MicroStrategy CEO Vuong Lu has called Bitcoin (BTC) “the United States of Finance.” Chain tracker Arkham says a $1 million bet it made on the company’s preferred stock has broken even.
The purchase, in a securities filing, is a personal bet on the company run by Le. Strategy, formerly known as MicroStrategy, is struggling to keep its extended preferred stock (STRC) near the level after Bitcoin’s decline.
A $1 million bet breaks even
A June 22 Deposit It shows that Le purchased 11,000 shares of STRC stock through his family’s trust. He paid a weighted average of $90.80 apiece, or about $998,756. He framed it as a long-term contract, not a trade.
This price was less than STRC’s stated value of $100. The strategy designed the stock to trade close to that $100 per valueAnd adjusting its monthly profits to defend the peg.
Since then, the company has raised STRC’s annual dividend to 12%, up from 9% in its debut in July 2025. This has seen shares move back towards the par level. Arkham now holds Le at break-even.
The recovery is important because STRC is anchored by a portfolio of preferred stocks now worth more than $13 billion. MicroStrategy recently identified a New bitcoin sales policy Which can finance those profits by selling some of its properties.
“I bought $1 million from STRC today. I’m going to hold it until it’s at par, maybe longer,” Lu described the purchase in June. mail.
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Why does Lu call Bitcoin the name of US finance?
Lu laid out his case for Bitcoin, describing it as money determined by transparent rules and a fixed supply that no government can inflate. He said assets protect wealth from inflation, censorship and political pressure.
“Bitcoin is America’s money. It aspires to do for money what the American Constitution aspires to do for government: create a system governed by transparent rules rather than the discretion of individuals… But beyond that, Bitcoin is hope.” male.
He linked the point of view to his past. He linked his family’s asylum journey from Vietnam to the belief that people should control their own money. Lu predicted that Bitcoin could become a global reserve asset within a decade.
The conviction carries weight because Lou is running strategythe largest Bitcoin holder with a value of 818,334 BTC.
Founder Michael Saylor pioneered this treasury model in 2020. Lu points to the fact that banks like Goldman Sachs and Citi have added Bitcoin services as proof that the shift is real.
Not everyone shares this optimism. Bitwise said the strategy is no longer the case The dominant buyer of Bitcoin. The company also reported a quarterly loss of $12.5 billion as Bitcoin declined. competition Bitcoin corporate bonds It continued to accumulate during the recession.
Whether it breaks even depends on how STRC and Bitcoin bear market Play from here. Currently, Lee’s balance sheet and personal account are pointing in the same direction.
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