Michael Saylor Calls For Bitcoin Unity As Strategy's STRC Pause Hands Critics Fresh Ammunition

Michael Saylor urges Bitcoin unity as Strategy’s STRC pause fuels renewed debate. The executive chairman of Strategy Inc (MSTR) called on Bitcoin advocates to focus on “the 99% that matters,” writing that the opportunity is larger than ongoing arguments. His remarks came as Strategy halted at-the-market sales of its STRC preferred shares after the security fell below its $100 par value. The company has not formally announced a pause, but weekly SEC filings showed zero STRC ATM issuance for both the first and second weeks, and The Block reported the program was suspended after STRC closed at $88.59 on June 18. STRC closed at $88 on Friday. The shift adds pressure to a dispute with Twenty One Capital CEO Jack Mallers over whether perpetual preferred equity effectively commits issuers to pay indefinitely, citing STRC’s roughly 11.5% perpetual coupon.