The Nasdaq's Biggest Winner Was a Bitcoin Stock That Is Still Down 56% in a Year

Strategy surged 18% to lead the Nasdaq on Thursday, yet its shareholders are sitting on a loss that dwarfs bitcoin's own slide over the past year.

24/7 Wall Street • Sep 4, 2026

Why these analysts say bitcoin will double by next year — and could reach $500,000 at the end of the decade

Bitcoin has had a revival lately. Bernstein analysts think the cryptocurrency is headed for a new high of $300,000 by 2029.

Market Watch • Aug 27, 2026

Strategy Doubles Down On Its Aggressive Defense Of 12.6% Yielding STRC

Strategy has aggressively defended its STRC preferreds, restoring prices close to the $100 per share redemption anchor after a deep 25% discount in June. STRC now offers a 13.6% dividend yield, about 900 basis points above the 10-year Treasury, reflecting its unique risk profile. MSTR's $63 billion liquidity wall, from USD reserves and BTC holdings, underpins ongoing STRC repurchases and dividend stability.

Seeking Alpha • Aug 20, 2026

The Way We Chose To Take Exposure To What Strategy Offers Us

Strategy Inc. is no longer attractive due to the collapse of its premium to BTC and excessive leverage risk. MSTR's business model—issuing equity at a premium to buy BTC—faces challenges now that the premium has vanished. Pairing a long in STRF (senior preferred) with a short in STRC (junior preferred) offers safer, asymmetric exposure with superior downside protection.

Seeking Alpha • Aug 8, 2026

Strategy's Bitcoin Pivot Gives Investors a New Reason to Watch Preferred Shares

Spot Bitcoin briefly fell below the critical $60,000 support level last week, triggering a wave of retail panic. Yet, shares of Strategy Inc. NASDAQ: MSTR rose over 12.6% intraday on volume exceeding 44.93 million shares.

MarketBeat • Jul 5, 2026

Strategy Shares Climb After Company Unveils Sweeping Digital Credit Capital Framework

Strategy Inc. (NASDAQ:MSTR) shares are trading higher Monday after the company announced a Digital Credit Capital Framework designed to strengthen its preferred securities, enhance liquidity and preserve long-term Bitcoin exposure, a major shift in how the company manages its capital structure.

Benzinga • Jun 29, 2026

Strategy: Is The Preferreds Dip A Buy The Chaos Opportunity?

The collapse of MSTR and its universe of preferred shares has raised existential risks from a Bitcoin dip spiral. MSTR's market-adjusted net asset value has fallen to 0.99x, a level that limits its ability to purchase BTC through issuing new shares. While STRF is cumulative, which limits the risk of a coupon suspension, a BTC negative dip spiral and decline in MSTR's USD reserve coverage to 9.8 months poses a threat.

Seeking Alpha • Jun 29, 2026

It's not just STRC: Top preferred stocks like SATA and BMNP are slumping

Michael Saylor's STRC stock has made headlines this week as its implosion gained momentum amid the ongoing crypto market weakness. The Variable Rate Series A Perpetual Stretch Preferred Stock plunged from the par level of $100 to a record low of $72.60.

Invezz • Jun 26, 2026

Bitcoin & the Risk-Off Rotation: What Advisors Should Watch

Bitcoin briefly traded down to US$58,000 this week before recovering convincingly, signalling meaningful resistance at the US$60,000 level alongside genuine buyer interest on dips. Two macro forces are weighing on digital assets.

ETF Trends • Jun 26, 2026

Don't Chase Strategy's 13% Yielding Preferred

Strategy preferreds, especially STRC, present significant risk despite a near 13% yield due to volatile, undiversified Bitcoin-backed assets. Preferred dividends are not covered by recurring cash flows and rely on new issuance or Bitcoin sales, creating unsustainable payout dynamics. Preferred terms allow management to unilaterally cut dividends to SOFR or lower, exposing holders to substantial downside and price volatility.

Seeking Alpha • Jun 25, 2026