News linked to both this project and an event.
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)
Odaily News, Bitget has released its August 2026 transparency report, disclosing the latest progress in building its multi-asset trading ecosystem. In terms of US stock tokens, taking rNVDA as an example, its single-day trading volume reached $38.5 million, with over 4,200 users completing approximately 112,800 trades. Around 36% of this trading volume occurred outside regular US market hours, reflecting that rToken is becoming a core tool for investors to break through traditional trading time constraints and achieve 7×24-hour global asset allocation.On the institutional business front, Bitget has launched an institutional-grade CFD liquidity solution targeting quantitative teams, proprietary trading firms, funds, brokers, and high-net-worth professional traders, supporting high-frequency quantitative trading, spot-futures arbitrage, and automated trading scenarios such as EAs. Meanwhile, the platform has listed FCNs (Fixed Coupon Notes), bringing traditional financial structured products into the tokenized US stock market, making it the first crypto exchange to combine the FCN structure with USDT settlement and US stock rToken delivery. As related products and trading infrastructure continue to improve, Bitget is further strengthening its capabilities in institutional-grade services, multi-asset coverage, and liquidity.Additionally, third-party data shows that Bitget stands out in terms of liquidity and execution efficiency for tokenized stocks and stock perpetual contracts. In DeFiLlama's liquidity benchmark tests covering five stock spot markets — MSTR, SPY, QQQ, CRCL, and NVDA — Bitget recorded the lowest median bid-ask spread of 0.83 basis points and maintained the deepest order book liquidity across all sampled markets. In execution benchmark tests covering 36 stock perpetual contracts and 8 metal and commodity perpetual contracts, Bitget maintained a deep lead on approximately 90% of trading pairs.
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)
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.
Bybit today added three US stock perpetual contracts: Infleqtion (INFQUSDT), Direxion Daily S&P 500 Bull 3X ETF (SPXLUSDT), and T-Rex 2X Long MSTR Daily Target ETF (MSTUUSDT), supporting up to 25x leverage.
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.
According to Odaily, data from MSX.COM shows that Strategy (MSTR)'s stock price has fallen below $94, possibly impacted by news that MSCI is considering removing bitcoin treasury companies from its index system.Analysts believe that if MSCI ultimately decides to exclude bitcoin treasury companies from its indices, it could lead to selling pressure from index funds on related companies and affect their capital market valuation logic.Supporters, however, argue that companies like Strategy have formed a unique balance sheet model by holding bitcoin, integrating digital assets into the traditional financial system, and that these companies still possess long-term investment value. The community is currently calling on MSCI to retain Strategy (MSTR)'s eligibility in the relevant indices.
Odaily News: Bitcoin treasury company Strategy has announced its participation in the U.S. "Invest America Business Pledge" corporate commitment program, which will provide long-term investment support for eligible employees' children through "Trump Accounts."Strategy stated that the company will contribute $250 annually to the Trump Account of each eligible employee's child under 18, regardless of the child's year of birth. For children born on or after January 1, 2025, the company will also make an additional one-time contribution of $1,000, matching the initial funding provided by the U.S. government. Strategy CEO Phong Le stated that the Trump Accounts and the Invest America program help American children build a stronger financial foundation, and the company aligns with the initiative's philosophy of fostering the next generation's wealth management capabilities through long-term investment, financial education, and savings habits. Strategy will officially launch the program once the U.S. Department of the Treasury publishes final implementation rules and the corporate contribution mechanism goes live, and will open registration to eligible employees. (Businesswire)
According to DeFiLlama's latest "Tokenized Stock Research Report", tokenized stocks are becoming one of the fastest-growing sectors, with active market cap increasing from $814 million at the beginning of the year to $1.976 billion, a growth of over 140%. The report conducted a comparative analysis of the stock product architecture, market trading data, and liquidity performance of mainstream platforms including Binance, Bitget, Kraken, Bybit, Hyperliquid, and Ondo Finance. Data shows that in liquidity benchmark tests for the five stock spot markets of MSTR, SPY, QQQ, CRCL, and NVDA, Bitget's stock token rToken had a median bid-ask spread of only 0.83 basis points and maintained the deepest order book liquidity across all sample markets. In execution benchmark tests covering 36 stock perpetual contracts and 8 metal and commodity perpetual contracts, Bitget maintained a leading position in depth across approximately 90% of trading pairs. DeFiLlama noted that as the tokenized stock market continues to mature, liquidity and trade execution quality are becoming key differentiating factors in platform competition. With lower trading costs and deeper order books, Bitget provides a more efficient trading experience for institutional and retail users.
BitcoinTreasuries.NET posted on X, stating that Strategy MSTR has been tokenized on Solana, supporting 24/7 trading; 38 million monthly active users can now access the largest corporate Bitcoin reserve and fully redeem it to traditional brokerage accounts.
According to Bitcoin.com, Strategy Inc. (NASDAQ: MSTR) Executive Chairman Michael Saylor stated that since the company established Bitcoin as its primary reserve asset in August 2020, MSTR stock has achieved an annualized return of 42%, surpassing Bitcoin itself, the "Magnificent Seven" tech stocks, and the S&P 500 Index. As of July 29, Strategy holds 843,775 BTC, with a cumulative purchase cost of approximately $63.69 billion, and an average price of approximately $75,476 per coin, currently showing an unrealized loss of approximately 17.9% compared to the cost price (approximately $11.4 billion). To address the increasingly complex capital structure, Strategy launched three new metrics on July 24: Net BTC Per Share, BTC Hurdle ARR (minimum annualized return required to cover financing costs), and BTC Floor ARR (minimum annualized return required to maintain leverage ratio sustainability), to help investors more clearly assess the actual value of their Bitcoin holdings. Additionally, the company plans to provide funding for preferred stock repurchases through the future sale of a portion of its Bitcoin.
Odaily News: BitcoinTreasuries.NET posted on X platform that Metaplanet's DylanLeclair stated the market did not notice Saylor selling 3,500 Bitcoin until Strategy MSTR released its disclosure document. He also noted that looking back in the future, this will be one of the reasons for STRK’s strong trading performance. Strategy did not issue new shares, and dividends are still being paid.
According to official sources, MGBX will batch list stock token trading pairs including NVDA/USDT, SPCX/USDT, MUB/USDT, CRCL/USDT, SNDK/USDT, TSLA/USDT, AMD/USDT, EWY/USDT, INTC/USDT, MSTR/USDT, META/USDT, LITE/USDT, MSFT/USDT, PLTR/USDT, QQQ/USDT, CBRS/USDT, COIN/USDT, DRAM/USDT, GLW/USDT, GOOGL/USDT, NBIS/USDT, QCOM/USDT, SOXL/USDT, SPY/USDT, WDC/USDT, and SKHY/USDT starting at 18:00 (SGT) on July 27, 2026. The trading will open at 18:00 (SGT) on July 27, 2026.
Coinbase announces it will list perpetual contract products related to CRCL, Robinhood (HOOD), and MicroStrategy (MSTR). The platform plans to open trading for the three perpetual contract markets, CRCL-PERP, HOOD-PERP, and MSTR-PERP, at or after 9:00 UTC on July 21 (17:00 Beijing Time on the 21st).
Coinbase has announced the upcoming listing of perpetual contract products related to CRCL, Robinhood (HOOD), and MicroStrategy (MSTR). The platform plans to open trading for the CRCL-PERP, HOOD-PERP, and MSTR-PERP perpetual contract markets on or after July 21 at 9:00 UTC (17:00 Beijing time on the 21st).
Odaily Strategy Inc. Executive Chairman Michael Saylor posted a chart of the company's Bitcoin purchase history and current holdings on X on July 19, with the caption "What’s next?", but did not disclose any new transactions, funding sources, or plans to increase holdings. The chart shows that the company holds 843,775 BTC, accounting for approximately 4.02% of Bitcoin's fixed supply. Based on a market price of $64,312, the holdings are worth approximately $54.28 billion. The total cumulative purchase cost is about $63.83 billion, with an average purchase price of $75,653. Strategy has not purchased any Bitcoin since June 22, and its holdings remained unchanged during the week of July 6 to July 12. During the week ending July 12, Strategy sold 4,818,781 shares of MSTR common stock, generating net proceeds of $467 million. Of this, $450 million was used to increase its U.S. dollar reserves, bringing cash reserves to $3 billion. Company data shows that these reserves can cover 20.4 months of annual preferred stock dividend obligations, totaling $1.763 billion, and support interest payments on outstanding debt. Strategy previously sold 32 BTC between May 26 and May 31, generating approximately $2.5 million. On July 5, it sold another 3,588 BTC, generating approximately $216 million. Michael Saylor stated that the related funds were used to pay quarterly and monthly dividends.
Odaily News: Michael Saylor posted Strategy's orange dot Bitcoin accumulation chart on X on July 12. Strategy previously sold 3,588 BTC between June 29 and July 5, generating $216 million to support preferred share obligations and strengthen its U.S. dollar reserves. The chart shows Strategy has made 113 BTC purchase events, holding 843,775 BTC with a total purchase value of approximately $63.69 billion and an average purchase price of about $75,476. Strategy’s latest dashboard reveals that its BTC holdings are valued at approximately $53.991 billion based on a BTC price of $63,988. MSTR has a market cap of $35.17 billion, an enterprise value of $54.838 billion, an mNAV ratio of 1.02, U.S. dollar reserves of $2.55 billion, debt of $6.754 billion, and preferred stock value of $15.464 billion. (Bitcoin.com News)
Odaily Odaily Planet Daily reported that Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, stated that the market has misinterpreted Michael Saylor's adjustments to Strategy Inc.'s bitcoin strategy, and the recent selling pressure stems from confusion over this strategy rather than a change in bitcoin's long-term outlook. Strategy Inc. is shifting bitcoin from being a reserve accumulation asset to serving as collateral to support its STRC preferred stock. Kendrick maintains the bitcoin price forecast of $100,000 by the end of 2026. As of press time, BTC was trading at $64,322.89, and Strategy's stock MSTR closed at $94.64 on Friday. The outstanding notional value of STRC is approximately $10 billion, which Kendrick believes makes the preferred stock heavily overcollateralized due to its bitcoin backing. (Bitcoin.com News).
BitcoinTreasuries.NET posted on X platform, stating that Strive's CRO PunterJeff Jeff Walton (@PunterJeff) explained that Strategy's recent sale of 3,500 Bitcoin is actually bullish and helps it buy more BTC. He stated that this will provide more support for STRC and its future growth ability, thereby allowing it to purchase more BTC, and MSTR shareholders should view this positively.
According to the weekly market report released by BIT Official, heavy selling in semiconductor and AI stocks on June 23-24 triggered defensive adjustments by institutional capital. BTC fell below $60K on June 24, hitting a low of ~$59,000 (intraday decline of approximately 5%). Approximately $994 million in liquidations occurred during the same period (of which approximately $780 million were long positions). Approximately $1.2 billion in nominal Put positions at the $60K level forced market makers to short, exacerbating the downward trend. As of the weekend, BTC was quoted at ~$59,992, down 6.9% for the week; ETH was quoted at ~$1,578, down 9.3% for the week. In terms of volatility, DVOL only rose slightly (BTC 44.1→45.7, ETH 57.3→59.5), front-end skew tended to stabilize, and convexity returned to normal. The institutional defensive hedging ratio decreased from 29.6% to 19.7%, shifting towards two-way balance, overall showing characteristics of an "orderly decline" rather than panic selling. In terms of ETFs, for the week ending June 26, US spot BTC ETFs saw net outflows of approximately $1.79 billion, marking the second-highest weekly outflow record in history, and have seen net outflows for 7 consecutive weeks; IBIT net assets decreased to approximately $44.4 billion, with average holders having an unrealized loss of approximately 40%. Strategy purchased only 520 BTC this week (approximately $34.9 million), significantly slowing down compared to the previous two weeks. MSTR stock price has fallen below its BTC book value, and the flywheel effect has been affected