$CHMPSTR
Trending UpSnapshot Window: 2026-07-08 19:30 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 3, Retweets: 1, Likes: 13, Impressions: 429
Verbatim Community Citations & Social Evidence 2 source posts analyzed
Crypto Twitter spent the last ~48hrs treating Strategy's $BTC sales like it was the first domino in a larger collapse. But a representative from Charles Schwab just went on live TV and said the sales are "easing fears of any sort of more cascading liquidations." Schwab's [Spoken audio]: Thanks for joining us. So we pay a lot of attention to what strategy is doing, obviously. Selling again, we now know. What significance is that on the Bitcoin market? I think as long as Bitcoin is down near these levels, the 60,000 area, strategy is going to remain in the press. They're going to remain under pressure. I do think the recent active actions buy them enough time. Clearly, strategy investors and their preferred investors like it. We've seen the stretch preferred initially traded down to about $70 from $100 par and it's rallied back then. And so the market is supportive of these actions. It's easing fears of any sort of more cascading liquidations. And so we view that as a positive, adding a bit of surety to the market, but it could also impact strategies ability to acquire more Bitcoin in the second half of the year. If they're trying to really balance their cash reserves, they're now trading at a lower MNav multiple. And again, so it may restrict their ability to issue shares and acquire more Bitcoin in the back half. Yeah. And just to clarify, I mean, obviously to confirm what you just said, I mean, STRC, they need to defend that what $90 peg on that particular product. So it makes sense. I mean, Michael Saylor has talked to us about that before the need to perhaps sell to you know as a as a means to keep that level where it needs to be. Yeah for sure the narrative has definitely shifted over the years we went from a never sell bitcoin to strategically sell bitcoin and so there's some fair criticisms coming in there but again if we see how market prices has reacted they recently upped the dividend on that stretch prefer to 12 percent. Oh wow. It's moving back towards its hundred dollar peg. I don't know if it'll necessarily get there. Right. But again the market's clearly reacting to this in a positive manner. 12 percent I hadn't realized that. That's interesting. Okay.
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