Michael Saylor · Bitcoin · Strategy · Cointelegraph
Crypto Biz: Bitcoin maximalism meets the realities of capital markets
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Strategy authorizes Bitcoin sales, Open USD takes on USDT and USDC, Fidelity defends Bitcoin security and crypto ramps up political spending for 2026.
Key facts
- Crypto companies have contributed roughly $189 million to the 2026 US election cycle, accounting for an estimated 37% of all corporate political spending so far, according to a new report by consumer
- Fairshake has spent more than $82 million this cycle, while the pro-Trump MAGA Inc. Super PAC, heavily backed by Crypto.com, has spent more than $56 million
- The company’s new “Digital Credit Capital Framework” raises the annual dividend on its STRC preferred stock from 11.5% to 12%, establishes a formal Bitcoin monetization program and expands capital
- Crypto’s political spending has already surpassed the roughly $170 million deployed during the 2024 election cycle, with more than four months remaining before November’s elections
Summary
For years, Michael Saylor’s Strategy built its brand around a simple mantra: Buy Bitcoin. The company authorized up to $1.25 billion in Bitcoin sales under a new capital framework. This week’s Crypto Biz explores how the digital asset industry is entering a more pragmatic phase, where ideological purity is giving way to financial discipline. Strategy has authorized up to $1.25 billion in Bitcoin sales under a new capital framework that will fund shareholder dividends, bolster cash reserves and repurchase stock while preserving its long-term Bitcoin strategy.