Bitcoin Giant Strategy Moves to Retire $1.5 Billion in Convertible Debt, Says It Could Sell BTC
Strategy is taking steps to pare down convertible debt with an agreement to repurchase $1.5 billion in notes—and again teased Bitcoin sales.
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The post STRC Hits Record $1.53B Trading Volume, Says Michael Saylor appeared on BitcoinEthereumNews.com. Michael Saylor said STRC recorded an all-time high volume day with $1.53B in liquidity. Peter Schiff renewed criticism of STRC, calling the preferred shares a centralized Ponzi. Strategy’s BTC buys slowed to 535 BTC last week, but traders expect buys above 10K soon. Michael Saylor highlighted STRC’s record trading activity after the preferred stock posted what he described as an “all-time high volume” day with $1.53 billion in liquidity and just “two cents of volatility.” Strategy CEO Phong Lee also referred to the session as a “record day” on X. The surge in activity came as traders positioned around Strategy’s preferred shares ahead of the May 15 ex-dividend date. Trading volume in STRC has remained elevated for weeks as investors continue funding Strategy’s Bitcoin accumulation strategy through the yield-bearing instrument. Bitcoin Funding Model Draws More Attention The trading
Read full articleStrategy is taking steps to pare down convertible debt with an agreement to repurchase $1.5 billion in notes—and again teased Bitcoin sales.
The development of STRC could revolutionize digital finance by integrating Bitcoin-linked credit products, potentially reshaping investment landscapes. The post Strategy aims for $100B AUM with STRC liquid credit product appeared first on Crypto Briefing.
Strive is turning its SATA preferred stock into a daily-dividend Bitcoin treasury product, positioning the security as a higher-yield, faster-paying alternative to Strategy’s STRC just as Michael Saylor’s preferred-stock vehicle posted record trading activity. The company said SATA will begin paying cash dividends every business day from June 16, 2026, while maintaining a 13.00% annualized […]
BTC's Thursday price spike came to a painful end on Friday.
Bitcoin’s break above $82,000 and a return of strong institutional demand are prerequisites to confirm a trend change for BTC price.
The post Rune tanks 11% after attackers move $10M in THORChain exploit appeared on BitcoinEthereumNews.com. THORChain, one of the leading decentralized cross-chain DEXs, is the latest victim of a major hack across several blockchain platforms. As per the security warnings issued on May 15, 2026, THORChain suffered losses of about $10 million in cryptocurrencies. The attack targeted the BTC, ETH, BNB Chain, and Base blockchains, with the stolen crypto coins swiftly transferred into certain wallets. So far, the THORChain team has not issued an official comment. Hackers targeting crypto grow bolder Approximately $25 million has been lost to hacks in the crypto space since the start of May. Today’s hack targeted THORChain’s cross-chain liquidity services, enabling unauthorized token withdrawals from pools on the Bitcoin, Ethereum, BNB Chain (formerly BSC), and Base blockchains. While initial estimates pointed to losses of more than $7.4 million, the latest data from security firm PeckShi
Bitcoin traders split between a "massive catch-up" with stocks and the start of its "next downtrend" as BTC price action failed to flip $82,000 to support.
The post Strategy’s Main Bitcoin Acquisition Vehicle Sees Massive $1.5B Trading Explosion appeared on BitcoinEthereumNews.com. They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roa