Bitcoin
Strategy urged to pause Bitcoin buys over cash strain
Reported by AI Image generated by AI
CryptoQuant has called on Strategy to halt its Bitcoin purchases and rebuild cash reserves after its preferred stock STRC hit a record discount. The move follows a sharp drop in dividend coverage and recent share sales to shore up liquidity.
Bitcoin dropped below $60,000 on June 24 as exchange inflows, spot ETF outflows and leveraged long liquidations intensified selling pressure.
Reported by AI
President Donald Trump signed two executive orders on June 22 directing federal agencies to accelerate development of advanced quantum computers while requiring migration to post-quantum cryptography by 2030 and 2031.
Strategy's STRC preferred shares dropped sharply this week amid falling Bitcoin prices and leveraged selling. The security, designed to trade near its $100 par value, reached an intraday low of $82.50 before rebounding slightly.
Reported by AI
Bitcoin miner Bitdeer produced 921 BTC in May 2026 while ending the month with 171 BTC on its balance sheet. The figures mark a sharp rise in output from 196 BTC a year earlier but a steep drop in holdings from 1,351 BTC. The update also showed AI Cloud annual recurring revenue holding near 69 million dollars.
Bitcoin's blockchain shows its strongest activity since late 2024, driven by a surge in small transactions even as the price remains under pressure.
Reported by AI
Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, closed at $89 on Wednesday after touching an intraday low of $88.51. The drop marks a new record low for the security and places it about 11 percent below its $100 par value.
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