Scan to download
BTC $59,898.69 +0.39%
ETH $1,589.31 +0.94%
BNB $556.04 +0.55%
XRP $1.05 +0.55%
SOL $74.63 +3.74%
TRX $0.3195 -0.57%
DOGE $0.0725 -0.42%
ADA $0.1445 +0.39%
BCH $199.75 +4.06%
LINK $7.30 +0.31%
HYPE $65.79 +5.48%
AAVE $90.51 -1.54%
SUI $0.6944 +1.61%
XLM $0.1790 +3.50%
ZEC $400.73 +4.78%
BTC $59,898.69 +0.39%
ETH $1,589.31 +0.94%
BNB $556.04 +0.55%
XRP $1.05 +0.55%
SOL $74.63 +3.74%
TRX $0.3195 -0.57%
DOGE $0.0725 -0.42%
ADA $0.1445 +0.39%
BCH $199.75 +4.06%
LINK $7.30 +0.31%
HYPE $65.79 +5.48%
AAVE $90.51 -1.54%
SUI $0.6944 +1.61%
XLM $0.1790 +3.50%
ZEC $400.73 +4.78%

capital

All
Article
Flash

Strategy launches a digital credit capital framework, establishes a BTC monetization plan, and two $1 billion repurchase plans

According to the 8-K document submitted to the SEC by Strategy, the company announced the launch of a digital credit capital framework, which includes five core components: dollar reserve policy, adjustment of STRC dividend policy, preferred stock repurchase plan, common stock repurchase plan, and BTC monetization plan.Under the dollar reserve policy, the reserve can only be used to pay preferred stock dividends and debt interest, and management must maintain a reserve sufficient to cover expected dividends and interest expenses for at least the next 12 months. As of June 28, the dollar reserve balance was $2.55 billion.Regarding the STRC dividend, the company will dynamically assess the dividend rate on a monthly basis, considering factors such as trading price, market yield, credit spread, and Bitcoin price volatility, and will not increase the dividend solely because the STRC trading price is below par value. The company also announced an increase in the annualized dividend rate for STRC to 12% from the previous level, effective July 1.In terms of the repurchase plan, the company has established two repurchase authorizations of $1 billion each, to repurchase preferred stocks such as STRC, STRF, STRD, STRK, and Class A common stock, with STRC being the primary target of the preferred stock repurchase plan. Neither of the repurchase plans will utilize dollar reserve funds.In addition, the company's board of directors has authorized the BTC monetization plan, allowing the company to raise up to $1.25 billion by selling Bitcoin, to supplement the dollar reserve, pay preferred stock dividends and interest expenses, or fund the aforementioned repurchase plans.

BlackRock deposited approximately $257 million in BTC and ETH into Coinbase Prime, and Hyperscale Data assets have fully covered its market capitalization

According to BBX data, yesterday institutional funds showed a divergence in their perception of the bottom for Bitcoin, with the core dynamics as follows:BlackRock, Inc. (NYSE: $BLK) yesterday, related entities under the company deposited 2,700 BTC (approximately $169 million) and 52,956 ETH (approximately $88.17 million) into Coinbase Prime institutional custody accounts, totaling about $257 million; reports also indicated "possible additional deposits." This deposit occurred against the backdrop of BTC approaching the key technical support level of $59,000, leading to divergent market interpretations: the optimistic interpretation believes that BlackRock is actively accumulating at the extremely low fear index of 18, signaling institutional-level bottom investment; the cautious interpretation suggests this could be passive rebalancing due to IBIT redemptions or internal asset rebalancing, and does not necessarily represent new buying. Regardless of the intent, the scale of $257 million accounts for about 0.5% of IBIT's current approximately $48 billion to $50 billion AUM, which is relatively small, but as a signal of institutional behavior in an extremely fearful market environment, it holds significant emotional reference value.Hyperscale Data Inc (NYSE: $GPUS) recently disclosed its balance sheet showing that the company holds a total of approximately $94.8 million in cash, restricted cash, Bitcoin, and silver, equivalent to 100.42% of the company's total market value of common stock—meaning the physical assets held by the company fully cover the current total market value. The company holds a 10-year, $1.2 billion AI computing power master service agreement (MSA), providing 20 megawatts of AI computing capacity for its Michigan facility, allowing for the continuous accumulation of Bitcoin and precious metals through cash flow from this contract without incurring debt. This business model—locking in cash flow with AI computing contracts and continuously accumulating hard assets with zero leverage—has been referred to by analysts as "the de-leveraged digital asset reserve model against the Strategy," providing a stark contrast in the current market context where Strategy leverage models are under pressure.
app_icon
ChainCatcher Building the Web3 world with innovations.