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Monsterra is a free-to-play, blockchain-based game inspired by the pet world of Axie Infinity and the gameplay of Clash of Clans or Boom Beach by Supercell.
Strategy Spends $950 Million on Buybacks, STRC on Track to Return to $100 Par Value
Odaily News — Strategy is using large-scale buybacks to push the price of its perpetual preferred stock STRC back toward its $100 par value, in a bid to restore its Bitcoin financing capacity. Between July 20 and September 13, Strategy repurchased a total of 9.96 million STRC shares for approximately $950 million, accounting for about 18% of the trading volume during the same period. Of that, roughly $765 million can be traced to sales of MSTR common stock, while another approximately $161 million came from Bitcoin reductions.STRC had previously fallen to around $70, and has recently rebounded to as high as about $99. Analysts believe that only when STRC's price approaches or climbs above its $100 par value can Strategy effectively reissue the security and use the proceeds to purchase Bitcoin. However, after Strategy pulls back and reduces its buybacks, whether STRC can continue to hold near par value remains uncertain. (Bloomberg)
STRATEGY is valued at approximately $7.2 million, with trades executed via tokenized MSTR stock
Odaily News: The Meme coin STRATEGY is valued at approximately $7.2 million on Robinhood Chain, with its main liquidity pool paired against tokenized MSTR stock. The token launched on September 4 and is not an equity certificate for Strategy stock.As of September 14, STRATEGY was priced at approximately $0.0078, with liquidity of about $808,600 and 24-hour trading volume of about $691,000. Supporters claim that the value of MSTR Stock Tokens in the pool exceeded $362,000 within 10 days. (Bitcoin.com News)
Strategy raises $20.9 billion year-to-date, ranking fourth among U.S. stocks, with BTC holdings reaching 845,050 coins
Strategy has raised approximately $20.9 billion in cumulative financing this year, ranking fourth in the scale of U.S. equity issuance, trailing only SpaceX, Alphabet, and Intel. According to the latest 8-K filing, the company recently generated $602.8 million in net proceeds from the sale of MSTR common stock, of which $369.7 million was used to purchase 4,603 BTC at an average price of approximately $80,318. As of August 30, Strategy holds a total of 845,050 BTC, with a cumulative purchase cost of approximately $63.73 billion and an average cost of approximately $75,412 per coin. Additionally, MSCI's consultation regarding companies with digital asset financial reserves is set to conclude on September 30, with the market closely watching whether it will adjust the inclusion criteria for relevant indices.
Strategy Bitcoin holdings profit exceeds $2.8 billion, holding 840,400 BTC
Odaily News – Enterprise software company Strategy holds 840,400 BTC valued at approximately $66.4 billion. Based on a Bitcoin price of roughly $79,007, this represents an increase of about 4.4% from the average purchase cost of $75,653, with paper profits exceeding $2.8 billion.Michael Saylor posted a holdings chart on Sunday with the caption "We're Back." Strategy has not added to its Bitcoin position for about two months and typically discloses weekly purchases on Monday mornings; this post did not indicate whether a purchase is imminent.Strategy recently raised $334 million by selling MSTR stock without touching its Bitcoin holdings; in recent months, it has also sold small amounts of Bitcoin to pay preferred stock dividends and fund share buybacks. (Decrypt)
Strategy holds 840,447 BTC, with paper gains of approximately $2.53 billion
Odaily News: Business intelligence software company Strategy holds 840,447 BTC at an average purchase price of $75,385. After Bitcoin rose for five consecutive days, breaking above $78,000, the position has returned to profitability for the first time since July.Based on a Bitcoin price of $78,400, the position is valued at approximately $65.89 billion, representing paper gains of about $2.53 billion against the initial investment of $63.36 billion, a return of roughly 4%. Over the past six weeks, the position's value has fluctuated by approximately $15.5 billion.Since May, Strategy has sold 6,948 BTC, raising approximately $432.5 million. During the same period, the company raised $334 million through sales of MSTR stock, deploying the funds toward preferred stock dividends, STRC buybacks, and dollar reserves, the latter of which currently stand at $6.7 billion. (Decrypt)
Strategy Releases Investor Briefing: 840,000 BTC Establishing a Floor, Digital Credit Strategy Becomes Growth Engine
Odaily News Bitcoin reserve company Strategy released its latest investor briefing, disclosing that as of August 9, the company holds 840,447 bitcoins, accounting for approximately 4% of the total Bitcoin supply. The company stated that its core strategy is not just holding Bitcoin, but also building a "Digital Credit" platform through capital markets to enhance Bitcoin holdings per share.As of August 10, Strategy's stock (MSTR) had a market capitalization of approximately $38.368 billion, corresponding to a 1.06x mNAV (market cap/net Bitcoin value per share). The company noted that MSTR is not a Bitcoin ETF; common shareholders do not directly own the Bitcoin held by the company, but rather are residual interest holders positioned after debt and preferred stock.Strategy stated that the goal of its "Digital Credit" strategy is to issue digital credit products equivalent to 10%-20% of its Bitcoin reserve annually, when market conditions permit, with an expected scale of approximately $5.4 billion to $10.8 billion. The company said that if the long-term yield on Bitcoin exceeds financing costs, this model could increase common shareholders' Bitcoin exposure per share.Strategy emphasized that MSTR, as common stock of a Bitcoin reserve company, has the dual nature of amplifying both returns and risks. The main risks listed by the company include Bitcoin price volatility, changes in financing conditions, mNAV compression, dilution from stock issuance, and debt and preferred stock repayment pressures.To date, Strategy remains one of the public companies holding the largest amount of Bitcoin globally. The company stated that it will continue to increase its long-term Bitcoin holdings and per-share Bitcoin exposure through capital market instruments, digital credit issuance, and proactive asset allocation.
Capital Group's Growth ETF Increases Strategy Holdings by 535,300 Shares, Position Rises to 2.19 Million Shares
Odaily News: Capital Group's Growth ETF has increased its Strategy holdings by 535,300 shares, bringing its total position to 2.19 million shares, valued at approximately $336 million. Capital Group, which manages $3.3 trillion in assets, had previously further increased its position through ANCFX, which purchased 4.32 million Strategy shares in April 2026 for approximately $747 million. ANCFX currently holds 10.33 million shares, valued at approximately $1.78 billion. For traditional asset allocation institutions, MSTR remains a leveraged Bitcoin exposure that can pass compliance reviews through stock exchange channels.
Michael Saylor: SEC innovation exemption is a major breakthrough for digital credit and U.S. capital markets
Strategy founder Michael Saylor (@saylor) stated that the SEC's newly issued innovation exemption order is highly significant—allowing U.S. investors to trade tokenized $MSTR and $STRC 24/7 on-chain through compliant channels, breaking the time limitations of traditional capital markets, and marking an important milestone in the development of the digital credit sector and U.S. capital markets.
Strategy, holding 847,363 BTC, advised to generate income through lending or options instead of selling BTC
Odaily Planet Daily reported that Alex Thorn, Head of Research at Galaxy Digital, stated in a research report on July 3rd that Strategy should explore generating income from its BTC holdings rather than directly selling spot BTC. Strategy previously launched the five-part Digital Credit Capital Framework, which includes a dollar reserve policy, a revised STRC dividend policy, a $1 billion preferred stock repurchase authorization, a $1 billion MSTR stock repurchase authorization, and a BTC monetization plan, while raising the annual STRC dividend rate from 11.5% to 12%. Strategy currently holds 847,363 BTC and has raised over $1 billion through common stock sales, extending its cash coverage period to approximately 17 months. Thorn stated that Strategy could allocate a small portion of its BTC for conservative lending or options strategies, generating income while retaining most of the upside exposure. Strategy still faces preferred stock obligations and $6.7 billion in outstanding convertible debt maturing between 2027 and 2028. (Bitcoin.com News).
Analysis: Strategy Capital Restructuring Alleviates Short-Term Liquidity Pressure, But Structural Risks Remain
Odaily Odaily News, Galaxy Research Head Alex Thorn stated that the capital management reforms recently launched by Michael Saylor's Strategy (MSTR) have effectively eased market concerns over its liquidity and preferred stock system pressure in the short term. However, he noted these measures are more about "buying time" rather than fundamentally resolving structural issues.Over the past few weeks, Strategy has faced pressure on its "Digital Credit" preferred stock system. Its STRC ("Stretch" preferred shares) fell below par value, hitting a low of approximately $71.25, raising market concerns about Bitcoin price declines, shrinking dollar reserves, and the company's ability to pay preferred stock dividends. Subsequently, market discussions focused on three stress scenarios: selling Bitcoin, issuing additional MSTR shares (diluting existing shareholders), or cutting/suspending preferred stock dividends.In response, Strategy announced a comprehensive capital management restructuring on Monday, introducing a "Digital Credit Capital Framework." This includes five key tools: a board-approved dollar reserve policy, an adjustment to the STRC dividend mechanism, a $1 billion preferred stock buyback authorization, a $1 billion MSTR common stock buyback authorization, and a Bitcoin monetization mechanism. Concurrently, the company increased the annualized dividend rate on STRC from 11.5% to 12%.The market reacted positively, with both MSTR and STRC seeing significant gains that day, and Bitcoin also rebounded alongside.Alex Thorn pointed out that this adjustment has improved market sentiment in the short term, extending Strategy's cash coverage cycle to approximately 17 months and enhancing its capital buffer through new financing. However, the company still faces approximately $6.7 billion in convertible bond maturities during 2027-2028, meaning long-term structural risks persist. The core issue is not whether Strategy holds enough Bitcoin (approximately 847,000 BTC), but rather that its dollar liquidity is insufficient to cover preferred stock and capital structure obligations without harming the interests of any party, leading to a squeeze between different classes of shareholders.Nonetheless, the key significance of this adjustment lies in enhancing the "optionality" of the company's capital tools. It shifts Strategy from a single-direction Bitcoin accumulation strategy towards a more proactive asset-liability management model, thereby preventing short-term liquidity issues from evolving into a systemic crisis. Although the current Bitcoin market environment is relatively weak and may not have bottomed out yet, Strategy's new framework has, to some extent, bought the company a window of time to wait for more favorable market conditions.
FBI Director Kash Patel Criticized by Government Watchdog for Delayed Disclosure of Six-Figure MSTR Holdings
According to CoinDesk, FBI Director Kash Patel purchased stock in Bitcoin-holding company Strategy (MSTR) for between $100,000 and $250,000 on November 21, 2025, but did not disclose it to regulators until May 26, 2026, a delay of over 6 months, violating the 45-day disclosure deadline stipulated by the Stop Trading on Congressional Knowledge Act (STOCK Act). Patel later explained to the Office of Government Ethics that it was an unintentional omission caused by "miscommunication." Dylan Hedtler-Gaudette of government watchdog Project on Government Oversight bluntly criticized his behavior as "illegal," and called for a comprehensive ban on federal officials trading stocks. Deputy Assistant Attorney General William Taylor of the Department of Justice stated in a letter on May 28 that the transaction did not constitute a conflict of interest, and the DOJ has not yet fined him.
Rosen Law Firm Investigates Michael Saylor's Strategy Over Potential Securities Fraud Allegations
law firm Rosen Law Firm has announced an investigation into Michael Saylor's company Strategy (MSTR) and STRC, concerning potential securities law claims. According to the law firm, Strategy "may have issued materially misleading business information to the investing public," and is therefore evaluating related investor losses and potential legal liabilities.
Trader Killa: Bitcoin Has Successfully Withstood Multiple Bearish Factors, Market Resilience May Signal Bull Market Characteristics
Trader Killa posted that despite the market facing multiple bearish factors—including the Fed's hawkish decision, rising oil prices, hotter-than-expected CPI data, surging global bond yields, a stronger dollar, the Ledger wallet hack, and market concerns over Strategy (MSTR)'s delisting risk and its pivot to AI—Bitcoin has still maintained range-bound trading. Given the current macroeconomic pressures and negative news, Bitcoin should have fallen below $70,000, but its resilience is noteworthy. The market may be gradually forming a significant interim bottom, and its ability to hold the price range amid bearish shocks indicates that it is absorbing negative news, which is also a typical characteristic of a bull market.
Related funds hold nearly $1.8 billion in MSTR, Strategy faces potential removal from MSCI indices
Odaily reports: Market analyst Murphy posted on X that MSCI officially approved new rules on October 15 to exclude non-operating companies that do not meet standards from its global investable market indices. Strategy had already been placed on the proposed removal list in a prior simulated screening, with the final results to be announced on November 11 and effective on November 30. Related index funds hold approximately 13 million shares of MSTR, valued at nearly $1.8 billion, equivalent to 60% of its 30-day average daily trading volume.Murphy stated that Strategy's core logic lies in driving growth in net Bitcoin per share through capital operations, and whether it can sustain this depends on market premiums and the extent of their contraction. MSTR's future performance depends on three variables: Bitcoin price, net Bitcoin per share, and mNAV; as of market close on October 16, its mNAV stood at 1.08x.
CryptoQuant CEO: MSCI exclusion risk is already priced into the stock, and multiple institutions remain bullish on MSTR.
CryptoQuant Founder and CEO Ki Young Ju posted on X that analysts are not overly concerned about MSCI's decision, and overall market sentiment toward MSTR remains bullish. Target prices from Citibank, Barclays, and B. Riley are $240, $175, and $195 respectively, all recently raised with none lowered. He believes the impact of the MSCI exclusion is primarily limited to index-related fund flows, which have already been reflected in the stock price. What warrants attention now is Strategy's mNAV (the ratio of market capitalization to the value of its held Bitcoin) hovering around 1.0x, its perpetual preferred stock STRC trading at par, and the company's $3.75 billion in reserve funds, which are sufficient to cover dividend payments.
Capital Outflows Could Reach $8.8 Billion as MSCI Plans to Remove Strategy and Other Bitcoin Treasury Companies from Global Equity Indexes
Bitcoin News posted on X that MSCI is advancing a proposed methodology that would classify Michael Saylor's Strategy, Japan's Metaplanet, and other digital asset treasury companies as "non-operating" enterprises, potentially excluding them from the MSCI Global Investable Market Indexes. JPMorgan estimates that passive funds tracking MSCI indexes may be forced to sell $2.8 billion worth of MSTR shares; if other index providers adopt similar rules, the broader capital outflow could reach $8.8 billion. Strategy's reverse analysis shows that MSCI-tracking funds hold approximately 3.1% of its outstanding shares; a final decision is expected around October 16, with implementation potentially beginning on November 30.
"Set 10 Big Goals First": Bitcoin Firmly Holds at $80,000, Targeting $100,000
Odaily News According to a post by whale "Set 10 Big Goals First" on platform X, Bitcoin has firmly established support at $80,000 and is now targeting $100,000, calling it the "last chance to get on board." Based on the chart shared, crypto-related stocks and ETFs such as IBIT, CRCL, and MSTR saw significant gains today.
Michael Saylor Calls for Advancing "Bitcoin Reform," Supporting Institutional Expansion and Custody Options
According to Bitcoin.com, Michael Saylor, Executive Chairman of Strategy (MSTR), introduced the concept of "Bitcoin Reformation" in a published article, arguing that Bitcoin should move beyond dogmatic interpretations of early tenets such as Satoshi Nakamoto, the whitepaper, and the "must self-custody" principle, and further integrate into banking, exchanges, corporate sectors, securities markets, and government systems. Saylor stated that while self-custody remains an essential right allowing holders to freely opt out of intermediary systems, it should not be imposed as a mandatory obligation on everyone; users can also evaluate institutional services based on criteria such as custody segregation, collateral, audits, insurance, and withdrawal rights. He believes that Bitcoin has gradually evolved from a peer-to-peer electronic cash system and "digital gold" into "digital capital" capable of supporting credit, equity, currency, and machine economies.
Strategy shareholders vote to approve company proposal for daily dividends
Strategy shareholders have approved a company proposal for daily dividends with a 99.3% affirmative vote. Going forward, STRF, STRC, STRK, and STRD will accrue interest and distribute dividends on each calendar day.
Michael Saylor Responds to MSCI Potentially Removing MSTR: Sets a "Bad Precedent" for the Industry, Hopes MSCI Will Reconsider
Odaily reports: Michael Saylor, founder of bitcoin treasury company Strategy, responded in an interview with Bloomberg to the possibility that MSCI's new index rules could remove MSTR. He stated that the move does not matter much to Strategy, as the amount of capital they control is relatively small, but he is disappointed with MSCI's stance to date. Oil, natural gas, land, and machinery all count as capital, yet bitcoin does not—this is a value judgment and in fact a bias against digital assets. They are like unregistered financial advisors, setting a "bad precedent" for the entire industry, and he hopes they will reconsider. Digital assets represent the future; MSCI may not want to participate in this future, but investors will not agree, and the United States will not agree either. If MSCI abandons its proposal to remove MSTR, it would benefit the entire industry.Regarding the core dispute over whether Strategy is a company with actual operating business, Michael Saylor compared it to banks and insurance companies. He argued that these financial institutions sell credit and policies, while Strategy uses bitcoin to support digital credit products, so Strategy is an operating enterprise and should be viewed like other financial companies.
QCP: AI credit risk outweighs inflation, becoming the market's primary concern; U.S. Treasury yields fall instead of rising.
According to the market briefing released by QCP Capital (QCP Market Colour), US September CPI rose 3.7% year-over-year and 0.6% month-over-month, with market expectations at 3.6% and 0.6%, respectively. Core CPI increased 2.6% year-over-year and 0.3% month-over-month, exceeding forecasts on both metrics. Despite the resilient inflation data, US Treasury yields retreated significantly. During the prior week, yields on 10-year and 30-year US Treasuries briefly spiked to 5.35% and 5.73%, respectively, before capital flowed into long-dated Treasuries as a safe haven, reversing the reflation trade that had previously dominated the market. QCP noted that this risk-off sentiment was primarily driven by credit stress in the AI infrastructure sector. AI compute provider CoreWeave closed down 15.5% on the day, and its five-year credit default swap (CDS) spread widened to 60%, prompting declines in the NASDAQ and South Korea’s KOSPI indices. Separately, MSCI introduced a new “non-operating company” classification framework this week, which may impact whether certain securities retain their place in the index and trigger forced redemptions from passive funds. Consequently, the index inclusion status of Strategy (MSTR) remains uncertain. QCP argued that credit quality within the technology sector is now displacing inflation and fiscal concerns as the primary constraint on risk appetite. With the tech earnings season commencing in approximately two weeks, the upcoming period will serve as a critical benchmark for determining whether AI-related credit risks could spill over into broader asset classes.
Binance will list ZCSH, MSTU, SNPS, and RDW USDⓈ-Margined TradFi Perpetual Contracts.
Binance Futures will sequentially list USDT-margined TradFi perpetual contracts for ZCSHUSDT, MSTUUSDT, SNPSUSDT, and RDWUSDT starting at 17:00 (UTC+8) on October 12, offering up to 20x leverage. The underlying assets for these contracts are The Zcash ETF Shares (ZCSH), T-Rex 2X Long MSTR Daily Target ETF (MSTU), Synopsys (SNPS), and Redwire (RDW). All support 24/7 trading, and funding rates are settled every 8 hours.
Bitget Launches Series 5 US Stock Dip-Buy & Interest-Earning FCN, Enjoy 25% Off US Stock Purchases and Up to 20% APR
Bitget has launched its 5th series FCN (Fixed Coupon Note), a US equity buy-the-dip and earn-interest product. This tranche features a 1-month tenor, with underlying assets and reference APR including: RKLB (Strike at 80%) 16%–20.31%, TSLA (Strike at 85%) 8%–10.44%, MSTR (Strike at 75%) 12%–15.29%. Subscription for this round closes on September 24 at 16:00 (UTC+8). Product capacity is limited on a first-come, first-served basis.
Michael Saylor: SEC innovation exemption is a major breakthrough for digital credit and U.S. capital markets
Strategy founder Michael Saylor (@saylor) stated that the SEC's newly issued innovation exemption order is highly significant—allowing U.S. investors to trade tokenized $MSTR and $STRC 24/7 on-chain through compliant channels, breaking the time limitations of traditional capital markets, and marking an important milestone in the development of the digital credit sector and U.S. capital markets.
Related news
Mirae Asset Financial Group increases its stake in Strategy (MSTR) by 24%, bringing holdings to 168,634 shares
Bitcoin Treasuries has posted that Mirae Asset Financial Group, with $1 trillion in assets, has increased its stake in Bitcoin treasury company Strategy (MSTR) by 24%, bringing its total holdings to 168,634 shares, valued at $21.8 million. Mirae Asset Financial Group is South Korea's largest asset management company, and this move increases its Bitcoin exposure through the Bitcoin treasury company.
Strategy's STRC rises above $99.95 for the first time in 165 days
Odaily reports: Bitcoin Treasuries posted on X that ahead of Strategy's (MSTR) Q3 earnings call, the price of its Stretch perpetual preferred stock (STRC) rose to $99.95, marking the first time it has reached this level in over 165 days and just $0.05 shy of its $100 par value.
Trader Killa: Bitcoin Has Successfully Withstood Multiple Bearish Factors, Market Resilience May Signal Bull Market Characteristics
Trader Killa posted that despite the market facing multiple bearish factors—including the Fed's hawkish decision, rising oil prices, hotter-than-expected CPI data, surging global bond yields, a stronger dollar, the Ledger wallet hack, and market concerns over Strategy (MSTR)'s delisting risk and its pivot to AI—Bitcoin has still maintained range-bound trading. Given the current macroeconomic pressures and negative news, Bitcoin should have fallen below $70,000, but its resilience is noteworthy. The market may be gradually forming a significant interim bottom, and its ability to hold the price range amid bearish shocks indicates that it is absorbing negative news, which is also a typical characteristic of a bull market.
Strategy CEO: Aiming to Become the World's Largest Company
Bitcoin Treasuries posted on X, stating that Strategy CEO Phong Le said Strategy's goal is to become the world's largest company, and noted that the company currently holds the largest amount of Bitcoin. He also stated that daily dividends will help Strategy issue the world's strongest digital credit, improve STRC, and build the best equity MSTR, thereby increasing Bitcoin holdings and BPS.
Strategy shareholders vote to approve company proposal for daily dividends
Strategy shareholders have approved a company proposal for daily dividends with a 99.3% affirmative vote. Going forward, STRF, STRC, STRK, and STRD will accrue interest and distribute dividends on each calendar day.
Market Cap Surpasses Nasdaq: Strategy's MSTR Enters Global Top 400 Companies by Market Value
Bitcoin Treasuries posted on X that Strategy's MSTR has now surpassed U.S. exchange giant Nasdaq in market capitalization, securing a place among the world's top 400 most valuable companies.