
Strategy’s Bitcoin bet sinks $12 billion underwater as STRC traders brace for more pain
Strategy still holds more than $50 billion of Bitcoin, but weaker securities and rising funding costs are leaving it with fewer attractive ways to keep buying.
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BAGEY turns tokenization into a legal-record test, but transfer, collateral, and custody mechanics still have to prove the model.

The ELR gives selected firms a legal route, but wallets, exchanges, counterparties, and issuers still face pressure.

Waller's conference framing turns dollar tokens from a crypto-market tool into a question for Treasury demand, bank funding, and global liquidity.

SPCX concentration shows real demand, but redemption, custody, and shareholder expectations still depend on the product.

Lummis is pushing CLARITY toward a July Senate sprint, but the bill still needs floor time, final text and Democratic votes before the recess clock closes.

BTC's market downturn has weakened hiring but created opportunities for traditional financial firms to buy crypto firms.



