Starknet | STRK
$0.1403
Coin info
Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply
Do you think the price will rise or fall?
Rise 40%
Fall 60%
Price perfomance
$0.00
0%
$∞
Range 24H
$∞
Depth of Market
Depth +2%
Depth -2%
$0.1403
Rise 40%
Fall 60%
#170
$536,038,745
$95,167,099
3,594,239,418.35
10,000,000,000
StarkNet is a permissionless decentralized Layer 2 (L2) validity rollup, built to allow Ethereum to scale via cryptographic protocols called STARKs, without compromising Ethereum’s core principles of decentralization, transparency, inclusivity and security. The StarkNet Token is needed to operate the ecosystem, maintain and secure it, decide on its values and strategic goals, and direct its evolution. This token will be required for (i) governance, (ii) payment of transaction fees on StarkNet, and (iii) participation in StarkNet’s consensus mechanism.
16 Jul 2025, 14:30
Strategy (MSTR) revealed a shift in its fundraising, as buyers moved onto its preferred equity placements. The ATM program for STRK, STRF, and STRD saw increased demand, rising to a record during the past week’s fundraising round. The Saylor-led firm noted a shift in its fundraising playbook, as it continues to build up its BTC treasury. After renewing its weekly purchases , Strategy noted that interest in its preferred shares increased. Last week’s market record demand for all three of the preferred stocks shows the firm’s shares are back in the spotlight, extending the BTC purchasing period. Strategy reported that preferred shares contributed $141M to last week’s raise, where the company acquired 4,225 BTC. Our preferred equity ATMs are seeing record demand. $141M raised last week. $STRK $STRF $STRD pic.twitter.com/QVWYbL2161 — Strategy (@Strategy) July 16, 2025 Strategy started to shift its capital raise to preferred shares in the past month. Last week was the first raise to include all types of preferred shares, as STRD offers were finally taken up by the market. Strategy pauses MSTR raises to improve balance Strategy resorted to its preferred shares to slow down the dilution of its MSTR common stock. For the past two weekly raises, the Saylor-led firm did not issue new MSTR shares in its ATM program. Following a two-week pause of new MSTR issues, combined with a record BTC rally, MSTR rose to a yearly high at $442.13. MSTR trades near its yearly peak, after a two-week pause in new share issuance and dilution. | Source: Google Finance The decision helped narrow the gap between the company’s share price and the value of its BTC holdings. When the share price gets too close to the underlying asset value, the ATM sales become less attractive. MSTR sales are successful when presenting a premium and serve as a proxy for BTC investments. As BTC posted records above $122,000 and held around $118,000, Strategy may be able to tap the MSTR ATM program in the coming weeks. As of July, Strategy has used up to 50% of its MSTR ATM program, with allocations intended to last until 2030. The firm has already acquired 3% of the BTC supply, hoping to hold for the long term. Strategy preferred shares get a boost from yield demand Strategy’s preferred shares offer the potential for dividend payouts, satisfying demand for high-yield products. Some of the preferred shares are riskier, but still inspire demand. The three types of preferred equity were issued in January, March, and June, helping Strategy in its record expansion in 2025. STRF remains the least risky preferred stock, with a 10% yield and higher priority compared to STRK and STRD. STRF traded at $117, rising toward a record during the recent fundraise. Recently, STRF peaked at $126.48. STRK offers 8% yield, and is second in seniority in the case of redemption. STRK peaked at $125.75, later sliding to $118.13. The preferred shares have been trading above their $100 par since June, leading Strategy to expand its preferred share offers each week. One of the biggest sources of liquidity will be the $21B sale program for STRK. STRD is the latest addition to preferred shares, currently trading at $93.28. The new facility offers non-mandatory, non-cumulative dividends, though at a higher yield rate compared to STRF and STRK. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
16 Jul 2025, 11:36
The post Why Michael Saylor’s Strategy Can Easily Survive a Bitcoin Crash to $20K appeared first on Coinpedia Fintech News As Bitcoin price jitters ripple through the market, Strategy isn’t backing down. In fact, it says it’s built to survive even if Bitcoin crashes all the way down to $20,000. That’s the message from Chaitanya Jain, Strategy’s Bitcoin strategy manager, who responded to growing concerns on social media about the company’s heavy exposure to BTC. “$BTC could crash to $20K and $MSTR would still have sufficient collateral to cover all liabilities. Model it yourself,” Jain wrote on X. 601,550 BTC and Still Buying Strategy currently holds 601,550 Bitcoin, worth over $71 billion – the largest BTC treasury of any company in the world. This week, the firm added another 4,225 BTC, spending $472.5 million. That money came from selling debt in the form of MSTR and BTC-backed convertible securities like STRK, STRF, and STRD. The fresh purchase is part of Strategy’s ongoing accumulation plan, even during market uncertainty. Jain has clarified that the company is not overexposed and it’s over-prepared. While some online call it a “house of cards,” Jain clarified Strategy is a fortress against Bitcoin market volatility. $BTC could crash to $20K and $MSTR would still have sufficient collateral to cover all liabilities. Model it yourself: https://t.co/zhcSXg0asr pic.twitter.com/fgvabYZORz — Chaitanya Jain (@_ChaitanyaJ) July 16, 2025 $35 Billion Raised in a Year Over the past year alone, Strategy has raised $35 billion to buy more Bitcoin. According to Jain, this reflects a much bigger trend: traditional finance is slowly shifting toward Bitcoin. “Finance bros are becoming Bitcoiners,” he said. That line says a lot. Institutional players, once cautious or dismissive, are now taking direct positions in BTC and Strategy is leading the way. $291M Profit in Just One Week Michael Saylor, Strategy’s co-founder, also shared new profit figures from the company’s Bitcoin operations. In the past week alone, Strategy earned 2,485 BTC for its shareholders, which is equal to around $291 million. So far this year, the company has gained a total of 90,337 BTC, worth more than $10.5 billion. For a firm often criticized for its aggressive Bitcoin strategy, these numbers offer a strong response. The Bottom Line While many companies hesitate in this volatile market, Strategy continues to go all-in on Bitcoin. It’s raising billions, stacking BTC, and holding firm even in the face of worst-case scenarios. Whether this model can hold long-term is still a question. But for now, the company continues to shine!
15 Jul 2025, 10:41
The post Samson Mow Says Bitcoin Bull Market Is Just Starting as BTC Hits $123K appeared first on Coinpedia Fintech News Bitcoin just shattered its previous all-time high, briefly reaching $123,091.61 on Monday. This explosive move has reignited bold predictions across the crypto world, especially from Samson Mow, CEO of JAN3 and a well-known Bitcoin advocate. Mow believes this is only the beginning. “The Bitcoin bull market hasn’t even started yet,” he said, signaling that the real rally may still be ahead. His recent comments also highlight a powerful milestone – Bitcoin has now outpaced inflation by 19%, proving itself as a strong hedge against long-term financial uncertainty. If you take a real inflation rate of say 11% (eggs) and apply it to the ATH price in November 2021 ($68,789), that gives us an inflation adjusted 2021 high of $0.1M. $0.12M is just beating inflation by 19%, or 4.8% annually. The Bitcoin bull market hasn’t even started yet. — Samson Mow (@Excellion) July 14, 2025 Bitcoin vs Inflation: How BTC Holds Its Value Over Time Samson Mow compared the current price action to Bitcoin’s peak of $68,789 in November 2021. Adjusted for a real inflation rate of 11%, based on everyday items like eggs, this would bring the inflation-adjusted high to around $100,000. However, Mow argues that the true inflation rate is likely even higher, possibly between 15% and 20%. This makes Bitcoin’s recent climb to $116,778 even more impressive, showing a 4.8% annual gain above inflation. Mow, who famously predicts Bitcoin will reach $1 million through what he calls “Omega candles” (massive price surges), sees this moment as an early sign of a much larger rally to come. Strategy’s Massive Bitcoin Purchase Michael Saylor’s firm, Strategy (formerly MicroStrategy), made headlines again with another huge Bitcoin buy. On Monday, the company added 4,225 BTC to its holdings, spending $472.5 million. This brings Strategy’s total stash to 601,550 BTC, now worth over $70.2 billion. The purchase was funded through a $330.9 million sale of MSTR shares, along with the sale of Bitcoin-backed convertible stocks – STRK, STRF, and STRD. Saylor reported a 20.2% return on Bitcoin year-to-date and continues to push the idea that Bitcoin is not just an investment but the future of money. He repeated his now-iconic line that Bitcoin is “going up forever.” JAN3 also commented on the transaction, pointing out how these strategic moves are helping drive broader market activity. Price Correction Is a Positive Sign, Says Rochard Not everyone sees the pullbacks as negative. Pierre Rochard, CEO of The Bitcoin Bond Company, shared his thoughts on the recent dip after Bitcoin briefly touched its new highs. Bitcoin’s retracement is healthy: it slows leverage, resets funding rates and implied volatility, and moves open interest from speculative upside calls into fresh strikes and maturities, giving the next leg of the bull market a sturdier foundation. — Pierre Rochard (@BitcoinPierre) July 15, 2025 He described the correction as “healthy,” explaining that it reduces excessive leverage, resets funding rates and implied volatility, and helps move open interest into new strike prices and maturities. In his view, these shifts lay a stronger foundation for the next phase of the bull run. Momentum Builds as Institutions Double Down With Bitcoin now trading above its inflation-adjusted all-time high and institutional interest continuing to grow, the momentum is clearly building. Voices like Mow and Saylor remain confident that Bitcoin’s best days are still ahead. Whether the price continues to rise in the short term or takes a breather, Bitcoin’s growing dominance, inflation resistance, and increasing adoption are signs of a deeper shift taking place in global finance.
15 Jul 2025, 10:36
Summary Strategy now holds over 600,000 BTC, but MSTR still trades at a significant premium to its Bitcoin holdings. I continue to like the STRF preferred shares far better than the common. STRF has an 8.4% effective yield and has outperformed MSTR since my last article. STRF is less risky than MSTR in both bull and bear Bitcoin scenarios, as dividends are realized returns and not dependent on BTC price appreciation. With potential rate cuts ahead, STRF may gain favor with income investors. I see it as the best way to gain exposure to Strategy at this time. Strategy ( MSTR )( STRF )( STRK )( STRD ) has officially surpassed the 600,000 Bitcoin ( BTC-USD ) threshold after announcing the purchase of another 4,225 BTC between July 7th and July 14th. The exact number of coins that the company now holds is 601,550. It's a staggering number of coins and Strategy currently owns over 3% of Bitcoin's 19.9 million circulating supply and 2.8% of the total supply that will ever be in existence. Data by YCharts It's been an absolutely incredible run for both MSTR shareholders and BTC-USD holders with each seeing intense rallies from the 'tariff tantrum' in early-April. The relationship between Strategy and Bitcoin itself has become quite symbiotic over the last year; with Strategy's ability to raise capital benefiting from the ever-increasing valuation of its Bitcoin collateral and Bitcoin's price rising, in part, due to Strategy's seemingly never-ending bid. I've actually been bullish MSTR in the past but flipped to a more cautious view when the shares started trading at a significant premium to the value of the BTC on the balance sheet last year. More recently, I've taken a liking to the preferred offerings, specifically the senior STRF shares, and have opined that the existence of the preferred stocks may even be to the long term detriment of the common stock. I closed my May Strategy piece with this: I won't pay a premium for BTC through MSTR when I can just buy an ETF instead. But I have no problem letting Saylor pay me 10% while he dilutes his common stockholders. I'm long STRF. 5/3//25-7/14/25 (Seeking Alpha) Long STRF rather than MSTR has worked out considerably well since that early-May piece with the senior preferred stock generating a 35% total return in a little over two months. In this update, I'll get into why I'm increasingly of the opinion that the common stock is the wrong way to play Strategy's Bitcoin flywheel at this point in time. Lackluster STRD ATM Demand? In that same article I referenced from May, I compared the three different preferred shares currently offered by Strategy. At that time, I came to the conclusion that even though it was an interesting capital appreciation play, STRD was the inferior investment of the three senior shares for long term income-minded investors. I won't re-write that entire piece, but my primary argument against STRD was that the dividends are not mandatory and not cumulative. Thus, Strategy could simply opt to not pay STRD shareholders at all if it felt it benefited the company. Subsequent to that May piece, Strategy announced a $4.2 billion ATM for STRD shares and had what I think is an alarming addition to the 'use of proceeds' section from the prospectus . The bold text below is my emphasis: We intend to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and for working capital, and may also use the net proceeds for the payment of cash dividends on our STRF Stock and STRK Stock . Higher yields aside, the idea that proceeds could be raised from a tranche of preferred shares lacking mandatory dividend payments and then used to pay the dividends of an entirely different shareholder group had to give potential STRD buyers at least a little bit of pause. One week following the announced ATM, I think we have some possible signals from Strategy's first July 2025 BTC purchases: ATM Program Used Shares Sold Notional Proceeds MSTR 797,008 - $330.9m STRK 573,976 $57.4m $71.1m STRF 444,005 $44.4m $55.3m STRD 158,278 $15.8m $15.0m Source: Strategy, July 7th-14th ATM sales In the first week following the announced STRD ATM, Strategy was able to bring in just $15 million through that offering and $101.8 million from the mandatory payment preferred tranches. I think there are two ways to look at this: Demand for Strategy's junk tranche has diminished Strategy would rather raise capital from the products where proceeds exceed notional Number two is probably only true if the company believes the share prices of STRK and STRF are too high. I don't think that is the case and I'll get into why in the next section. Thus, I believe the lack of STRD issuance is likely more indicative of a demand problem. By itself, this is potentially concerning since the company intends to raise up to $4.2 billion with this product for the expressed purpose of paying previous investors. But perhaps the bigger signal in Strategy's ATM use through the first half of July 2025 is that 70% of the capital used to buy Bitcoin this month has come from the MSTR ATM. Currently, there is $17.8 billion remaining on the MSTR ATM and a combined $26.2 billion left on the preferred share ATMs. Between the shares issued already from the ATMs and the initial offerings, Strategy owes $326.5 million in annualized dividend payments. Most of which is through the mandatory products. ATM Product MSTR STRK STRF STRD Remaining Availability $17,779.8 $20,450.9 $1,881.3 $4,185.0 Total ATM $21,000.0 $21,000.0 $2,100.0 $4,200.0 % Used 15.33% 2.61% 10.41% 0.36% Dividend % - 8% 10% 10% Annualized Payments of Remaining - $1,636.1 $188.1 $418.5 Source: Strategy, dollars in millions Importantly, if the company were to fully raise through all three preferred share product ATMs, the annual liability to those stock holders from the available shares would be an additional $2.24 billion - or a total of $2.56 billion counting the shares that have already been issued. Since these are annual payments in perpetuity, they pose a significant long term risk to Strategy's BTC stack if the company can't continue to dilute the common stock or raise capital through additional means. Of course, the rebuttal to this is the expectation that Bitcoin's price will continue rising at a faster annualized rate than the 10% payments. Yet, even if we take that as a base case, it might still make more sense to long STRF over MSTR. Valuation Considerations It's been mentioned many times before through Seeking Alpha pieces - my own included - that MSTR continues to trade at a sizable premium to the market valuation of the Bitcoin that Strategy holds. At a mNAV rate of 1.96, MSTR trades at nearly double the value of the company's BTC: MSTR mNAV (StrategyTracker) While well below mNAV highs, some believe 1.96 is a rich valuation for the common; I'm clearly in that camp. Others see no issue with the premium. To each their own. I'm not going to dwell on it because readers likely already know where I stand and it's a simple difference in philosophy. Rather, let's explore the capital appreciation potential of STRF. STRF Appreciation Potential At $10 Annual Dividends Share Price Share Price at 7% Effective Yield $143 Share Price at 6.6% Effective Yield $152 Share Price at 6% Effective Yield $167 Share Price at 5% Effective Yield $200 Share Price at 4.44% Effective Yield $227 Share Price at 4% Effective Yield $250 Source: Author's Calculations The table above shows the potential share price appreciation for STRF under different effective yield scenarios. At a 7% effective yield, the stock is worth $143. If STRF were to trade in line with the 12 month trailing yield of the iShares Preferred and Income Securities ETF ( PFF ), the stock would be worth $152. The US 10-year is currently yielding 4.44%. At par with the US 10-yr, STRF is worth $227 per share. And if we actually see rates go down in longer term US debt, the price of STRF could potentially re-rate even higher if income investors view BTC-collateral as a viable alternative to government bonds. But let's just assume STRF can grow the stock price to an effective yield of 6.6%. I think this would be reasonable as it is in-line with other preferred stocks. At a closing share price of $118.5, STRF would see price appreciation of 28.3% before dividends at a 6.6% effective yield. If the mNAV of MSTR remains constant, Bitcoin would have to get to $154k per coin to justify MSTR over STRF on price appreciation. This is admittedly a hypothetical situation. However, I think STRF is misunderstood. Unlike MSTR, STRF can work in both Bitcoin bear and Bitcoin bull scenarios. Closing Takeaways One of the criticisms that I've seen online from MSTR longs who don't hold Strategy's preferred shares is the claim that 10% in fiat yield is trumped by the presumed 'BTC Yield' of the common stock equity. I don't actually think that's the correct way to compare the common with the preferred stock. First, dividends paid to STRF stockholders are realized returns. The 'BTC yield' of the common stock could actually go negative if Strategy is ultimately forced by the market to sell BTC to raise the capital for preferred share dividend payments. Second, BTC Yield is fundamentally an argument for assessing MSTR relative to the Bitcoin backing of each share. If that truly has any significance, why should the market pay double for the BTC held by the company through the common when the BTC is unproductive? Many expect the MSTR mNAV to go much higher. My base case is that it won't. In a truly bearish Bitcoin scenario , mNAV could realistically go negative as it did in the past. And Strategy would still have to pay the STRF dividends with a preferred to BTC NAV collateral ratio of 5%. Finally, the market is expecting no less than two rate cuts through the remainder of the year by the Federal Reserve. If short term rates go down, investors may begin to get bullish longer duration debt. I would imagine a strong bid for STRF in such an environment. At this point, STRF is my only exposure to Strategy.
