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Project Overview
StarkNet is a permissionless, decentralized Validity-Rollup (also known as a "ZK-Rollup"). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scalability for its computations without compromising Ethereum's composability and security. This is possible due to StarkNet's reliance on the safest and most scalable cryptographic proof system: STARK.
Michael Saylor: Digital Credit Could Be the Next Billion-Dollar Financial Opportunity
Odaily News: Michael Saylor, Executive Chairman of digital asset financial firm Strategy, stated that if you're looking for the next billion-dollar financial business, you should explore digital credit. He noted that digital credit can transform Bitcoin-centered capital strategies into yield-generating products. Within Strategy's digital credit product line, the Stride Preferred Stock (STRD), Stretch Preferred Stock (STRC), Strike Preferred Stock (STRK), and Strife Preferred Stock (STRF) offer effective yields of 15.29%, 12.63%, 12.08%, and 10.38%, respectively. These preferred securities provide the company with an additional financing avenue beyond common stock and debt.
Strategy Plans to Change STRC Preferred Stock Dividends to Semi-Monthly
Odaily News: Strategy has proposed adjusting the dividend mechanism for its STRC preferred stock, planning to change the current monthly dividend distribution to twice a month (semi-monthly), subject to shareholder approval.STRC is a perpetual preferred stock, targeting trading near a par value of $100, with its price regulated through a floating dividend mechanism. The current annualized dividend yield is approximately 11.5%. The company stated that increasing the dividend frequency helps reduce reinvestment lag, enhance market liquidity, and improve price stability.STRC is one of a series of preferred stock financing instruments within Strategy, forming part of its capital structure alongside products like STRF, STRE, STRK, and STRD. These instruments have already helped the company raise significant funds for its ongoing accumulation of Bitcoin.
STRC Perpetual Preferred Shares Record $1.1 Billion in Daily Trading Volume, Continuously Fueling the Engine for BTC Accumulation
Odaily News Bitcoin treasury company Strategy's perpetual preferred shares, STRC, recorded approximately $1.1 billion in trading volume on April 13, representing a nearly 47% increase from the previous record. This has become a core financing tool for the company to accelerate its Bitcoin accumulation. Strategy raises capital by selling preferred shares like STRC and uses the funds for high-frequency Bitcoin purchases.Data shows that Strategy recently purchased 13,927 BTC for approximately $1 billion, bringing its total holdings to 780,897 BTC. The related funds primarily came from the issuance of over 10 million STRC shares. Within the overall capital plan, STRC, along with STRK, STRF, STRD, and common stock financing, constitutes its "42/42" financing framework. The goal is to raise $84 billion by 2027 for continuous Bitcoin purchases. Current market views suggest that STRC is gradually becoming the dominant instrument within this financing system. (The Block)
Strategy upgrades STRC and other preferred share control panels, adding risk assessment metrics such as Sharpe Ratio.
According to a post by MicroStrategy founder Michael Saylor, MicroStrategy has upgraded the dashboard for four preferred stock products: STRC, STRD, STRK, and STRF, adding metrics such as Bitcoin rating, after-tax effective yield, and one-year Sharpe ratio. These new tools can be used to evaluate the yield levels, credit quality, downside protection, and risk-adjusted returns of the relevant products.
Saylor sells 3,500 Bitcoin; DylanLeclair says the market didn't notice until Strategy disclosed it.
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.
Strategy Plans to Support $1 Billion Preferred Stock Buyback Through $1.25 Billion Bitcoin Monetization Program
on June 29, Strategy raised the annualized dividend of STRC to 12% and authorized a $1 billion buyback plan covering four preferred securities: STRC, STRF, STRD, and STRK, with STRC as the initial priority repurchase target. Strategy disclosed that the buyback funds will not come from its approximately $2.55 billion cash reserve, but may instead come from the concurrently approved $1.25 billion Bitcoin monetization program. STRC traded in the mid-to-high $80 range this week, dipping below $85 on some trading days, falling short of Strategy's long-term trading target of $99 to $100. Peter Schiff stated that prices below $87 for STRC indicate Wall Street's skepticism regarding the pace of Bitcoin growth. (Bitcoin.com News).
Starknet v0.14.3 will launch on Mainnet this month, supporting features such as dynamic L2 gas adjustment.
The new version will support dynamic L2 gas base fee adjustments based on STRK, improve block generation speed, reduce the target L2 gas consumption per block while keeping the maximum block size unchanged, and deprecate RPC 0.8.
Related news
Strategy: Bitcoin Needs to Fall 83% to Hit 1x BTC Rating on STRC
Strategy stated that, according to its internal model, Bitcoin's price would need to drop 83% from current levels to $13,136 for STRC to reach a 1x BTC Rating. This metric indicates that the value of the Bitcoin reserve equals the nominal debt and preferred stock claims counted against the security, and is not an external credit rating.The model shows that the Bitcoin price thresholds for STRF, STRC, STRE, STRK, and STRD are $1,519, $13,136, $14,198, $15,857, and $17,517, respectively, while the threshold for debt under this model is zero. The BTC Rating does not imply that STRC will default, suspend dividends, or trade at a specific price.As of August 30, Strategy held 845,050 Bitcoin and $6.71 billion in cash assets. On August 31, the company disclosed a repurchase of $152 million in STRC and allocated $30 million to its dollar cash position, bringing that balance to $1.61 billion. Its latest Bitcoin transaction added 4,603 coins for approximately $369.7 million, at an average price of $80,318. (Bitcoin.com News)
Arthur Hayes: With Bitcoin Trading Sideways, Strategy Faces Three Options—Share Issuance, Selling BTC, or Cutting Dividends
Odaily News: Arthur Hayes stated that Bitcoin has been trading sideways around the $80,000 mark for most of this week, which may undermine the foundation of Strategy's Bitcoin strategy. Strategy currently holds 840,447 BTC and is required to pay approximately $1.5 billion in annual dividends on STRK and STRC.Digital asset treasury company Strategy has an enterprise value mNAV of approximately 1.01x, with basic mNAV and diluted mNAV standing at around 0.73x and 0.74x, respectively, as of August 27—close to the book value of its Bitcoin holdings.Arthur Hayes noted that Michael Saylor could choose to issue new shares, directly sell Bitcoin, or cut preferred stock dividends. The STRK dividend yield is 8%, while STRC offers a dividend yield between 10% and 11.5%. (Bitcoin.com News)
Strategy upgrades STRC and other preferred share control panels, adding risk assessment metrics such as Sharpe Ratio.
According to a post by MicroStrategy founder Michael Saylor, MicroStrategy has upgraded the dashboard for four preferred stock products: STRC, STRD, STRK, and STRF, adding metrics such as Bitcoin rating, after-tax effective yield, and one-year Sharpe ratio. These new tools can be used to evaluate the yield levels, credit quality, downside protection, and risk-adjusted returns of the relevant products.
Michael Saylor: Digital Credit Could Be the Next Billion-Dollar Financial Opportunity
Odaily News: Michael Saylor, Executive Chairman of digital asset financial firm Strategy, stated that if you're looking for the next billion-dollar financial business, you should explore digital credit. He noted that digital credit can transform Bitcoin-centered capital strategies into yield-generating products. Within Strategy's digital credit product line, the Stride Preferred Stock (STRD), Stretch Preferred Stock (STRC), Strike Preferred Stock (STRK), and Strife Preferred Stock (STRF) offer effective yields of 15.29%, 12.63%, 12.08%, and 10.38%, respectively. These preferred securities provide the company with an additional financing avenue beyond common stock and debt.
Saylor sells 3,500 Bitcoin; DylanLeclair says the market didn't notice until Strategy disclosed it.
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.
Binance Will Adjust Minimum Price Precision for 31 Spot Trading Pairs Including BERA, FIL, etc.
Binance will complete the adjustment to the minimum price precision for certain spot trading pairs before 13:00 on July 22 (UTC+8), involving AUCTION, BB, BERA, EPIC, ETHFI, FIL, GLMR, GTC, HFT, LQTY, PEPE, QI, RARE, RESOLV, STRK, ZIL, totaling 31 trading pairs.