BBX News: Yesterday, Strategy disclosed that it holds approximately $2.21 billion in cash, which can cover STRC dividends for about 10 months. However, the reality that STRC has fallen to about $75 with a discounted face value of 25% has triggered a public warning from external analysts that trust in retail investors has broken; MARA Holdings received its first Outperform rating from Citizens Bank on the same day, which led to an institutional disagreement with Bernstein's Hold rating. The two companies are showing vastly different market situations against the backdrop of Bitcoin falling below $60000.
Core points:
——Strategy Inc. (Nasdaq: $MSTR) disclosed on June 25th that its total cash reserves are approximately $2.21 billion, which can cover approximately 10 months of STRC dividends; STRC fell to about $75, with a discounted face value of about 25%, marking the largest discount since its listing; Blume, CEO of Two Prime: Retail investor trust has broken, and Strategy is highly unlikely to become a substantial BTC buyer in the near future; Benchmark Palmer: TRC is a non stablecoin, non hard anchored, and does not have a Terra style collapse mechanism. It is backed by $54.7 billion in BTC reserves; STRC's annual dividend yield is 11.5%, and June 30th is the first half month dividend registration date; The total position is 847363 BTC.
——MARA Holdings (Nasdaq: $MARA): Received initial Outperformance rating from Citizens Bank on June 25th; Bernstein maintained its Hold rating on June 23rd, causing a disagreement between the two institutions; Currently holding approximately 7500 BTC (as of May 18th); After selling approximately 20880 BTC for approximately $1.5 billion in Q1 and completing the repayment of convertible bonds, the leverage pressure on the balance sheet significantly decreased; Holding approximately 44% equity in American Bitcoin (ABTC) and simultaneously advancing the layout of AI infrastructure.
Source: bbx.com
