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Ripple CEO criticizes Strategy's Bitcoin buying method amid stock and preferred shares pressure.

Market News
26 Jun 2026
Tokenpost
View Source
Bearish
pluang ai news

Ripple CEO Brad Garlinghouse criticized Strategy's chairman Michael Saylor's approach of acquiring Bitcoin through issuing preferred securities like STRC, arguing it relies too much on financial engineering rather than real-world utility. This criticism comes as Strategy's preferred shares have dropped about 25% below their $100 face value, and its common stock has weakened alongside Bitcoin's price decline. Garlinghouse emphasized that long-term value in crypto depends on practical blockchain use, not aggressive leveraged Bitcoin accumulation. The debate highlights tension in the crypto industry over funding models and the future focus of blockchain technology.

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US allows Anthropic's Mythos 5 AI model for use by 100+ government agencies and companies.

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Telo Genomics ends investor relations deal with Sheridan Adams after a transitional period.

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Inturai's sensors now work offline, enabling drone defense uses and smarter in-home health monitoring.

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