Maintaining a stable price near $100 is important for Strategy because it allows the company to efficiently issue additional shares through its at-the-market (ATM) program. Proceeds can be used to purchase more bitcoin or address corporate liabilities, including debt obligations such as its recently paid down some of its 2029 convertible notes.

Meanwhile, Executive Chairman Michael Saylor continued his customary Sunday social media posts, writing “Working Better.” The message comes amid growing investor focus on whether Strategy may eventually sell bitcoin to meet debt or dividend obligations, or whether it will continue using capital raised through its securities offerings to expand its bitcoin holdings.

More For You

Laptop with markets monitor and charts. (Kanchanara/Unsplash)

Bitcoin and ether fell Monday after dropping in May, a month that usually sees them post positive returns. U.S. equity index futures rose.

What to know:

  • Crypto markets opened June lower as tensions between the U.S. and Iran weighed on sentiment.
  • Following spot bitcoin ETFs’ record 10 straight days of net outflows totaling $2.97 billion, derivatives data show mildly bullish positioning and steady open interest, suggesting institutional risk appetite is stabilizing.
  • Stellar’s XLM surged more than…

In this article

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Stories