The Block - 2026-06-26
4 items collected.
1. Strategy loses its bitcoin premium as enterprise mNAV dips below 1
Author: Kyle Baird
Published: 6/26/2026, 9:21:56 PM
Categories: Companies, Crypto Ecosystems, Layer 1s, Markets, Public Equities, The Block, Token Projects, Bitcoin, Strategy
Strategy's STRC briefly fell to a record low of $71.40 on Friday, leaving the preferred shares about 25% below par.
2. Ripple CEO says Michael Saylor has hurt crypto market as Strategy’s STRC trades 25% below par
Author: RT Watson
Published: 6/26/2026, 8:44:55 PM
Categories: Markets, The Block
"Financial engineering does not drive long-term value ... long-term value of any digital asset is going to be driven by utility," said Garlinghouse.
3. Solana DAT stocks climb double digits as SOL jumps 9%
Author: Daniel Kuhn
Published: 6/26/2026, 6:34:02 PM
Categories: Crypto Ecosystems, Layer 1s, Markets, The Block, Token Projects, Solana
Sol Strategies (STKE) climbed as much as 22% to a high of $1.20 on Friday, outpacing other crypto treasury stocks.
4. Base suffers second mainnet stall in two days
Author: Daniel Kuhn
Published: 6/26/2026, 5:50:02 PM
Categories: Companies, Crypto Ecosystems, DeFi, Exchanges, Layer 2s and Scaling, Markets, Public Equities, The Block, Base, Coinbase
Base block production resumed as of 16:11 UTC, following an alert to another mainnet chain stall at 15:33 UTC.