; selling coins does the opposite. This week, Strategy chose the first path.

The open question is what happens if the choice starts to narrow. As long as the equity market absorbs new share sales at prices the company finds workable, the ATM program can fund its obligations. A sustained slide in MSTR, or a longer bitcoin downturn, would tighten that math and could turn optional sales into forced ones.

The firm’s paper losses give the shift its weight. Strategy sits on about $10.7 billion in unrealized losses, and its stock has surrendered 38% this year. Against that backdrop, the pivot from buyer to cash-builder reads less as a retreat than as a company managing a capital structure that now carries fixed costs of its own.

Bitcoin traded flat near $62,500 in the hours after the disclosure.

This post Strategy (MSTR) Raises $467 Million in Cash, Leaves Stash of 843,775 Bitcoin Untouched first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

JPMorgan Says the Real Threat to Bitcoin Isn’t Strategy (MSTR) — It’s Private Blockchains

Strategy’s recent bitcoin sales and its formal monetization program have rattled investors, but JPMorgan analysts see a bigger danger to bitcoin: blockchain adoption that routes around public networks and the tokens that ride on them.

In a report led by managing director Nikolaos Panigirtzoglou and reported by The Block, the bank argued that Strategy is not the main structural threat to the asset. 

The company sold 3,588 bitcoin for $216 million in early July to cover preferred dividends, its largest disposal on record, and such sales can add bursts of selling pressure. The deeper concern, the analysts said, is where tokenization, payments and settlement end up.

Should that activity settle on permissioned rails rather than public chains, the crypto ecosystem could face a structural de-rating — thinner liquidity, weaker capital flows and slower on-chain volume — a drag that would reach bitcoin in time.

Institutions have leaned toward permissioned blockchains, which offer privacy, know-your-customer and anti-money-laundering controls, governance, throughput, legal accountability and regulatory certainty. 

That preference, per JPMorgan, creates a competitive problem for public networks like Ethereum.

The analysts cited the Bank for International Settlements, which has warned against public permissionless chains for systemic financial infrastructure and has pushed instead for “unified ledgers” that hold tokenized central bank money, bank deposits and assets inside regulated walls.

Tokenization as a real-world use case

Banks are building to that spec. Tokenized deposits — digital claims on bank balances, backed by banking regulation and deposit insurance — stand out as the clearest case. Should such deposits spread in the non-transferable forms regulators favor, they could crowd out stablecoins in institutional payments. 

SWIFT’s blockchain project and central bank digital currency efforts such as the digital euro and digital yuan would reinforce that regulated lane.

Real-world asset tokenization tells a similar story. The market sits near $50 billion, much of it on Ethereum for now, though the analysts read that as early experimentation rather than a settled structure. 

As adoption matures, issuance, custody and settlement could migrate to private infrastructure, leaving public chains for distribution and interoperability. DTCC and Securitize show the pattern in motion, and the analysts questioned whether public settlement is even the most efficient model for regulated firms, given the capital savings of deferred, netted settlement.

What could prove JPMorgan wrong

The Clarity Act, even should it pass this year, might not lift the threat; it could embolden bank-issued deposit tokens at the expense of public stablecoins. 

The analysts flagged three ways their thesis breaks: a hybrid model where both chain types matter, stronger stablecoin adoption under friendly rules, or bitcoin holding its role as “digital gold” and a debasement hedge whatever happens across the rest of crypto.

This post JPMorgan Says the Real Threat to Bitcoin Isn’t Strategy (MSTR) — It’s Private Blockchains first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Schwab Strategist Backs Strategy’s STRC Playbook Amid Bitcoin Weakness

Strategy remains under pressure as Bitcoin hovers near $60,000, but recent capital moves have bought the company time, according to Jim Ferraioli, director of crypto research and strategy at the Schwab Center for Financial Research.

Speaking on Morning Trade Live at the New York Stock Exchange, Ferraioli said the firm led by Michael Saylor faces scrutiny while the price of Bitcoin sits 50% below its peak. Strategy, the largest corporate holder of Bitcoin, has funded much of its buying through preferred equity, including its variable-rate Stretch preferred stock, known as STRC.

That product fell near $70 from its $100 par value before a rebound. To defend the peg, Strategy raised the STRC dividend to 12% and authorized $2 billion in buybacks while unlocking further Bitcoin sales. The stock has since started climbing back toward par. 

“The market is supportive of these actions,” Ferraioli said, describing the response as a check on fears of cascading liquidations.

The shift marks a change in tone for a company known for a “never sell” stance. 

“We went from never sell Bitcoin to strategically sell Bitcoin,” Ferraioli said, acknowledging fair criticism. He cautioned that a lower multiple could limit Strategy’s capacity to issue shares and buy more Bitcoin in the second half of the year. 

Schwab’s perspective on Bitcoin’s slump

Ferraioli weighed in on a market bump that followed comments from President Trump, who signaled openness to holding Bitcoin in the new Trump Accounts savings program. 

Ferraioli read the move as a sign of one more potential class of buyer, alongside mainstream investors who entered through spot ETFs. 

“The crypto market loves narratives,” he said, calling the asset momentum-driven.

On correlations, Ferraioli described Bitcoin as a low-correlation asset, a trait he traced to the four-year halving that cuts new supply. Past ties to tech stocks have broken down, and a historic inverse relationship with the dollar has wavered; Bitcoin has rallied during periods of dollar strength this year. 

“Starting points matter,” he said, noting that Bitcoin rose during the Iran conflict as the dollar gained.

He addressed the dollar-yen rate, which trades near 40-year lows. A stronger yen could unwind the carry trade, in which investors sell the yen to buy growth assets. Ferraioli framed a yen rebound as a possible headwind for risk assets, though not a primary near-term risk for Bitcoin.

On the debasement trade, Ferraioli pushed back on the idea that last year’s gold rally, set against a halving of Bitcoin’s market cap, disproved the store-of-value case. 

He attributed the gold move to supply constraints and momentum rather than fiscal fear. The federal budget deficit has narrowed from 8-9% of GDP to 5%, near the median across Bitcoin’s life.

“It’s not an endorsement of the fiscal health,” he said, “but it helps put that narrative in check.”

This post Schwab Strategist Backs Strategy’s STRC Playbook Amid Bitcoin Weakness first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Strategy (MSTR) Sells 3,588 Bitcoin to Cover Preferred Dividends

Strategy sold 3,588 bitcoin for $216 million to fund dividends on its preferred securities, the company disclosed in a Form 8-K on July 6, 2026. The sale marks the largest bitcoin disposal in the company’s history and its most direct admission that its dividend obligations now shape its treasury.

Chairman Michael Saylor posted about the transaction on social media. As of July 5, the company held 843,775 bitcoin in its reserves and $2.55 billion in cash. Saylor said the proceeds covered second-quarter dividends on four preferred instruments and the full June payment on a fifth.

The disclosed sale funded quarterly dividends on STRF, STRE, STRK, and STRD. It also covered the monthly dividend on STRC. Together these securities form the core of what Strategy calls its Digital Credit business.

Each instrument carries a distinct payout structure. STRF, the senior tier, pays a fixed 10% annual dividend on a $100 stated amount. STRE pays 10% a year on a €100 stated amount, denominated in euros. 

STRK pays 8% and converts to common stock if shares reach $1,000. STRD pays 10% but is not cumulative, giving the board room to skip a payment. 

STRC sits in the middle of the stack and pays a variable rate near 12%, reset to keep the security trading close to its $100 par. The board recently shifted STRC to semi-monthly payments.

JUST IN: Michael Saylor announces Strategy sold 3,588 Bitcoin for $216 million to fund dividends for their digital credit securities pic.twitter.com/QQl2Jih71A

— Bitcoin Magazine (@BitcoinMagazine) July 6, 2026

None of the preferred securities is backed by the company’s bitcoin. Each holds only a claim on residual assets.

Why Strategy is selling

Strategy is the largest corporate holder of bitcoin. The company has built its treasury through repeated stock and debt offerings. Its bitcoin sits at a cost basis near $63.9 billion, or roughly $75,700 a coin.

That model created a growing cash bill. The preferred securities pay dividends in cash, not bitcoin. Strategy’s software business does not generate enough to cover them. 

Grayscale’s head of research, Zach Pandl, estimated the annual dividend load at $1.5 billion. When cash reserves run short, the company must raise more capital or sell coins.

For years Saylor pledged to never sell. That stance ended in late May 2026. Strategy sold 32 bitcoin for about $2.5 million, its first disposal since 2022, to fund preferred dividends. 

The move broke the pledge and drew wide attention. Saylor framed it as a signal of commitment to preferred holders rather than a retreat from bitcoin. “Our goal is to make STRC the best credit instrument in the world,” he said at the time.

The July sale dwarfs that first step. At 3,588 coins and $216 million, it is roughly a hundred times larger.

Buying and selling at once

Strategy continues to accumulate even as it sells. After the May sale, the company bought 1,550 bitcoin for $101.3 million, nearly 50 times the size of the disposal. It made a $2 billion purchase in May and a $2.54 billion purchase in April. 

The pattern shows a firm that funds dividends from its stack while adding to it through fresh capital raises.

That approach depends on market access. Strategy can issue new preferred shares and common stock to raise cash. When those markets cooperate, the company avoids large sales. When they tighten, bitcoin becomes the source of funds. 

The July disposal suggests the second condition held during the quarter.

Last night, Saylor posted “Bitcoin is Digital Energy” on X, accompanied by Strategy’s orange-dot Bitcoin acquisition chart, prompting expectations that another SEC filing disclosing a new Bitcoin purchase is imminent. Traders have come to view these weekend posts as a recurring signal ahead of Strategy’s BTC accumulation announcements. This time, the announcement was about a bitcoin sale.

At the time of writing, Strategy shares are down 2% in premarket and bitcoin has dipped below $62,000.

This post Strategy (MSTR) Sells 3,588 Bitcoin to Cover Preferred Dividends first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Strategy still sits at the centre of the corporate Bitcoin map. BitcoinTreasuries data shows the company holding 847,363 BTC, keeping it far ahead of other public corporate holders and leaving it as the name every treasury company is measured against.

But the market’s focus has changed. Investors are no longer just asking how much Bitcoin Strategy owns. They are asking what the equity is worth relative to the coins, how the capital stack behaves in a weaker market, and whether the treasury premium can keep doing the work it used to do.

For more details, visit the official Bitcointreasuries platform.

TL;DR

Strategy remains the dominant public Bitcoin treasury company, with 847,363 BTC listed by BitcoinTreasuries. The more interesting part of the story is the pressure around valuation metrics such as mNAV. When treasury companies trade at a premium to their Bitcoin, they can raise capital and accumulate. When that premium compresses, the model becomes more complicated.

That is why Strategy’s position matters beyond its own stock. It is the benchmark for the entire corporate BTC trade.

The Treasury Trade Is Growing Up

For much of the cycle, the Bitcoin treasury model was treated almost like a flywheel. A company bought BTC, the market rewarded the stock, and the higher valuation created more room to raise capital and buy more BTC.

That model is powerful when it works. It can also become fragile if the market stops paying for the premium.

Strategy’s scale gives it advantages smaller treasury firms do not have: deep market recognition, a long operating history, a clear Bitcoin identity, and a capital-markets playbook that investors understand. But even Strategy is not immune to changing sentiment.

When Bitcoin falls and ETF flows weaken, treasury-company stocks can become a pressure point rather than a pure demand story.

Why mNAV Has Become The Number To Watch

The reason mNAV matters is simple. It tells investors how the market values the company relative to its Bitcoin holdings and capital structure. A high premium can make accumulation easier. A low or negative premium can raise tougher questions.

That does not mean Strategy is forced into any single path. It does mean the market is now paying closer attention to funding costs, preferred-stock dynamics, potential buybacks, and whether Bitcoin holdings are being treated as strategic capital or simply balance-sheet inventory.

For Bitcoin traders, the takeaway is that treasury-company demand is no longer a simple bullish headline. It needs to be understood through the lens of financing.

If Strategy’s model stabilises, it could calm fears around the broader treasury theme. If pressure continues, the market may become more sceptical of smaller companies trying to follow the same playbook.

Strategy remains the giant in the room. But even giants have to deal with market structure when the premium trade gets tested.

This report is based on information from BitcoinTreasuries and Strategy purchase disclosures.

That is also why smaller treasury companies are being judged more harshly now. The market is no longer rewarding every Bitcoin balance-sheet announcement equally. Scale, liquidity, financing flexibility, and shareholder trust are becoming part of the same conversation as the raw BTC count.

This article was written by the News Desk and edited by Samuel Rae.

Source: Bitcointreasuries

Bitcoin Magazine

FBI Director Kash Patel Did Not Disclose Six-Figure Strategy (MSTR) Stake: Report

FBI Director Kash Patel disclosed a six-figure investment in Strategy (MSTR), the world’s largest corporate holder of Bitcoin, more than six months past the deadline set by federal ethics law, according to a report from NOTUS. The lapse has reopened a fight over stock trading by senior government officials and raised questions about a potential conflict of interest.

Patel purchased between $100,001 and $250,000 in shares of Strategy on November 21, 2025. He did not report the trade to federal regulators until May 26, 2026, a gap of more than 180 days. The Stop Trading on Congressional Knowledge (STOCK) Act requires senior executive-branch officials to disclose individual stock trades over $1,000 within 45 days of the transaction.

In his May 26 letter to the Office of Government Ethics, Patel said the trade had been “inadvertently omitted” from a prior filing. Two days later, Deputy Assistant Attorney General William Taylor attributed the omission to a miscommunication, and an FBI official told NOTUS the late reporting was “not realized and unintentional.” 

First-time STOCK Act violators face a $200 fine. The Department of Justice, which would issue or waive the penalty, has not fined Patel. The bureau said the corrected filing was reviewed and approved by a DOJ ethics official.

Why Patel’s stock omission is drawing attention

Strategy, the firm led by Michael Saylor, pioneered the corporate Bitcoin-treasury model and holds more than 760,000 BTC. The stock functions as a proxy for the price of Bitcoin, which makes it one of the most direct routes to a Bitcoin bet through a brokerage account. Strategy’s shares have lost about half their value since the date of Patel’s purchase.

The identity of the company is the crux of the concern. The FBI, under Patel, plays a central role in cryptocurrency enforcement, and Patel has promoted that record.

In a June 19 post on X, he warned crypto fraudsters that “this FBI will find you, and we will bring you to justice.” Weeks before his purchase, he had touted a case that seized roughly $15 billion 

Strategy has done millions of dollars in business with the Justice Department, of which the FBI is a part, along with the Departments of Health and Human Services, Defense, and State, over the past decade, according to the report.

Taylor maintained that Patel’s stake does not create a conflict of interest with his oversight of the bureau.

Patel is not an outlier. Vice President JD Vance disclosed up to $500,000 in Bitcoin, and President Trump and his sons reported more than $1 billion in crypto-related income last year. 

This post FBI Director Kash Patel Did Not Disclose Six-Figure Strategy (MSTR) Stake: Report first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Strategy (MSTR) Surges Over 12% As Bitcoin-Linked Stocks Have Green Day

Shares of Strategy Inc. climbed 14% at times on Monday to roughly $94, their best single-day gain in weeks, after the bitcoin treasury company unveiled a sweeping capital overhaul.

The move marks a significant shift for the company once synonymous with an unrelenting bitcoin accumulation strategy. Strategy’s board approved a new Digital Credit Capital Framework that authorizes up to $1.25 billion in bitcoin sales to fund a newly created U.S. dollar reserve, cover preferred dividend obligations, and service debt. 

The company also authorized $1 billion in common stock buybacks and $1 billion in repurchases of its preferred securities.

The company raised the dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, to 12% annually — a 50 basis point increase effective July 1.

Strategy held 847,363 BTC as of June 28, purchased for an aggregate $64.10 billion at an average price of $75,651 per coin. With bitcoin trading near $60,000 Monday afternoon, the company sits on an unrealized loss on its entire stack — context that makes the new monetization framework more than just financial engineering. 

The company said it has approximately $2.55 billion in U.S. dollar reserves, covering roughly 17 months of annual preferred dividend and interest obligations of about $1.76 billion.

The stock had been grinding lower since hitting a high near $200 earlier this year in May, pulled down by bitcoin weakness and broader risk-off pressure. Monday’s bounce, driven largely by the capital plan announcement, brought shares back above $92 intraday, with a session peak near $94.

Other crypto and bitcoin-linked stocks also started the week out strong. 

Nakamoto (NAKA) shares surged more than 10% at points during Monday’s session, among the day’s strongest movers in the crypto equity space. Strive (ASST) climbed over 3.5% at its intraday peak. Coinbase (COIN), by contrast, saw a more muted session — shares up around 2% at their high.

Strategy and bitcoin price action

Bitcoin price shed roughly 6% over the past week, pulling back from a high near $64,400 earlier in the period to trade around lows of $58,800 today — a grind lower that has tracked weakness across broader risk assets.

Bitcoin price has now dropped more than 18% on the month, with the June candle opening near $76,690 and finding no sustained bid on the way down. 

Six straight weeks of ETF outflows, totaling tens of millions in institutional selling, have weighed on the price throughout the stretch. Bitcoin remains below its key 50-month exponential moving average near $65,600, a level that technicians watch as a line between short-term recovery and deeper correction territory.

Bitcoin Magazine is published by BTC Inc, a subsidiary of Nakamoto Inc. (NASDAQ: NAKA)

This post Strategy (MSTR) Surges Over 12% As Bitcoin-Linked Stocks Have Green Day first appeared on Bitcoin Magazine and is written by Micah Zimmerman.