Tag: Cryptocurrencies

Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) closed at a record low of $89, 11% below its $100 par value. The discount has paused the company’s at-the-market issuance program, a primary channel for raising capital to acquire more bitcoin. This follows Strategy’s first-ever BTC sale of 32 coins for ~$2.5 million in late May to cover STRC dividends. Bitcoin and ether spot ETFs saw combined outflows of $111 million...

SpaceX disclosed 18,712 BTC purchased for ~$661 million and valued at $1.29 billion as of March 31 in its S-1 filing, positioning it among the largest corporate holders. The aerospace giant completed its historic Nasdaq debut, raising $75 billion in the largest IPO ever, with shares surging in post-IPO trading. Unlike dedicated Bitcoin treasury firms, SpaceX treats its holdings as a non-core strategic cash reserve, a framing that could...