BitcoinQuant

Stress Test: Week 1

The Pref Stack Issue #003 · Week of June 3rd-9th, 2026 The weekly read on bitcoin treasury preferreds. Published by BitcoinQuant. The Cover The first real stress test of the bitcoin treasury trade arrived this week. Bitcoin fell below $60,000 intraday Friday for the first time since October 2024. MSTR closed Tuesday at $117.53, down roughly 28% in two weeks. STRC traded as low as $94.50 intraday and closed Tuesday at approximately $96.18. The preferred stack widened across the board. Strategy...

4 days ago • 8 min read

The most important 8-K of 2026 (so far)

The Pref Stack Issue #002 · Week of June 1st, 2026 The weekly read on bitcoin treasury preferreds. Published by BitcoinQuant. The Cover A small bitcoin sale made big news this week. Strategy disclosed Monday morning that it sold 32 BTC for approximately $2.5 million between May 26th and May 31st, its first bitcoin sale since December 2022, and stated explicitly that proceeds will fund preferred dividend payments. MSTR opened down more than 5% in pre-market and finished Monday off roughly 6%....

12 days ago • 9 min read

Welcome to The Pref Stack

The Pref Stack Issue #001 · Week of May 25th, 2026 The weekly read on bitcoin treasury preferreds. Published by BitcoinQuant. Hi friends, Welcome to our first issue of The Pref Stack! Bitcoin treasury preferreds are the most important capital markets story nobody is covering systematically. Strategy now has four preferred series outstanding. Strive's SATA is paying 13%. And the people buying these instruments, increasingly institutional, increasingly yield-focused, deserve better than...

19 days ago • 6 min read