Treasury Risk

A deep-dive into STRC issuance mechanics, the amended Omnibus Sales Agreement, and what record STRC supply means for Strategy’s BTC treasury — including the forced-sale scenarios critics warn about.

Large on-chain transfers by miners and treasury companies are flashing warnings for CFOs and investors — but context matters. This post profiles recent miner moves, the scale of corporate unrealized losses, and practical treasury frameworks to survive deep drawdowns.

As BTC drifts lower, the once‑comfortable strategy of holding Bitcoin on corporate or sovereign balance sheets is under stress. This article breaks down market‑impact channels, recent sovereign transfers such as Bhutan’s, and a practical CFO playbook for accounting, hedging and staged unwinds.