Strategy prioritizes restoring STRC to par after $216 million Bitcoin sale

Strategy remains focused on restoring its preferred stock STRC toward its $100 par value after selling 3,588 Bitcoin between June 29 and July 5 for about $216 million, a move tied to dividends on preferred shares including STRF, STRE, STRK, STRD and the June monthly dividend for STRC. The sale reduced Strategy’s holdings to 843,775 BTC and left it with about $2.55 billion in cash reserves, highlighting that preferred stock obligations are now playing a more visible role in its capital management. The disclosure also sharpened the contrast with Bitmine’s ethereum-centered treasury strategy. Bitmine said it added 42,197 ETH over the past week, lifting its holdings to 5,742,237 ETH, or about 4.8% of ethereum’s estimated 120.7 million circulating supply. The company said its total crypto, cash, marketable securities and other investments were valued at about $11.1 billion, including 206 BTC, roughly $527 million in cash and marketable securities, and equity stakes including Beast Industries and Eightco. Bitmine said 4,879,157 ETH, or roughly 85% of its ether holdings, is already staked through its Made in America Validator Network and other partners. Using an ETH price of $1,800, the company valued that staked position at about $8.8 billion and said annualized staking rewards could reach about $277 million when the treasury is fully deployed, compared with a current projection of about $235 million. Chairman Tom Lee said the company expects to reach the “alchemy of 5%” in 2026 and argued that improving odds for the proposed Clarity Act could support broader adoption of smart contract platforms. Together, the updates show publicly traded crypto treasury companies pursuing different funding structures and income models as they mature: Strategy is balancing Bitcoin exposure with dividend and capital-structure demands, while Bitmine is pairing ether accumulation with staking income and targeting a larger share of ethereum supply.