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Bitwise: MSTR to Shift Role With $49.6B Bitcoin Holdings Under New STRC Framework

Stocks Capital Flow Project Progress

2026-07-03 06:55:50

BTC2.83%

According to Bitwise CIO Matt Hougan, MSTR introduced a new digital credit capital framework that allows the company to flexibly sell bitcoin to pay dividends, no longer obligated to maintain STRC's $100 face value. Hougan noted that MSTR's bitcoin holdings total approximately $49.6 billion, with $2.6 billion in cash, far exceeding debt and preferred stock obligations, eliminating liquidation risk. While MSTR has been the world's primary bitcoin buyer and demand driver in recent years, Hougan expects this role to diminish. Under the new framework, MSTR will buy or sell bitcoin based on market conditions, though large-scale selling remains limited. If bitcoin prices rebound, the company could return to net buying, though its importance in the next market cycle will likely be lower than the previous one.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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