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Strategy holds nearly a million Bitcoin while trading at a fraction of last year's price, and the question dividing Wall Street is whether the capital-markets engine that makes it compelling is the same one that could eventually break it.

The world's largest corporate Bitcoin holder has sold hundreds of millions of dollars in BTC since June as it changes how it funds dividends and manages its cash.

Wall Street analysts refuse to abandon their buy calls on a stock that has collapsed 75% over the past year, and one outlier has staked a price target so aggressive it would require a near-total reinvention of how the market values bitcoin leverage.

The average brokerage recommendation (ABR) for Strategy (MSTR) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?

Ashva Capital Management, an investment management company, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. Ashva Capital LP generated a 23.1% net return through June 30, 2026, compared to a 9.6% gain for the S&P 500 over the same period. In the first quarter, market volatility highlighted investment opportunities, […]

Until the price of Bitcoin recovers, Strategy is going to have a hard time attracting new investors.

Peter Schiff urges investors to dump Bitcoin and MSTR as gold tops $4,400 and silver climbs toward $66 an ounce.

Strategy now holds 840,447 Bitcoin for an aggregate purchase price of approximately $63.36 billion, the company said in a regulatory filing.

Strategy Inc. recently reported second-quarter 2026 results showing revenue of US$122.37 million but a very large net loss of US$8,219.63 million, driven largely by Bitcoin-related unrealized losses, and has begun selling Bitcoin and issuing stock to repurchase preferred shares and build its US dollar reserve. The shift from relentless Bitcoin accumulation to using Bitcoin sales and equity issuance for capital management marks a new phase in Strategy’s attempt to support its preferred...

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by co-host Tim Grant, CEO of Deus X Capital, to start off the conversation with Strategy President and CEO Phong Le. He explains why he expects Strategy to outperform Bitcoin in the next bull cycle, how its STRC product and "digital credit" framework aim to make Strategy the "JP Morgan of digital finance." Bitwise Asset Management Head of Research Ryan Rasmussen breaks down Q2 earnings from Circle, Galaxy, and American Bitcoin, arguing the market is mis-pricing Circle ahead of a multi-trillion-dollar stablecoin era. Plus, Jennifer and Tim unpack Bitcoin ETF flows, the best week since April at $853 million in net inflows, and Tim lays out his thesis on sovereign AI, data privacy, and where decentralization fits into the next wave of compute. - Learn more at bullish.com. - Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com. - To get market moving news delivered daily, download CoinDesk’s mobile app: linktr.ee/coindeskapp.

Strategy sold $109M in Bitcoin last week, using the proceeds to buy back STRC while leaving its separate USD Reserve capacity untouched.

Strategy's latest 8-K just sent shockwaves through the entire Bitcoin mining sector, and the fallout raises a bigger question about whether Michael Saylor's capital pivot is only getting started.

Solstice Finance has launched a Solana-based token that takes the dividend from a Nasdaq-listed preferred stock and divides it into two pieces with different risk levels, a first for decentralized finance. Solstice Finance is a platform that builds yield products for institutional investors on ...

Michael Saylor's Strategy (Nasdaq: MSTR) slipped 0.46% to $99.20 at Monday's open after disclosing it sold another $108.6 million worth of Bitcoin. Strategy sold 1,690 Bitcoin (BTC) between Aug. 3 and Aug. 9 at an average price of $64,262, according to an Aug. 10 filing with the US Securities and ...

Scott Melker discusses the latest crypto-related headlines, including Michael Saylor's (MSTR) sale of another $108M of bitcoin (BTC-USD). "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Scott Melker discusses Strategy's (MSTR) latest bitcoin (BTC-USD) sale. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

YieldMax ETFs chief strategist Mike Khouw explains how the firm's options-based ETFs use covered call spreads rather than traditional covered calls, targeting roughly 80% participation in outsized upside moves while still generating monthly income for investors. Speaking to Proactive's Stephen Gunnion, Khouw outlined the difference: by selling an upside call and buying a higher-strike call above it, YieldMax avoids capping gains entirely when a stock makes an unusually large move. Khouw describes the range of ETFs launched with HanETF, including YMAG, a diversified fund-of-funds across YieldMax strategies; NATY, focused on defence; CHPY, targeting semiconductors and IT hardware; and MSTY, a single-stock strategy built around Strategy (formerly MicroStrategy), which he describes as primarily a Bitcoin play run by Michael Saylor. On who these products suit, Khouw said they are designed for investors seeking a balance between equity participation and income - a substitute for the dividend-paying stocks that are less common today. He described them as 'equity light': more equity exposure than a bond, less than a pure stock holding, with some downside volatility reduction built in through the spread structure. Khouw noted that options-based income ETFs currently represent only about 1% of the entire US ETF market, and an even smaller share elsewhere, but expects that proportion to grow materially as ageing demographics push more investors to seek income from accumulated assets and as appetite for alternatives to conventional fixed income increases. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #YieldMaxETFs #YMAG #coveredcall #optionsETF #incomeInvesting #HanETF #MSTY #CHPY #ETFincome #dividendAlternative

US-based investment company McIntyre Partnerships delivered flat performance in H1 2026, returning 0% gross and -1% net compared to the Russell 2000 Value Index’s 23% return. A copy of the letter can be downloaded here. The second quarter results were a complete reversal of Q1 results, with the portfolio appreciating 23.0% (gross) and 23.3% (net), […]

The company’s fourth Bitcoin sale since June underscores its push to build cash and reassure investors.

US-based investment company McIntyre Partnerships delivered flat performance in H1 2026, returning 0% gross and -1% net compared to the Russell 2000 Value Index’s 23% return. A copy of the letter can be downloaded here. The second quarter results were a complete reversal of Q1 results, with the portfolio appreciating 23.0% (gross) and 23.3% (net), […]

US-based investment company McIntyre Partnerships delivered flat performance in H1 2026, returning 0% gross and -1% net compared to the Russell 2000 Value Index’s 23% return. A copy of the letter can be downloaded here. The second quarter results were a complete reversal of Q1 results, with the portfolio appreciating 23.0% (gross) and 23.3% (net), […]

Strategy Inc. co-founder Michael Saylor said OpenAI‘s ChatGPT helped Strategy design a novel preferred stock structure that ultimately enabled it to raise roughly $15 billion to purchase additional Bitcoin. How ChatGPT Helped Strategy Design a New Bitcoin Funding Vehicle Speaking...

Michael Saylor says Strategy needed to prove it could sell Bitcoin without crashing the market or undermining its treasury model. Strategy sold 1,638 BTC for ...

Serial cryptocurrency acquirer Strategy (NASDAQ: $MSTR) continued to sell both Bitcoin (CRYPTO: $BTC) and its commo...

(Bloomberg) -- Michael Saylor’s Strategy Inc. spent another week revising the company’s capital structure by selling more Bitcoin and common shares to bolster its cash reserve. Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AIIran Shakes Up Security Team After Saying Oman Deal ‘Very Close’Stocks Waver Near Record Highs, Crude Oil Advances: Markets WrapTrump Amps Up Pressure on Billionaire Sargeant to Exit VenezuelaIran Says Hormuz Deal Close But Its Condi

Strategy sold 1,690 Bitcoin for $108.6 million to buy back STRC shares still trading below their $100 par value.

Strategy, the bitcoin-hoarding firm founded by Michael Saylor, said it sold 1,690 bitcoin last week to fund preferred stock repurchases. Strategy said last Monday that it had offloaded about $105 million worth of the cryptocurrency in the prior week. Strategy also sold about $653.1 million worth of common stock shares mainly to boost its U.S. dollar cash reserves, which stood at $4.65 billion as of Sunday.

All of the proceeds went into a $109 million STRC buyback, while the company sold six times as much again in its own stock.

Michael Saylor built his fortune and his reputation on a single promise: never sell bitcoin. Strategy has now broken that promise multiple times in quick succession, but one specific number buried in its preferred stock data reveals exactly when the selling stops.

Both IBIT and MSTR promised Bitcoin exposure, but in 2026 they delivered very different kinds of pain. Before you decide which one deserves a spot in your portfolio, you need to understand what you are actually buying with each.