Strategy Inc Preferred Shares Soar 12.6% on 44.93M Volume as Bitcoin Rebounds Above $62K
MSTR•Strategy Inc preferred shares jumped 12.6% on 44.93 million shares traded as Bitcoin dipped below $60,000 before rebounding above $62,000. Miners rejected the BIP-110 image and text ban with under 1% support, highlighting strong network consensus.
1. Preferred Shares Surge
Shares of Strategy Inc preferred stock climbed 12.6% intraday on July 3, with 44.93 million shares changing hands as investors responded to the company’s pivot toward enhanced Bitcoin exposure.
2. Bitcoin Price Swing
Bitcoin briefly fell below the $60,000 support level before rallying above $62,000 on renewed momentum from advancing U.S. crypto legislation, boosting market sentiment and trading volumes.
3. Miner Rejection of BIP-110
The BIP-110 proposal to ban attaching images and text to Bitcoin transactions failed to secure even 1% miner backing, a result touted as proof of the protocol’s robust hard consensus mechanism.
