Strategy’s USD Reserve now covers 20.4 months of $STRC dividends, up from 17.4 just a week ago after a $450M top-up to $3B total. 🚀
$STRC has climbed from $74.57 at the June lows to ~$89 today.
Coverage is rebuilding, price is following, & digital credit FUD is weakening.
We’re not only building to make DeFi better, but improve the $ETH ecosystem too. 🚀
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After months of deterioration, sentiment around $MSTR, $STRC, $ASST, & $SATA all moved higher last week.
We expect that trend to continue this week.
We cover the shift and lots more in our inaugural Digital Credit Weekly recap. 👇
🎉EVS Gold Sponsor announcement✨
✨We are pleased to welcome APYX as a Gold Sponsor🧈
@apyx_fi
Apyx is the world’s first Dividend-Backed Dollar (DBD) protocol. Rather than relying on fiat reserves (like USDT/USDC) or opaque trading strategies (like many yield-bearing stablecoins), Apyx is backed by publicly traded preferred equity issued by Digital Asset Treasury (DAT) companies; most notably STRC, Strategy’s (formerly MicroStrategy) variable-rate perpetual preferred stock. Apyx takes the recurring cash dividends generated by DAT preferred shares/Digital Credit, brings them onchain, and converts them into programmable yield.
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📅July 14, 2026
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I asked Parker White whether Strategy's $260M Bitcoin sale marks a real shift away from Bitcoin's ethos. His answer: it is 'a little bit of a tweak,' not a flip flop. ��
I pushed back, since selling Bitcoin at a loss to fund dividends puts the dollar ahead of Bitcoin, at least in that moment.
Full conversation on my latest episode with @TheOtherParker_.
Timestamps:
🏛️ 02:03 Parker on why Strategy's record Bitcoin sale to fund dividends is smart, not desperate
📋 06:24 How Strategy's new digital capital framework tries to calm the market's nerves
⚠️ 09:59 Laura and Parker spar over whether shorts or Strategy's own missteps sparked the selloff
💵 21:27 Whether prioritizing USD over Bitcoin marks a philosophical flip for Strategy
📣 26:28 Fidelity: Explore crypto careers at Fidelity today at https://t.co/8dua6AZj82
🔐 27:10 Cape: Get 33% off your first six months with code UNCHAINED at https://t.co/2ZtLziXsHV
⏳ 28:09 Why Parker isn't worried about Strategy's looming $6.7 billion convert cliff
🧩 34:56 Parker on how Apyx wraps STRC and SATA into a yield bearing onchain asset
📉 36:38 What caused apxUSD's drop to as low as 72 cents and the liquidity pull
🛡️ 41:10 Parker defends Apyx 2.0's redemption rules against the free put option critics
🔄 47:53 Parker on why comparing Strategy to Terra Luna or GBTC misreads the risk
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Supply for 40x points multiplier toward the Oct 13 $APYX airdrop.
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"If you short STRC at $100 your downside is capped because Strategy will come in and run the ATM right at $100. But your upside as a short is unlimited"
Parker White on why STRC became a perfect short setup and why the violent selloff was shorts latching onto an opportunity rather than a fundamental problem
"SATA did not have nearly as violent of a reaction. And Strive actually has a more vulnerable balance sheet position than Strategy with STRC. Yet the market was trading down for STRC"
"This really was just a situation of shorts latching on to an opportunity and then people panicking, grabbing hold of a narrative, and selling"
Strategy sold 3,588 BTC ($216M) to fund its preferred dividends. Capitulation, or proof the dividend machine works?
@TheOtherParker_ of Apyx — whose apxUSD stablecoin is backed by Strategy's STRC — joins live at 3:30pm ET.
Join us live on our platforms: X - https://t.co/AohKSQ4sNg
Apyx has completed its 5th smart contract security audit, this time with @halbornsecurity. 🔐
Security and transparency are core to building the first Dividend-Backed Dollar (DBD) protocol.
All Apyx audits are available here. 👇
https://t.co/OoShiONrAu
All the ways you can earn yield with onchain digital credit. 👇
And don’t forget, you’ll also earn points toward the October 13 $APYX airdrop.
So, what're you waiting for?!
you are only overreacting if you think @Strategy is the next Luna.
@apyx_fi made a strong case for why this isn't another collapse.
a really good defense of STR, MSTR, and digital credit ngl.
Here's why:
> strategy isn't facing margin calls.
> STRC isn't losing its peg. It's simply repricing for a higher yield.
> the balance sheet is backed by over 847,000 BTC, not empty promises
the luna comparison misses the mechanics here.
Luna was built on reflexive algorithmic incentives that unraveled once confidence broke.
Strategy is sitting on real BTC collateral.
that alone changes the entire risk profile.
the risks are still there, of course.
it's just that they look more like funding pressure than a company going under.
what i liked about Apyx’s take is that it doesn’t pretend those risks don’t exist.
we all know the risks are there.
Apyx also acknowledged them.
and it also made sure to differentiate between financial issue and insolvency.
Apyx also does a good job framing strategy’s digital credit setup.
in simple terms, a BTC-backed credit will surely be affected in this market.
when it gets better, it can evolve into a legit asset class.
there is no point in asking if they survive this volatility.
what should be focused on is whether digital credit becomes a core of the market.
the same goes for everyone saying, "the peg is broken."
it isn't, STRC is simply trading below par because the market wants a higher yield.
if you know very well, you'll know that's repricing.
i am sure by now, every one of us can see the thesis.
right now, the market is pricing in a worst-case outcome.
don't get swayed by what you see on the TL.
do read this and see for yourself.
@apyx_fi VOTE NOW: apyxUSD Holders The Repeg and Compensation Plan community proposal needs your input today.
If approved, the plan delivers compensation and priority recovery for all eligible participants.
Voting ends TODAY
https://t.co/cl7PXG48RZ
@apyx_fi Your participation is needed. The REPEG and Compensation Plan vote is currently open.
If this passes, qualifying users will be entitled to compensation and priority recovery access.
Vote closes TODAY
https://t.co/cl7PXG48RZ
@alturax Altura Update.
Altura users are advised to migrate to the v3 Router Bridge before the v1 contract is phased out.
Any assets that remain unmigrated could be affected.
Learn more https://t.co/E1aLttnTOL