Bitcoin24h $85,849.15+1.49%

Ethereum24h $2,705.91+0.81%

BNB24h $791.85+0.64%

XRP24h $1.51+1.13%

Solana24h $121.29+1.25%

TRON24h $0.3356-0.01%

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Dogecoin24h $0.0960+3.25%

Chainlink24h $14.16+0.90%

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.