May 26: The company confirmed it had used its cash reserve to finance the bond repurchase. The transaction had reduced the fund to $871 million.The buyback reduced that reserve to roughly six months of STRC dividend coverage. The company had previously said the plan was to maintain about 24 months of dividend coverage.STRC traded at $99.33, bitcoin hovered around $77,000.June 1: Strategy sold 32 BTC, its first bitcoin sale since 2022. The move appeared intended to demonstrate that the company was willing and able to sell the token if necessary to fund dividend obligations. The sale accounted for just 0.0038%…

In brief Rep. Bryan Steil (R-Wis.) introduced the Stop Lawmakers from Predicting Act on Thursday. The bill would bar members of Congress, their spouses, and dependent children from wagering on policy outcomes, government actions, or elections via prediction markets. It also builds on broader federal scrutiny of platforms like Kalshi and Polymarket, including a Senate ban on member/staff wagering and a House Oversight investigation into the platforms. A senior House Republican introduced legislation Thursday that would bar members of Congress, their spouses, and dependent children from placing wagers on prediction markets tied to legislation, government actions, or election results.Rep. Bryan…

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