Strategy, led by Michael Saylor, published its Q2 financial results showing an increase in Bitcoin holdings to nearly 846,000 BTC. The company reduced its convertible debt to $6.7 billion and implemented measures to stabilize its preferred stock STRC near its $100 par value, including an increased dividend rate and share buybacks. Market sentiment remains divided, with a 33% probability that STRC will reach $100 by year-end according to prediction markets. The September sub-market indicates a more pessimistic 15.5% probability, reflecting skepticism about short-term recovery.
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