Grayscale&#8217;s head of research says Strategy&#8217;s leveraged business model has come 
under pressure, and that pressure could make it harder for the company to keep 
adding Bitcoin to its holdings. Related Reading: Bitmine Seeks $300M Raise To 
Accelerate Ethereum Accumulation Strategy A Dividend Problem Taking Shape Zach 
Pandl made the assessment Thursday after Strategy sold 32 Bitcoin — a tiny 
slice of its 843,706 BTC stockpile — triggering a wave of selling that has 
knocked Bitcoin down 16% since the transaction. Strategy also offloaded $128 
million in shares, and its stock has dropped nearly 13% to a two-month low of 
$126. At the center of the concern is STRC, a variable-rate preferred equity 
instrument that Strategy designed to trade at $100 per share and pay an 11.5% 
dividend. It is now trading around $95 — below the target price — a sign that 
investors are demanding a higher return than the instrument currently offers. 
If Strategy responds by raising the dividend to pull STRC back to par, cash 
obligations grow. Higher cash obligations could push the company toward 
selling more Bitcoin. More Bitcoin sales could weigh further on prices. Pandl 
put it plainly: Strategy&#8217;s levered model is under pressure, and that has 
increased volatility for the Bitcoin market as a whole. What Saylor&#8217;s First 
Sale Changed Until this week, Strategy had operated under a strict buy-and- 
hold approach, treating Bitcoin accumulation as a one-way strategy. The sale 
of 32 BTC — however small — broke that pattern and shook confidence among 
investors who had built a bullish thesis around the assumption that Saylor 
would never sell. Augustine Fan, a partner at crypto software firm SignalPlus, 
said markets are blaming the sales and STRC&#8217;s discount for driving the latest 
downturn, but added that even committed supporters are finding fewer reasons 
to stay structurally bullish. All eyes, Fan said, are on how Saylor manages 
liquidity by balancing STRC dividend payments against Bitcoin holdings. 
Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI 
Buildout: Saylor A Healthier Market Without The Concentration Grayscale&#8217;s 
Pandl sees a broader upside to a potential shift away from concentrated, 
leveraged BTC holdings. Less Bitcoin sitting on the balance sheets of highly 
indebted companies, and more spread across diversified corporate holders, 
would benefit the Bitcoin ecosystem over the long run, he argued. Featured 
image from Unsplash, chart from TradingView

Grayscale&#8217;s head of research says Strategy&#8217;s leveraged business model has come under pressure, and that pressure could make it harder for the company to keep adding Bitcoin to its holdings. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy A Dividend Problem Taking Shape Zach Pandl made the assessment Thursday after Strategy sold &#8230;

Strategy’s Leveraged Bitcoin Model Is Under Strain, Researchers Warn

The default signals increased risk in the municipal bond market, prompting 
investors to reassess the reliability of similar securities.
The post Nassau County agency defaults on $36M tobacco bond payment, marking 
first-ever default in $80B sector appeared first on Crypto Briefing.

The default signals increased risk in the municipal bond market, prompting investors to reassess the reliability of similar securities. The post Nassau County agency defaults on $36M tobacco bond payment, marking first-ever default in $80B sector appeared first on Crypto Briefing.

Nassau County agency defaults on $36M tobacco bond payment, marking first-ever default in $80B sector

Grayscale Investments has filed with the U.S. Securities and Exchange 
Commission to launch a spot Canton Coin exchange-traded fund, extending its 
recent push into crypto investment products just days after its Hyperliquid 
staking ETF began trading. According to a registration…

Grayscale Investments has filed with the U.S. Securities and Exchange Commission to launch a spot Canton Coin exchange-traded fund, extending its recent push into crypto investment products just days after its Hyperliquid staking ETF began trading. According to a registration…

Grayscale pursues Canton Coin ETF after Hyperliquid debut

A direct peace dialogue could stabilize global markets, easing energy and 
agricultural disruptions, and potentially reshape geopolitical dynamics.
The post Volodymyr Zelenskyy proposes direct peace talks with Vladimir Putin 
in open letter appeared first on Crypto Briefing.

A direct peace dialogue could stabilize global markets, easing energy and agricultural disruptions, and potentially reshape geopolitical dynamics. The post Volodymyr Zelenskyy proposes direct peace talks with Vladimir Putin in open letter appeared first on Crypto Briefing.

Volodymyr Zelenskyy proposes direct peace talks with Vladimir Putin in open letter

Visa has tested stablecoin settlement using Brale&#8217;s SBC token on the Canton 
Network, as global stablecoin issuance has surpassed $300 billion, according 
to S&amp;P Global Ratings. According to a joint announcement from Visa, Brale, and 
Canton Network participants, the companies…

Visa has tested stablecoin settlement using Brale&#8217;s SBC token on the Canton Network, as global stablecoin issuance has surpassed $300 billion, according to S&amp;P Global Ratings. According to a joint announcement from Visa, Brale, and Canton Network participants, the companies…

Visa tests private stablecoin settlement on Canton Network with Brale SBC

XRP is testing support near $1.09 as persistent selling pressure keeps the 
token pinned near recent lows. Weak momentum and bearish technical signals 
continue to favor the downside. XRP Downtrend Deepens as Sellers Keep Control 
At 10:14 a.m. ET on June 5, XRP was trading at $1.110, near its recent low of 
$1.091, after extending […]

XRP is testing support near $1.09 as persistent selling pressure keeps the token pinned near recent lows. Weak momentum and bearish technical signals continue to favor the downside. XRP Downtrend Deepens as Sellers Keep Control At 10:14 a.m. ET on June 5, XRP was trading at $1.110, near its recent low of $1.091, after extending &#8230;

Strategy’s Leveraged Bitcoin Model Is Under Strain, Researchers Warn

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