Bitcoin’s drop into the mid-$67,000s — driven by ETF outflows, Mt. Gox movements, geopolitical tension, and Strategy’s first BTC sale in years—triggered an outsized selloff in crypto-linked stocks.
Companies are vertically integrating Bitcoin across four stages: Accept, Hold, Produce, Build, wiring them together into flywheels to create structural moats.
Strategy retired $1.5 billion in convertible debt at an 8% discount, bringing its holdings to 843,738 BTC as it actively rebalances its capital structure.
The Trump family trust disclosures show purchases of Coinbase, MARA and Strategy shares in Q1 2026 as the administration advances a more crypto-friendly policy agenda.