News linked to both this project and an event.
According to official news from Apyx, during the recent Bitcoin decline, as STRC hit its historical maximum drop, the secondary market price of apxUSD fell to $0.90. Throughout the event, the protocol remained solvent, and no bad debts were generated in the Morpho lending market.In response to issues exposed during this stress test, such as inaccurate overnight liquidity and net asset value display, Apyx officially announced Apyx 2.0. This version introduces two independent metrics—redemption value and total collateral value—to eliminate the first-mover arbitrage option associated with NAV-based redemptions.Furthermore, Apyx 2.0 will launch a new RFQ redemption system, allowing approved counterparties to provide redemption execution around the reserve through competitive bidding. The team also officially committed that if apxUSD deviates from NAV by more than 2% in the future, a public status update will be released within 2 hours.
According to The Block, Susie Ward, CEO of Bitcoin Policy UK, publicly criticized Strategy founder Michael Saylor’s promotional video for STRC during an interview at last week’s BTC Conference in Prague, calling it “dishonest” for failing to accurately disclose the product’s risk profile. STRC is a perpetual preferred share offering an 11.25% dividend; Strategy raises funds through its issuance to continuously purchase bitcoin. Ward stated that although she is a staunch bitcoin supporter and also a shareholder of Strategy, she remains cautious about the company’s model of accumulating bitcoin via leverage and equity dilution—arguing that such practices tie bitcoin’s reputation to “fiat games,” with some projects resembling meme coin pump-and-dump schemes.
Odaily News, Susie Ward, CEO of Bitcoin Policy UK and a Bitcoin advocate, stated that although she is also a shareholder of Strategy, she is concerned about the way Michael Saylor promotes STRC, arguing that he has not fully explained the risks of the product.STRC is a perpetual preferred stock issued by Strategy, offering a dividend yield of 11.25%. Strategy raises funds by selling this type of preferred stock and uses the proceeds to continue purchasing Bitcoin, serving its long-term BTC accumulation strategy.Ward stated that when Saylor showcased STRC's returns in a related video, it gave the impression that it was “risk-free,” and she believes this expression is “dishonest.” She is particularly concerned that investors may underestimate the structural risks behind the model of using high-dividend preferred stock financing to purchase Bitcoin.
BitcoinTreasuries.NET posted on X platform, stating that pre-market trading is now open, with both SATA and STRC recovering to near $100 face value. SATA's daily dividend payment will begin in 6 days, supported by Apyx_fi, offering double-digit yields to everyone.
the dividend-backed stablecoin protocol Apyx announced it has temporarily withdrawn most of the protocol's own liquidity during the U.S. stock market closure to protect existing users and ensure fair treatment for all holders.Apyx stated that since STRC cannot be traded over the weekend, the protocol is unable to actively manage exposure or trade the underlying assets. Maintaining normal liquidity could cause a significant deviation between the secondary market price and the net asset value (NAV) of the underlying collateral, potentially benefiting or harming some users.Apyx said it plans to restore liquidity and resume normal market operations before the U.S. stock market reopens on June 8.
Peter Schiff, a well-known gold bug and cryptocurrency critic, posted on X: "Most STRC investors may end up losing most of their money. Once Michael Saylor is forced to cancel the dividend payments, the price of STRC will eventually crash. When that happens, a wave of lawsuits is likely to further exacerbate the problems facing Strategy (MSTR). Investors who suffer losses due to misleading promotions are expected to seek compensation through legal channels to recover their investment losses."
Michael Saylor posted on platform X, stating that this is the final voting week to support the semi-monthly dividend plan, urging shareholders who have not yet voted to participate immediately. He believes this upgrade will help enhance the utility of Digital Credit for BTC, MSTR, and STRC, and called on shareholders to spread the information to other holders to garner support.
According to official announcements, Bondify—the RWA liquidity protocol under the CIAN ecosystem—has officially launched (Bondify.xyz). Bondify is positioned as structured-product infrastructure for RWAs and yield-generating on-chain assets, aiming to transform inherently illiquid and hard-to-trade leveraged loop positions into portable, priceable, and tradable on-chain yield and position instruments. At launch, Bondify will initially support the native loop-position migration of Saturn sUSDat/AUSD on Morpho. For users who have already established loop positions on Morpho, migrating to Bondify enables them to sell future yield or points exposure from their positions ahead of time via Yield Tokens (YTs), thereby locking in part of their value upfront while retaining their original risk exposure. For users bullish on Saturn/STRC points or yield expectations but unwilling to set up full loop positions themselves, purchasing YTs allows them to gain yield/points exposure over a defined period with minimal capital outlay. Additionally, Bondify provides standardized loop-position representation and secondary-market trading capabilities, offering existing loopers more flexible options for position transfer and exit.
Michael Saylor, chairman of Bitcoin reserve company Strategy, posted a "Working Better" message on Sunday, accompanied by a bubble chart tracking Strategy's Bitcoin purchases over the past six years. This chart has previously appeared multiple times before Strategy announced new Bitcoin purchases.This statement comes ahead of the proxy voting deadline on June 7. Strategy is seeking shareholder approval to change the dividend payment frequency of its STRC perpetual preferred stock from monthly to semi-monthly and is urging retail shareholders to submit their proxy votes. The company stated that the amendment requires at least 50% approval from the 85 million shares outstanding as of April 17, 2026, to pass. (cointelegraph)
Michael Saylor posted on platform X, stating that CFTC guidelines are driving the development of the Bitcoin capital market, including 24/7 trading, BTC collateral, perpetual futures, options, and regulated access. This will benefit BTC holders, power the MSTR engine, and support the development of STRC as Bitcoin-backed digital credit.
: STRC once fell to $97.11, then rebounded and closed at $98.57. Attention is being paid to Strategy's ability to continue using this preferred security as a financing tool through ATM issuance.After repurchasing $1.5 billion in convertible debt, Strategy's cash reserves dropped to approximately $871 million, only covering about six months of its estimated $1.7 billion annual preferred dividend obligations. Strive's perpetual preferred security SATA remains near its $100 par value, supported by an approximately 13% dividend yield and the company's plan to launch daily dividend payments.
crypto research institution Delphi Digital has released its latest report, "How Far Can Saylor Stretch It," providing a systematic analysis of Strategy's Bitcoin (BTC) capital expansion mechanism. It indicates that the company's financing structure is transitioning from a phase of "low-cost accumulation" into one of "diminishing marginal efficiency."The report shows that within the current asset accumulation system centered on Bitcoin, STRC has become the core financing tool for Strategy's continued BTC purchases. Initially, the company relied on a significant premium in MSTR's stock price (with mNAV far exceeding BTC's net asset value) to create a positive cycle where "issuing shares meant increasing holdings." However, as valuations have receded to approximately 1.24 times the base mNAV of enterprise value, the BTC-per-share accretion effect from common stock issuance is approaching a break-even point.Meanwhile, while convertible bonds have played a crucial role historically, they have accumulated a principal of approximately $8.2 billion and face concentrated repayment pressure after September 2027, putting long-term strain on the sustainability of the financing structure.STRC provides Strategy with a continuous source of financing—used to maintain its BTC buying pace—by offering yield-seeking investors an approximately 11.5% annualized monthly dividend. However, this mechanism also introduces ongoing cash flow obligations, meaning that each round of financing simultaneously builds future dividend burdens while increasing BTC assets.The report emphasizes a key risk scenario: if BTC's price remains stagnant and MSTR's premium fails to recover, the "gains from STRC-financed coin purchases" could be progressively offset by "common stock dilution and dividend obligations." Although the company's approximately $2.25 billion cash reserve can cover its roughly $1 billion redemption pressure in 2027, its larger debt and dividend structure in 2028 remains unresolved.Furthermore, STRC's current authorized issuance limit of approximately $28.3 billion serves as a critical constraint. Once this limit is reached, the capacity for new BTC purchases may slow, yet existing dividend obligations will persist—thereby altering the overall dynamic growth trajectory of BTC per share.
Brazilian listed company OranjeBTC (OBTC3) has voted in favor of Strategy's proposal to adjust STRC dividends to semi-monthly distribution. OranjeBTC stated that it believes this adjustment could reduce volatility, deepen liquidity, and drive stronger demand. (BitcoinTreasuries.NET)
According to The Block, Bernstein analysts stated in their latest report that the fundamentals of the crypto market are continuously improving. Bitcoin’s recent low of $60,000 has formed a clear bottom, and with the current price approaching $80,000, a longer-term structural bull market is likely, driven by institutional demand. Bernstein analyst Gautam Chhugani highlighted the following key drivers: • Ongoing expansion of institutional channels: Morgan Stanley’s Bitcoin ETF and Charles Schwab’s spot Bitcoin/Ethereum trading platform have both recently launched; approximately 60% of Bitcoin supply has remained unmoved for over one year, indicating a stabilizing holder structure; • Persistent accumulation by Strategy: Its STRC perpetual preferred stock product has attracted yield-oriented investors, and its current holdings stand at 818,334 BTC; • Stablecoin demand hits an all-time high: Stablecoin supply has surpassed $30 billion, decoupling from the crypto market’s price cycle and reflecting sustained real-world payment and settlement demand; • Tokenized real-world assets accelerating growth: Tokenized private credit and Treasury assets now total $34.5 billion, representing a 110% year-on-year increase. Bernstein also cautioned that quantum computing poses a long-term potential risk, though it expects the blockchain ecosystem to have ample time to complete the transition to post-quantum security.
Saturn announced the purchase of an additional $18 million worth of $STRC shares this week, bringing its total holdings to $33 million.It is reported that Saturn is an on-chain yield stablecoin issuer powered by Strategy's Stretch STRC. (BitcoinTreasuries.NET)
Odaily News Saturn, the on-chain yield stablecoin issuer backed by Strategy's Stretch STRC, announced that it has purchased 150,000 shares of STRC within 6 days since its launch, valued at $15 million. (BitcoinTreasuries.NET)