Bitcoin24h $62,898.81-1.52%

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Strive’s $50M STRC bet is already underwater

Strive Inc. bought the dividend-paying STRC stock by Strategy, a supposed money-market competitor, and lost $1.8M.

STRC tumbles as DeFi copies lose their peg

Strategy’s 11.5% dividend-paying preferred stock STRC will pay a 0.96% dividend this month, but it’s already lost 3.8% of its value.

Jim Chanos earned an outsized return on his hedged short-sale of Michael Saylor’s MSTR, but he should have kept holding on.

BTC fell 4.4% within 24 hours of Strategy disclosing its voluntary sale of 32 BTC. Two hours later, it fell another 2%.

Strategy’s recent sale of 32 BTC has caused resolution problems for a Polymarket prediction market concerning the sale.