$STRK

Bitcoin rose above $65,000 after weaker U.S. jobs data lowered expectations for a September Fed rate hike. MicroStrategy (MSTR) traded above $100. Pi Network led altcoin gains, while BNB Chain reported over 300,000 RWA holders. Coldcard hack losses exceeded $111 million, and Trump Media scaled back some crypto plans with Crypto.com.

Strategy Inc (MSTR) says it has launched a Bitcoin-backed preferred stock structure, backed by its Bitcoin holdings, and raised about $15 billion, according to the company. Management describes it as a “capital flywheel” to fund future digital-asset initiatives. The article notes Strategy’s recent large net losses and highlights upcoming dividend and cash-flow tests.

Michael Saylor, Strategy (Nasdaq: MSTR) executive chairman, said he used OpenAI’s ChatGPT to help design a Bitcoin-backed convertible preferred stock, STRK, with a variable monthly dividend to keep price near $100. Strategy raised about $15 billion via preferred-stock products. The company also sold 1,638 BTC for ~$104.7M and held 842,138 BTC as of Aug. 6.

Strategy Inc. CEO Michael Saylor said on a recent earnings call that the company’s “flywheel” aims to make Strategy the world’s largest company by market cap by maximizing Bitcoin reserves, targeting 30% annual return on BTC, and issuing “strongest credit” via Perpetual Stretch Preferred Stock. Strategy reported quarterly revenue of $122.39M vs $122.91M consensus and holds 842,138 BTC worth about $58.51B.

Strategy (MSTR), Circle Internet (CRCL), Bitmine Immersion Technologies (BMNR) and other crypto-linked stocks rose after Bitcoin (BTC) reclaimed $65,000, despite the CLARITY Act’s Senate vote being delayed to September. MSTR gained over 7% and crossed $100; CRCL rose over 6%. Coinbase (COIN) and Robinhood (HOOD) rose over 3%, according to the report.

Strategy (formerly MicroStrategy) says in filings and Q2 materials it targets a 30% annual return on Bitcoin reserves and holds 842,138 BTC. The article reports Strategy sold 5,258 BTC in 2026, including 1,638 BTC at an average $63,957 versus a $75,419 cost basis, and used proceeds for STRC preferred dividends and share buybacks. It also notes MSTR stock near $94 and Bitcoin near $64,800.

Strategy (MSTR) shares rose about 5.3% to $102.02 on Aug. 7, extending a five-day gain, as improving Bitcoin sentiment lifted the Nasdaq-listed firm. The article cites its Q2 2026 net loss of $8.22B, including $8.32B unrealized Bitcoin losses, and says it paused buying and sold 1,638 BTC for about $105M.

Crypto-linked stocks rose Tuesday as Bitcoin (BTC) moved above $81,000 for the first time since January. Circle Internet Group (CRCL) gained up to 4.5% premarket, followed by Coinbase (COIN) up about 4% and Strategy (MSTR) up as much as 3.24%. MSTR is set to report earnings after the close; analysts expect an adjusted loss of $27.33 per share on $85M revenue.

Fortune reported that Strategy executive chairman Michael Saylor said he used ChatGPT to develop a preferred-stock financing model that helped Strategy raise about $15 billion. Strategy’s Bitcoin-backed preferred securities include STRC, STRK, STRF and STRD. An Aug. 3 SEC filing said Strategy sold 1,638 BTC for about $104.73 million and used $52.4 million for dividends and $52.3 million to repurchase STRC.

Strategy (MSTR) executive chairman Michael Saylor said ChatGPT helped the company raise about $15 billion by designing STRK, a Bitcoin-backed convertible preferred stock with a variable dividend. The article also notes Strategy held 842,138 BTC at an average ~$75,419 versus ~$64,617, with an $8.32 billion Q2 unrealized loss and a recent sale of 1,638 BTC for ~$104.7M.