Bearish Sentiment Grows on Crypto-Related Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: CNBC
- Surge in Bearish Options: This week, the volume of puts traded on Strategy (MSTR) exceeded calls by more than two times, indicating a growing pessimism in the market regarding its future performance, particularly as bitcoin prices continue to decline.
- Shift in Options Strategy: Traders are now employing strategies that involve selling calls and buying puts, driven by the YieldMax Short MSTR Option Strategy ETF (WNTR), which has risen 30% since May 11, reflecting a diminishing confidence in Strategy stock.
- Decline in STRC Stock Price: The preferred stock STRC fell 3.6% to $92 on Thursday, marking its lowest price since November last year, as the market prices in a higher risk factor associated with Saylor, leading to lowered expectations for future returns.
- Pressure from Rising Rates: With treasury yields increasing and the likelihood of a rate hike exceeding 40%, cryptocurrency prices are under pressure, particularly affecting STRC as a credit instrument that may suffer greater losses in a rising interest rate environment.
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Analyst Views on STRC
Wall Street analysts forecast STRC stock price to fall
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 96.180
Low
8.00
Averages
8.25
High
8.50
Current: 96.180
Low
8.00
Averages
8.25
High
8.50
No data
About STRC
Strategy Inc. is a bitcoin treasury and business intelligence company. The Company provides cloud-native, artificial intelligence (AI)-powered enterprise analytics software to thousands of global customers. Its Software Business segment is engaged in the design, development, marketing, and sales of enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services. Its Strategy ONE platform provides access to AI-powered workflows, unlimited data sources, cloud-native technologies, and performance to speed up time from data to action. Strategy One delivers visualization, reporting, and embedded analytics capabilities across retail, banking, technology, manufacturing, insurance, consulting, healthcare, public sector, and others. Its Strategy Mosaic is a universal intelligence layer that provides enterprises with consistent definitions and governance across data sources, regardless of where that data resides or which tools access it.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Mosaic Solution: Strategy Mosaic is positioned as the critical link between data platforms and users, reducing duplicated logic and unnecessary re-engineering by creating a unified metric definition, enabling new data products to be delivered in hours instead of weeks, significantly enhancing business responsiveness.
- AI Readiness: With Mosaic, Diageo's Finance and Commercial teams align on shared metrics, and AI agents query the same governed layer as other analytics tools, ensuring data consistency and availability, thus facilitating practical AI applications.
- Strategic Investment Insights: Strategy's message at the summit emphasized that to unlock the next wave of data and AI transformation, enterprises must simplify their tech stack, strengthen foundations, and help teams make better decisions faster, rather than merely adding more tools.
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- New Dividend Schedule: The new semi-monthly dividend cadence will commence on June 30, 2026, with record dates set for the 15th and the last day of each month, and payment dates on the subsequent record date, aimed at enhancing liquidity and stabilizing stock prices.
- Management Commitment: CEO Phong Le emphasized that this adjustment not only demonstrates the company's commitment to its shareholders but also aims to increase market demand for STRC and provide investors with faster reinvestment opportunities through more frequent dividend payments.
- Innovation-Driven Strategy: As the world's first Bitcoin Treasury Company, StrategyInc further solidifies its leadership in financial innovation through this move, aiming to attract more investor interest in its bitcoin-related fixed-income instruments by continuously optimizing its dividend policy.
See More
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- Psychological Significance: This sale was characterized as a 'preemptive inoculation' to signal to the market that larger future sales could occur without panic, contradicting the company's long-standing commitment to hold its Bitcoin.
- Dividend Funding: The proceeds were intended to fund dividends for Strategy's variable rate preferred stock, which requires about $100 million monthly; however, the sale was too small to cover even one month's obligation, highlighting its psychological rather than financial intent.
- Overreaction in the Market: Bitcoin's price fell 6.1% following the sale, but analysts suggest that the market's reaction may be excessive, as the fundamentals of Bitcoin remain strong, and investors should not rush to sell their holdings.
See More
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- Bitcoin Sale Context: On June 1, Strategy sold 32 Bitcoins for $2.5 million, a small amount that nonetheless triggered a significant market reaction, with shares dropping 9.3% on June 2.
- Psychological Impact Analysis: The sale was not driven by financial necessity but aimed to communicate to the market, intending to mitigate panic from potential larger future sales through a small, planned transaction.
- Dividend Payment Source: The proceeds from this sale will fund dividends on Strategy's variable rate preferred stock, although $2.5 million is insufficient to cover the monthly obligation of approximately $100 million, its symbolic significance is noteworthy.
- Market Reaction and Bitcoin Trends: Bitcoin has fallen over 45% from its October 2025 peak, and while this sale exacerbated market volatility, its fundamentals remain sound, suggesting investors should not rush to sell due to short-term fluctuations.
See More
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- Stock Price Decline: With Bitcoin prices dropping nearly 18%, Strategy's stock closed the week at its lowest point since November 2022, showcasing market pessimism regarding the company's future performance.
- Market Sentiment Shift: Despite Cramer's accusation of Saylor 'murdering' Bitcoin, retail sentiment around MSTR remains in the 'extremely bearish' zone, reflecting investor skepticism about the company's strategy and concerns over Bitcoin's future trajectory.
- AI Market Impact: Analysts noted that the recent Bitcoin price drop was not solely due to Strategy's sale but rather a liquidity drain caused by the creation of approximately $19 trillion in new AI market capitalization, with Saylor asserting that this dynamic actually strengthens Bitcoin's position as a scarce digital asset.
See More
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- Financial Stability: Strive maintains a debt-free balance sheet and has built an 18-month dividend reserve, enabling it to continue paying dividends even during downturns in the Bitcoin market, demonstrating the company's resilience amid market volatility.
- Market Performance Analysis: Despite Strive's stock price closing down over 7% on Friday, Cole believes the market's reaction to its digital credit product is overly pessimistic, emphasizing the product's potential importance in the future Bitcoin economy.
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See More
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- Data Complexity Challenge: At the 2026 Gartner Data & Analytics Summit, Diageo and Strategy highlighted that despite significant investments in data platforms, enterprises still face slow data access and inconsistent metrics, causing business teams to wait weeks for trusted data, which hampers decision-making efficiency.
- Mosaic Solution: Strategy Mosaic is positioned as the critical link between data platforms and users, reducing duplicated logic and unnecessary re-engineering by creating a unified metric definition, enabling new data products to be delivered in hours instead of weeks, significantly enhancing business responsiveness.
- AI Readiness: With Mosaic, Diageo's Finance and Commercial teams align on shared metrics, and AI agents query the same governed layer as other analytics tools, ensuring data consistency and availability, thus facilitating practical AI applications.
- Strategic Investment Insights: Strategy's message at the summit emphasized that to unlock the next wave of data and AI transformation, enterprises must simplify their tech stack, strengthen foundations, and help teams make better decisions faster, rather than merely adding more tools.
See More
StrategyInc Adjusts Preferred Stock Dividend Frequency
- Shareholder Approval: StrategyInc received shareholder approval at its 2026 Annual Meeting to amend the terms of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), transitioning from monthly to semi-monthly dividend payments, reflecting strong shareholder trust in the company's strategic direction.
- New Dividend Schedule: The new semi-monthly dividend cadence will commence on June 30, 2026, with record dates set for the 15th and the last day of each month, and payment dates on the subsequent record date, aimed at enhancing liquidity and stabilizing stock prices.
- Management Commitment: CEO Phong Le emphasized that this adjustment not only demonstrates the company's commitment to its shareholders but also aims to increase market demand for STRC and provide investors with faster reinvestment opportunities through more frequent dividend payments.
- Innovation-Driven Strategy: As the world's first Bitcoin Treasury Company, StrategyInc further solidifies its leadership in financial innovation through this move, aiming to attract more investor interest in its bitcoin-related fixed-income instruments by continuously optimizing its dividend policy.
See More
Strategy's First Bitcoin Sale in Four Years Sparks Market Concerns
- First Bitcoin Sale: On June 1, Strategy sold 32 Bitcoins for $2.5 million, a small amount that nonetheless triggered a significant market reaction, causing the company's stock to drop 9.3% on June 2.
- Psychological Significance: This sale was characterized as a 'preemptive inoculation' to signal to the market that larger future sales could occur without panic, contradicting the company's long-standing commitment to hold its Bitcoin.
- Dividend Funding: The proceeds were intended to fund dividends for Strategy's variable rate preferred stock, which requires about $100 million monthly; however, the sale was too small to cover even one month's obligation, highlighting its psychological rather than financial intent.
- Overreaction in the Market: Bitcoin's price fell 6.1% following the sale, but analysts suggest that the market's reaction may be excessive, as the fundamentals of Bitcoin remain strong, and investors should not rush to sell their holdings.
See More
Strategy's First Bitcoin Sale Triggers Market Reaction
- Bitcoin Sale Context: On June 1, Strategy sold 32 Bitcoins for $2.5 million, a small amount that nonetheless triggered a significant market reaction, with shares dropping 9.3% on June 2.
- Psychological Impact Analysis: The sale was not driven by financial necessity but aimed to communicate to the market, intending to mitigate panic from potential larger future sales through a small, planned transaction.
- Dividend Payment Source: The proceeds from this sale will fund dividends on Strategy's variable rate preferred stock, although $2.5 million is insufficient to cover the monthly obligation of approximately $100 million, its symbolic significance is noteworthy.
- Market Reaction and Bitcoin Trends: Bitcoin has fallen over 45% from its October 2025 peak, and while this sale exacerbated market volatility, its fundamentals remain sound, suggesting investors should not rush to sell due to short-term fluctuations.
See More
Saylor Responds to Cramer's Criticism of Bitcoin
- Bitcoin Holding Losses: Strategy's recent sale of 32 BTC at an average price of $77,135 resulted in a total holding value of approximately $51.4 billion, reflecting an unrealized loss of around $12 billion, indicating the company's vulnerability in the Bitcoin market.
- Stock Price Decline: With Bitcoin prices dropping nearly 18%, Strategy's stock closed the week at its lowest point since November 2022, showcasing market pessimism regarding the company's future performance.
- Market Sentiment Shift: Despite Cramer's accusation of Saylor 'murdering' Bitcoin, retail sentiment around MSTR remains in the 'extremely bearish' zone, reflecting investor skepticism about the company's strategy and concerns over Bitcoin's future trajectory.
- AI Market Impact: Analysts noted that the recent Bitcoin price drop was not solely due to Strategy's sale but rather a liquidity drain caused by the creation of approximately $19 trillion in new AI market capitalization, with Saylor asserting that this dynamic actually strengthens Bitcoin's position as a scarce digital asset.
See More
Strive Launches Bitcoin-Backed Digital Credit Product
- Digital Credit Product Introduction: Strive CEO Matt Cole announced that the company's SATA product offers a 13% variable dividend, designed to provide investors with low-volatility exposure to Bitcoin, thereby generating income during crypto bear markets, highlighting its potential in the transition to a Bitcoin economy.
- Financial Stability: Strive maintains a debt-free balance sheet and has built an 18-month dividend reserve, enabling it to continue paying dividends even during downturns in the Bitcoin market, demonstrating the company's resilience amid market volatility.
- Market Performance Analysis: Despite Strive's stock price closing down over 7% on Friday, Cole believes the market's reaction to its digital credit product is overly pessimistic, emphasizing the product's potential importance in the future Bitcoin economy.
- Institutional Adoption Outlook: Cole noted that institutional adoption of Bitcoin ETFs and digital credit products is still in its early stages, suggesting that it may take several years to achieve broad adoption across wealth management platforms, reflecting long-term confidence in Bitcoin.
See More
