Stretch becomes world’s largest preferred stock with $8.5B AUM

Potential liquidity contractions in secondary markets and surging government bond yields could spell trouble for preferred perpetual stockholders.

Michael Saylor’s Strategy reported an all-time high trading volume of $1.53 billion for its STRC preferred stock, with the instrument closing at its $100 par value and logging just two cents of price movement. The Record and What It Means STRC, Strategy’s variable rate perpetual preferred stock, hit $1.53 billion in daily volume with Saylor […]

Strategy has leaned on Stretch to fund Bitcoin buys over the past 12 months as funding through senior convertible notes and at-the-market equity offerings has tightened.

This partnership could accelerate the integration of traditional finance with blockchain, enhancing capital efficiency and broadening market access. The post Payward partners with Franklin Templeton to develop onchain investment products appeared first on Crypto Briefing.

Schwab's Bitcoin services may accelerate crypto's integration into traditional finance, influencing global regulatory and competitive dynamics. The post Charles Schwab launches Bitcoin services for 50M customers, boosting crypto adoption appeared first on Crypto Briefing.

Insider Brief PRESS RELEASE —Hello Robot, the team behind the Stretch mobile manipulation platform, today announced the release of Stretch 4. Available now for $29,950, Stretch 4 is an open-source robotics platform designed for researchers, developers, and application engineers building the next wave of Physical AI applications for general purpose robotics. Designing Stretch 4 to […]

The post MicroStrategy Reveals It Will Sell Bitcoin Under These Conditions appeared on BitcoinEthereumNews.com. MicroStrategy CEO Phong Le confirmed the Bitcoin (BTC) treasury firm will sell BTC only under specific conditions.  The remarks followed Executive Chairman Michael Saylor’s earlier suggestion that Strategy might sell Bitcoin to cover dividends. The comment triggered a 4% drop in MSTR shares and rattled the market. Stretch (STRC) Reshapes MicroStrategy’s Bitcoin Playbook The first condition relates to Strategy’s Series A Perpetual Stretch Preferred Stock, also known as Stretch (STRC). The instrument carries an 11.5% dividend.  Stretch shifted the calculus, according to Le. The CEO said in a CNBC interview that the product opened strategic optionality.  “We have raised $8.5 billion in 10 months, and with that, we look at optionality, we look at our strategy, and we say now let’s look at Bitcoin and see if it can provide us value from time to time to sell it,” Le mentioned. This