ChainCatcher report, according to BBX data, ahead of the FOMC meeting and amid the dual catalysts of the U.S.-Iran agreement, sentiment among cryptocurrency-related stocks showed a clear rebound yesterday. Key developments include: Strategy, Inc. (NASDAQ: $MSTR) closed up 3.18% at $123.97 on June 15, continuing a multi-day recovery trend; Bitcoin rose to approximately $64,000 during the same period, but remains about 15% below the company’s average purchase price of $75,680 for its 843,738 BTC holdings. The company’s most significant balance sheet move recently occurred on May 25 via an SEC 8-K filing: it repurchased $1.5 billion face value of 2029 convertible notes using approximately $1.38 billion in cash—executed at a discount of roughly 8% to par value—reducing outstanding convertible debt from $8.2 billion to $6.7 billion. This transaction generated a BTC yield of 0.7% and a BTC gain of approximately 4,391 BTC. As of May 25, the company held $871 million in USD reserves and stated it would “supplement reserves over time based on market conditions.” Since early 2026, cumulative BTC yield has reached 13.3%. Phong Le (CEO): This transaction “demonstrates discipline in employing a full suite of capital management tools for debt management.” Michael Saylor previously stated that Strategy would still have sufficient assets to cover all debt even if Bitcoin fell to $8,000, implying resilience under extreme scenarios. Coinbase Global, Inc. (NASDAQ: $COIN) was listed by CoinGape in its June 15 research report as one of the “three most值得关注 cryptocurrency-related stocks” ahead of this week’s FOMC meeting (the other two being $MSTR and $BMNR). With Bitcoin currently at ~$64,000 and Ethereum at ~$1,660, the market is pricing in a 97.4% probability of no rate hike at the June 17 FOMC meeting (2.6% chance of a cut, 0% chance of a hike). The major U.S.-Iran agreement (negotiated over the weekend of June 14–15) spurred a broad rebound in risk assets; the sharp decline in oil prices eased inflationary pressures, providing additional support for sentiment recovery in crypto markets. Should the FOMC dot plot not signal an unexpectedly hawkish stance, Coinbase stands to benefit from increased trading volume and asset growth driven by a potential upward trend in Bitcoin, particularly within its prediction markets and institutional custody businesses.
MSTR repurchases $15 billion in convertible debt at an 8% discount; Coinbase among top crypto stocks ahead of FOMC
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Summary
MSTR repurchased $15 billion in 2029 convertible debt at an 8% discount, reducing its outstanding balance to $6.7 billion. The buyback generated a BTC yield of 0.7% and a BTC gain of 4,391 BTC. The current BTC price is $64,000, with top altcoins such as ETH at $1,660. Coinbase is among the most closely watched crypto stocks ahead of the FOMC meeting. Market odds for a rate cut remain high at 97.4%.
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