The tracker refreshed a roughly $1.9 billion valuation even though filings still describe the stack as closing-dependent.
The settlement changes nearly 2 million warrants while filings name no successor CIO or asset manager.
ETF outflows, softer perpetual buying and stagnant on-chain capital leave long-term holders carrying the immediate support test.
Raphael Zagury says mining and other cash-generating businesses could deliver better risk-adjusted returns measured in Bitcoin.
MSTR’s July 24 close indicates a $217 return per $1,000 note, pending GS&Co.’s final calculation.
Historical liabilities, preferred claims, restricted crypto and prospective dilution stand between the gross asset value and common holders.
The Q2 split favored colocation, although management did not say conversion had become compulsory.
The filing shows 79 more BTC, 430,000 more effective common shares and an unresolved funding link.
STCE kept the same ticker, fee, objective and index while its largest holdings included miners and Trump Media.
To legally train AI, tech companies are buying millions of physical books—just to slice off their bindings and shred them.
A later snapshot showed open interest down 20.29% while TradeXYZ investigated the price inputs submitted to HyperCore.
KalshiEX and Polymarket US can keep serving Minnesota users while the merits and contract boundary remain unsettled.
