Bitwise首席投资官：当$STRC跌至75美元，DAT和Strategy主导市场讨论的时代已结束
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Bitwise CIO: Strategy's importance in the Bitcoin market may decrease after the STRC incident.
According to Mars Finance, Matt Hougan, Chief Investment Officer of Bitwise, analyzed the volatility of STRC, a subsidiary of Strategy (MSTR). He believes that Strategy currently holds approximately $49.6 billion in Bitcoin and $2.6 billion in cash, with assets far exceeding its debt and preferred stock obligations, posing no risk of liquidation. The company's newly launched digital credit capital framework allows it to flexibly sell Bitcoin to pay dividends based on market conditions, no longer mandating the maintenance of STRC's $100 face value. Hougan emphasized that Strategy has been the world's leading buyer and one-way source of Bitcoin demand for the past few years, but this situation has likely ended. In the future, Strategy will flexibly buy or sell Bitcoin based on market conditions, but will not become a large-scale seller (the annual mandatory sales volume is limited), and may still become a net buyer if Bitcoin prices rebound. Overall, Strategy's importance in the next cycle will be lower than in the previous cycle. He believes that STRC's volatility reflects the deleveraging process in the market, a typical characteristic of the end of a bull market. As these mismatched funds are squeezed out, a market bottom is forming, and a new bull market is expected to begin this fall.
Michael Saylor: If Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains could fund STRC dividends indefinitely.
According to ChainCatcher, Bitcoin Treasuries.NET posted on the X platform that Strategy's Michael Saylor stated that if Bitcoin's long-term price increase exceeds 3.3%, BTC capital gains can fund STRC dividends indefinitely. Even if BTC's annual price increase is 0%, Strategy will still have dividend funds for 31 years.
Michael Saylor: Strategy currently holds approximately $2.55 billion in cash reserves.
According to Odaily Odaily, Michael Saylor posted on the X platform that Strategy has sold 3,588 BTC, raising approximately $216 million, which will be used to pay dividends related to digital credit securities. This dividend payout covers the quarterly dividends of digital credit securities such as STRF, STRE, STRK, and STRD, as well as the full monthly dividend for STRC in June. As of July 5, 2026, Strategy still held 843,775 Bitcoins and approximately $2.55 billion in cash reserves.
Michael Saylor has released another Bitcoin Tracker update, and his accumulating activities may be disclosed next week.
PANews reported on July 5th that Strategy founder Michael Saylor once again released information related to Bitcoin Tracker. Based on past patterns, Strategy typically discloses information about increasing its Bitcoin holdings the day after such an announcement.
Bitwise CIO: The crypto industry may become part of the next generation of economic rule-making.
Odaily Odaily reports that Bitwise Chief Investment Officer Matt Hougan posted on the X platform that he recently read a speech by U.S. Treasury Secretary Bessenter, calling it "an important document that defines America's economic role for the next century." He pointed out that in his speech, Bessant outlined five principles for the future US economic strategy, the third of which was: "The United States will set the rules for the next generation of the economy." When discussing the digital economy, Bessant stated, "Digital assets, stablecoins, tokenization, and new payment systems will help shape the future of money. The United States should not place itself as a bystander in building this future." Matt Hougan commented that this statement demonstrates the US government's emphasis on promoting the development of the crypto industry and reflects the fact that digital assets are being incorporated into an important part of the future financial system and economic competitive landscape.
Former Twitter CISO Michael Coates appointed Chief Information Security Officer of the Solana Foundation
According to Foresight News , security expert Michael Coates announced on the X platform that he has been appointed Chief Information Security Officer (CISO) of the Solana Foundation, marking a new chapter in his career. Coates previously served as Head of Security at Mozilla, CISO at Twitter, and founded Altitude Networks, a startup focused on enterprise SaaS data security, which was later acquired by CoinList, thus entering the crypto industry. Coates stated that he chose to join Solana because the chain currently handles tens of billions of dollars in daily stablecoin transactions, exceeding the combined daily trading volume of most cryptocurrencies. He mentioned that future work will focus on integrating security capabilities into the foundation of industry operations and application security, addressing the unique security challenges of cryptocurrencies, and collaborating with policymakers and standards bodies to promote improvements in cybersecurity regulation.