Strategy

Shareholder activism targets crypto treasury firms after $50B in losses

Publicly traded companies that loaded their balance sheets with Bitcoin through repeated equity raises are facing a coordinated wave of investor activism after aggregate market-cap losses among treasury-focused firms reached an estimated $50 billion since their mid-2025 peaks, according to…

Shareholders demand paycuts, board exits at crypto treasury firms after $50B crash

Investors in public companies that loaded their balance sheets with Bitcoin and other digital assets are mounting a campaign of shareholder activism after losses totaling roughly $50 billion, pressing for executive pay cuts, board overhauls, and in some cases outright…

Bitcoin treasury firms lose $80B as leveraged model unravels

The era of repackaging public companies as leveraged Bitcoin vehicles is coming undone. The 50 largest publicly listed Bitcoin treasury firms have seen their combined market capitalization fall from $150 billion in July 2025 to just $67 billion by August…

Strategy may sell $4.5B more in Bitcoin, analysts warn

Strategy, the company formerly known as MicroStrategy and long the largest corporate holder of Bitcoin, sold 1,690 BTC for $108.6 million during the week of August 3 to August 9, according to an SEC Form 8-K filing disclosed on August…

Norway’s wealth fund hits record Bitcoin exposure

Norway's Government Pension Fund Global, the world's largest sovereign wealth fund managing approximately $2.3 trillion in assets, increased its stake in Strategy Inc. by 50% during the second quarter, pushing its total indirect Bitcoin exposure to an all-time high of…

MSCI proposes new rule that could remove Strategy and Metaplanet from global stock indexes

MSCI has opened a consultation that could result in Strategy and Metaplanet being deleted from its Global Investable Market Indexes in November, reviving a months-long effort to draw a line between operating companies and investment vehicles within its benchmarks.

Strategy sells 3,588 bitcoin for $216M to fund dividends

Bitcoin slipped on Monday after Strategy disclosed that it sold 3,588 BTC for approximately $216 million between June 29 and July 5, marking a dramatic escalation in the company's willingness to liquidate its cryptocurrency holdings to meet financial obligations.

Bitcoin rebounds past $60,000 after hitting 2026 low

Bitcoin clawed back above the $60,000 mark on July 1, recovering from a fresh 2026 low of $57,735, and the rally extended into Thursday's session as crypto-linked equities posted sharp gains. Strategy shares rose more than 7% on Wednesday's close…

Bitcoin falls below $60,000 as yen hits 40-year low

Bitcoin declined on Tuesday, trading near $59,000 after the Japanese yen's slide to a 40-year low boosted the U.S. dollar and Michael Saylor's Strategy announced it may sell up to $1.25 billion worth of the cryptocurrency — a move that…

Strategy’s unrealized Bitcoin loss tops $13B as crypto rout deepens

Strategy, the largest corporate holder of Bitcoin, is now sitting on more than $13 billion in unrealized losses on its cryptocurrency holdings after Bitcoin fell below $60,000 on Thursday, according to CoinDesk.