MicroStrategy has stopped issuing its preferred STRC shares, which raised nearly $2 billion in May, and is now funding Bitcoin purchases primarily through common stock sales and cash reserves. This shift reflects a change in strategy amid market conditions, aiming for more shareholder engagement but causing slower Bitcoin accumulation. Critics like Peter Schiff note that STRC shares trading near par value limit new funding via preferred shares, while CEO Michael Saylor highlights STRC's reduced volatility as a benefit for income investors. The company holds a $5.02 billion reserve to cover dividends, but the future funding approach will be clearer with upcoming filings, which investors and the market will watch closely as a signal of institutional Bitcoin confidence.
MicroStrategy's funding shift away from STRC shares to common stock sales and cash reserves is notable. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 05, 2026 06:21 WIB: out of 50 major cryptocurrencies, 31 rose and 17 fell. Among them, GRT rose 4.97% to Rp529 with 82% sell orders, ONE fell 4.12% to Rp43 with 56% sell orders, and XTZ rose 3.68% to Rp5,945 with 74% sell orders.
A security agency has reported that a group called Revenue Family is allegedly involved in the unauthorized theft of USDG stablecoins. The report is based on forensic analysis but lacks public evidence such as transaction details or official statemen...
First Graphene has signed a three-year agreement with Turkish prepreg manufacturer Aeropreg to develop and commercialize a graphene-enhanced carbon fibre prepreg using its PureGRAPH® technology. This collaboration aims to optimize graphene incorporat...
Suncor Energy has agreed to sell its interests in the Terra Nova, White Rose, and West White Rose offshore oil assets to Ithaca Energy for $1.2 billion in cash plus up to $350 million contingent on future oil prices. Ithaca will take over all future ...
Cardano (ADA) surged 4.80% within one hour to $0.2644 on October 5, with a 7.79% gain over 24 hours. This price jump coincided with $580,000 in short liquidations on Binance, Bybit, and OKX, while no long liquidations were recorded. ADA remains the 1...
Bitcoin's price has risen 4% in Europe since early September, while the US market saw a 3% decline. This divergence is highlighted by a negative Coinbase Premium Index, indicating lower US retail demand compared to global markets. However, US spot Bi...
