BUSINESSBITCOIN MAGAZINE
Bitcoin’s New Debt Machine is Facing Its First Major Test
Public companies added nearly 9,000 BTC in June using preferred shares to fund purchases, but a market downturn triggered margin calls for leveraged investors in instruments like STRC and SATA. Prices for these shares fell below par in June before recovering by early July, with both Strategy and Strive maintaining dividend payments.
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Adjacent reporting
- Michael Saylor Responds to Scrutiny as Strategy Shares and STRC Hit 52-Week Lows
- Bitmine eyes dividend-paying preferred shares, echoing Strategy’s playbook
- How Michael Saylor’s preferred stock gamble could trigger a death spiral for Strategy
- Here’s why shares in SoftBank, no longer Japan’s most valuable, have fallen by a fifth in the last week
- Tom Lee's Ethereum Treasury BitMine Prices Preferred Shares With 9.5% Dividend