trc

Founder of Strategy, Michael Saylor, stated in a post that Bitcoin is digital capital, MSTR is digital equity, and STRC is digital credit.The company's corporate strategy is to create two complementary products from Bitcoin capital: MSTR provides leveraged Bitcoin exposure and holds ownership of a growing digital credit business; STRC aims to reduce volatility, compress duration, and provide dollar returns. Creating digital credit requires active management of the entire balance sheet, including Bitcoin, dollars, debt, preferred stock, and common stock, involving multiple decisions regarding capital, liquidity, priority, dividend rates, payment frequency, and investor terms.The company's goal is to create the highest quality digital credit products: supported by financial resilience, disciplined capital allocation, and a more stable investor experience to provide attractive dollar returns. Dividends are visible outputs, but the quality of the underlying system is the core work.The company engineers products by managing capital, debt, and liquidity. Investors seeking Bitcoin price exposure can directly hold BTC or spot Bitcoin funds; meanwhile, MSTR investors buy equity in a company that simultaneously seeks Bitcoin leveraged exposure and digital credit business growth, accepting amplified volatility and downside risk. STRC investors pursue a different experience: dollar returns, reduced price volatility, and shorter duration characteristics, relying on the company's capital strength, priority debt position, dollar liquidity, and active management to achieve this.The two are interconnected—capital structure directs more volatility and return potential of Bitcoin towards common stock, thereby providing credit investors with more stable income claims. The company manages the balance sheet uniformly, creating leveraged exposure for equity investors and dampened exposure for credit investors, both relying on the company's strength and execution quality.To achieve this goal, Strategy continuously manages various levels of the capital structure, including issuing and repurchasing STRC, distinguishing between payment reserves and allocated cash, adjusting dividend rates, optimizing security terms, and seeking shorter durations and longer payment runways.The company emphasizes that digital credit is a discipline that requires continuous practice: stripping volatility, compressing duration, and extracting returns from Bitcoin capital. Bitcoin itself does not pay interest, and Strategy pays dividends through security terms. The ultimate goal is to build stronger digital credit and create greater long-term value for MSTR shareholders, reinforcing the quality of capital and equity value.

Founder of Strategy Michael Saylor posted that Strategy plans to adjust the dividend mechanism for STRF, STRC, STRK, and STRD, intending to accrue dividends daily, including weekends and holidays, and pay them on the next business day.Saylor stated that this proposed adjustment will not change the economic terms of the relevant securities, and the main goal is to enhance price stability, liquidity, and market demand.

The Binance Wallet's stablecoin fee payment feature now supports transfers on the TRON network, allowing users to not hold TRX.Starting today, when users transfer USDT and other TRC-20 tokens on the TRON network through Binance Wallet, they can directly select USDT as the network fee payer, without needing to hold TRX as Gas.For example, to send JST, users only need to open the Binance Wallet, click "Send" → "Select Token" → "Network Fee Payer" → "USDT," to complete the setup and have the network fee covered by USDT. This feature further simplifies the asset transfer process on the TRON network, lowering the threshold for users to hold native tokens, making cross-asset transfers easier and more convenient.

Michael Saylor posted on the X platform stating that under the assumptions of a 10% annual return on Bitcoin, a 40% volatility of Bitcoin, and a Bitcoin price of $81,200, the duration of the dollar is 3.8 years, and the Bitcoin credit spread of STRC is 53 basis points.

Strategy is leveraging large-scale buybacks to push the price of perpetual preferred stock STRC back to around the $100 par value, in order to restore its Bitcoin financing capability. From July 20 to September 13, Strategy repurchased a total of 9.96 million shares of STRC, costing approximately $950 million, accounting for about 18% of the trading volume during the same period.Of this, approximately $765 million can be traced back to the sale of MSTR common stock, while about $161 million came from Bitcoin reductions. STRC had previously fallen to around $70 but has recently risen to about $99. Analysts believe that only when the price of STRC approaches or exceeds the $100 par value can Strategy effectively reissue the security and use the raised funds to purchase Bitcoin. However, after Strategy reduced its buybacks, whether STRC can continue to stay near the par value remains uncertain.

According to market news, Twenty One Capital CEO Raphael Zagury stated that the company is considering issuing preferred shares similar to STRC to increase its holdings in Bitcoin.

According to official news, Strategy did not increase its Bitcoin holdings last week. Strategy has repurchased $176 million of STRC and has increased the scale of its digital credit securities repurchase program from $1 billion to $2 billion.As of September 7, 2026, Strategy holds 845,050 BTC and approximately $6.5 billion in dollar assets.

Binance Wallet officially launches the TRC-20 USDT transfer fee payment feature. Starting today, users can pay network fees directly in USDT when using the Binance Web3 Wallet for TRC-20 USDT transfers, eliminating the need to hold TRX as gas fees, significantly simplifying the transfer process on the TRON chain.The operation method is also quite convenient: users only need to enter the wallet asset page, select send USDT, and then check USDT in the network fee payment method to complete the setup, easily experiencing one-click transfers.This feature update lowers the interaction threshold for stablecoins on the TRON chain and provides high-frequency transfer users with a smoother and lower-cost operational path, further promoting the usability and convenience of the TRON network in stablecoin application scenarios.

Bitcoin holding company Strategy has spent a total of $635.2 million to repurchase its STRC perpetual preferred shares, with the latest transaction amounting to $151.8 million at an average price of $97.48. Despite the ongoing expansion of the repurchase scale, STRC is currently priced at $97.34, below its par value of $100. The company's previously launched $1 billion repurchase authorization has pushed STRC from a low of about $71 to around $97.Part of the pressure on STRC comes from competition with Strive's ASST perpetual preferred shares. ASST offers a 13% annual dividend paid daily, while STRC has a dividend yield of 12%, paid bi-monthly. ASST has maintained a price close to its par value of $100 for over a week, allowing Strive to issue additional shares through at-the-market (ATM) offerings, with the proceeds used to purchase 1,800 bitcoins over the past week.The performance of the common stocks of both companies has also diverged, with ASST rising 60% this year, while MSTR has fallen 15%. Additionally, Strategy purchased bitcoin for the first time in two months, buying 4,603 bitcoins last week at an average price of about $80,000, increasing its total holdings to 845,050 bitcoins (approximately $65.9 billion).

According to the 8-K document submitted by Strategy to the SEC, the company did not purchase Bitcoin from August 17 to 23, 2026, maintaining a holding of 840,447 coins, with a total holding cost of approximately $6.336 billion and an average price of about $75,385.During the same period, the company sold 18,261,100 shares of MSTR common stock through the ATM program, raising approximately $2.0065 billion, of which $136.4 million was used to repurchase STRC preferred stock, $300 million was used to replenish the USD Reserve, and the remainder was allocated to the USD Cash liquidity account; additionally, $136.4 million was used to repurchase 1,431,200 shares of STRC preferred stock, with a remaining balance of approximately $516.6 million in the preferred stock repurchase program.As of August 23, the balance of the USD Reserve was $5.1 billion, and the balance of USD Cash was $1.59 billion.

Tushar Jain, co-founder of Multicoin Capital, stated that despite the significant rise in BTC, STRC has not re-pegged due to its low dividend levels. STRC was promoted as a fixed income product but has experienced a significant drawdown of about 30%.Tushar Jain pointed out that if investors need to bear such a level of drawdown risk, the yield of STRC must be significantly increased to provide adequate compensation for the aforementioned risk.

Bitcoin Treasury Company Strategy (formerly MicroStrategy) stated on platform X that its $STRC semi-monthly dividend of $0.50 per share has been paid today. The next semi-monthly dividend payment date for $STRC is August 31.Strategy is known for its large-scale holdings of Bitcoin and financing through the issuance of various preferred stocks and convertible securities. $STRC is one of its related preferred stock products, distributing fixed dividends to shareholders on a semi-monthly basis. The company continues to support its Bitcoin reserve strategy through capital market instruments.

According to SoSoValue data, as of 8:00 AM Eastern Time on August 17, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $5.32 million, a decrease of 90.34% compared to last week.Strategy did not buy or sell Bitcoin last week but spent $132 million to repurchase 1,388,720 shares of STRC preferred stock.The Japanese listed company Metaplanet did not purchase Bitcoin last week, marking five consecutive weeks without buying Bitcoin.In addition, two other companies purchased Bitcoin last week. The French Bitcoin company Capital B announced on August 17 that it bought 5 Bitcoins at a price of $64,395.60, bringing its total holdings to 3,145 Bitcoins; asset management company Strive announced on August 17 that it spent $5 million last week to purchase 79 Bitcoins at a price of $63,231, bringing its total holdings to approximately 20,246 Bitcoins.As of the time of writing, the total amount of Bitcoin held by the global listed companies (excluding mining companies) in the statistics is 1,139,641 Bitcoins, an increase of 0.007% compared to last week, with a current market value of approximately $72.42 billion, accounting for 5.7% of the circulating market value of Bitcoin.

According to the 8-K document submitted by Strategy to the U.S. SEC, the company did not purchase Bitcoin from August 10 to 16, 2026, maintaining a position of 840,447 coins, with a total holding cost of approximately $6.336 billion and an average cost of about $75,385.During the same period, the company sold MSTR common stock through its ATM program, raising approximately $333.7 million in net proceeds, part of which was used to replenish dollar reserves, repurchase STRC preferred stock, and pay STRC dividends. As of August 16, the company's dollar reserve balance was $4.8 billion, a decrease of about $200 million from the previous week.

Solstice Finance launches strcUSX on Solana, splitting the dividend income and price risk of the Nasdaq-listed company Strategy's Series A perpetual preferred stock STRC into two types of tokens: senior and junior. The annual dividend yield of STRC is 12%.The senior tranche SR-strcUSX targets an annual yield of approximately 7%, with priority for dividend income and principal repayment; the junior tranche JR-strcUSX bears the first loss from market value fluctuations and receives the remaining income after payments to the senior tranche, targeting an annual yield of over 20%. Users can deposit USX into the strcUSX vault to receive tokens corresponding to the risk level. Both types of tokens are native assets on Solana, tradable, usable as collateral, or accessible for DeFi applications.Solstice Finance will also integrate USX into Zebec Network's payroll infrastructure, which processes over $500 million in payroll annually and has over 50,000 monthly active users.

According to official news, Saturn announced a partnership with Ondo to bring institutional-grade tokenized assets into Saturn's (STRC) structured products.At the same time, Ondo also made a strategic investment in Saturn.

The founder of Strategy, Michael Saylor, proposed the concept of the "Digital Assets Monetary Spectrum," categorizing different types of digital assets based on volatility, potential returns, and trading functions.Saylor stated that the digital asset system can be divided into four levels: Bitcoin (BTC): Digital Capital (Digital Capital) STRC: Digital Credit (Digital Credit) SR-strcUSX: Digital Money (Digital Money) USDT: Digital Currency (Digital Currency).He believes that from left to right, asset volatility and potential returns gradually decrease, while stability and trading utility continuously increase. Saylor stated that Bitcoin is the "ultimate value storage asset," possessing high volatility, high potential returns, and the attributes of a digital asset that does not require third-party credit endorsement; whereas stablecoins are the "ultimate medium of exchange," emphasizing stability and payment functionality. In between the two, digital credit and digital currency serve as a bridge connecting capital and currency. Among them, STRC is defined by Saylor as "digital credit," characterized by relative stability, high fixed returns, and certain value storage attributes.He further stated that digital currency combines digital currency technology with digital capital economic attributes, possessing stability, earning capacity, trading convenience, and value storage functions. Saylor noted that digital capital belongs to bearer assets, while assets such as digital credit, digital currency, and digital cash are created and managed by digital financial companies, with their ownership layer corresponding to "Digital Equity." These components together form the future "Digital Finance Stack."

Bitcoin Treasuries.NET posted on platform X that the opening price of STRC under Strategy was $95.39, the highest opening price in two months, less than 5% away from par value.