[US Morning Briefing] MicroStrategy ‘Tears Up the Rulebook’ and Targets 1 Million Bitcoins… US Cryptocurrency News

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Welcome to the US Cryptocurrency Morning Briefing. We'll briefly summarize today's most important cryptocurrency developments.

Read while having coffee about how companies are reconfiguring their Bitcoin (BTC) strategies in real-time. As traditional financial (TradFi) norms crumble, bold strategies are redefining the meaning of going all-in on digital assets and restructuring corporate balance sheets.

Strategy Unveils New Product 'Stretch'... BTC to $1 Million?

MicroStrategy recently unveiled its new product STRC, or "Stretch". Marketed as a perpetual preferred stock with an initial 9% dividend, this product was designed to support the company's Bitcoin additional purchase goals.

Michael Saylor, Strategy's board chairman, announced the IPO via his X (Twitter), describing it as a new means for Bitcoin accumulation.

[Rest of the translation follows the same professional and accurate approach, maintaining the specific cryptocurrency terms as instructed]

Cryptocurrency Stock Market Overview

CompanyClosed on July 22Pre-market Overview
Strategy (MSTR)$426.40$425.74 (-0.15%)
Coinbase Global (COIN)$404.44$405.50 (+0.26%)
Galaxy Digital Holdings (GLXY)$29.11$29.90 (+2.71%)
MARA Holdings (MARA)$19.88$18.86 (-5.33%)
Riot Platform (RIOT)$14.27$14.13 (-0.98%)
Core Scientific (CORZ)$13.48$13.60 (+0.89%)
Cryptocurrency Stock Market Opening Race: Google Finance

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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