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Today’s top stories:
- Crypto majors mostly flat, HYPE lead; BTC falls 1.3% to $58.9k
- Strategic stock jumped 13% after Saylor released its Digital Credit Capital Framework
- The Supreme Court has ruled that Trump can fire the heads of the SEC and CFTC at will
- JPMorgan supports Clarity Act in pivot, odds return to 49%
- ANSEM rises 100% to $160M, ignites the SOL meme market
₿ Strategy Changes Its Brand and Gives Itself License to Trade Bitcoin
The channel has just finished the “no sell” period.
Looking at the stock that fell below its value BitcoinMichael Saylor’s company unveiled a new system that allows him to sell Bitcoin, buy back his strike shares, and increase his preferred stock.
📌 What happened?
The way adopted the “Digital Credit Capital Framework” which changes the currency type behind its Bitcoin bet. The headline change is the $1.25 billion Bitcoin monetization program, giving the company legal permission to sell BTC to generate revenue, fund gains, and interest. It also approved $2 billion in buybacks, split equally between common stock and preferred shares, to be used during the market without affecting its cash flow.
Also Strategy:
- raised the dividend on STRC’s preferred stock to 12% of performance in July
- establish a plan to have at least 12 months of receivables with interest (currently $2.55 billion or about 17 months) and
- it said it will stop offering ordinary currency to buy Bitcoin when its shares trade close to its asset value.
MSTR jumped nearly 13% on the news, its biggest day in four months. STRC rose 12%, and Bitcoin briefly regained $60,000 before giving back overnight gains.
🗣️ What they say
CEO Phong Le described it as a move from cash issuance to “quick management of both cash issuance and repurchases,” depending on the situation.
Saylor said the framework should strengthen Strategy’s credit profile and keep Bitcoin as its main asset.
Opponents have been pushing this exactly, as the head of research Grayscale argued a few days ago that Strategy must sell at least 3 billion of Bitcoin to fulfill the position close.
🧠 Why It’s Important
This new framework is a true representation. Selling Bitcoin for a profit, buying back discounted shares, and pausing the withdrawals when the money is gone is a quick fix. And it is a sharp turn from being a permanent accumulator.
The market was excited because 1) they raised another $1.2B, now up to $2.55B and 2) it puts participants with debt ahead of the steady purchase of BTC. But the tradeoff is real: the biggest buyer of the Bitcoin industry is now also a seller, removing an important pillar in a fragile period.
So where does this leave us? Saylor’s odds of breaking out any time soon went to zero. They have 17 months of dividend payments, and given the time frame near MSTR’s price, Saylor could sell more MSTR this week. So expect more money in July. This should be good for Bitcoin (or, not bad) and remove the overhang.
In the long term, this is difficult to do. Saylor still needs the BTC price to go up over time for his model to work. If BTC goes to a multi-year bear market, it may remain in trouble. But if the 4-year cycle repeats itself as it has done several times before, they can weather the storm.
We will know more in the next 6-12 months…
🌎 Macro Crypto and Markets
- Crypto majors are mixed with leading HYPE; BTC -1.3% at $58.9k; ETH even at $1,570; SO + 1% on $73; HYPE + 4% at $65.20
- WHAT (+11%) ADI (+9%) and SKY (+7%) led the top performers
- Oil even $70; Gold even $4,040
- The future they are slightly green in the front quarter near; DOW +0.1%, Nasdaq +0.2%
- Supreme Court ruled that Trump can fire the SEC and CFTC commissioners at willoverturning a 91-year-old history and giving the president direct control over two crypto-regulating agencies at a critical time for law enforcement.
- White House is talking to the government about the CLARITY ActAccording to the report, concerns persist that bill maker protections may be used for illegal financing.
- JPMorgan supported the Clarity Act in a major pivot, but warned that the new rules should close the control gaps
- Galaxy Digital lowered his chances of passing the CLARITY Act in 2026 to 50%, citing the narrowing legal window and the ongoing opposition to the regulation of the crypto market.
- BNY added USDC to its storage platformexpanding digital-asset banking services to meet the needs of stablecoin-backed institutions
- JPMorgan report showed little institutional interest in crypto perpetual futuresgetting the big players have been largely on the sidelines of the trade at the center of the CME-CFTC battle
- Vitalik Buterin pointed out the importance of obfuscation in cryptoand point to it as a basic tool that can unlock new secrets of onchain power and functionality
Corporate Treasuries & ETFs
Meme Coin Tracker
- Meme leaders he was especially red; DOGE -2%, SHIB even%, PEPE -1%, PENGU -2%, TRUMP -1%, BONK -1%
- TJR (+38x), ANSEM (+40%) and LUKA (+27x) led the movers on Solana
- Base movers including FAI (+23%) and REI (+13%)
📈 Multi Day Market
💰 Token, Airdrop & Protocol Tracker
🚚 What is happening in NFTs?
- Directors of NFT they were a little red; Punks -3% at 31.5 ETH, BAYC -1% at 8.825 ETH, Pudgy -1% at 4.45 ETH; Hypurr’s -1% at 225 HYPE
- Normies (+13%) and R3 orders (+20%) led the top movers
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