Home Blog Page 895

Company’s Stretch preferred stock now paying 11.5% dividend

0

Leading bitcoin treasury company Strategy has again raised the dividend on its STRC (“Stretch”) preferred series.

Led by Executive Chairman Michael Saylor, the firm lifted the annualized payout by 25 basis points to 11.5%.

While STRC to this point has performed as hoped by the company — continuing to trade in a tight range close to $100 — Strategy’s common stock, MSTR, has floundered alongside the price of bitcoin.

MSTR closed February with its eighth consecutive monthly decline, falling 14% as bitcoin tumbled nearly 20%.

Stretch is meant for steady income

Strategy describes STRC as a short-duration, high-yield savings account. This latest dividend increase marks the seventh since STRC began trading in July 2025.

A perpetual preferred stock that pays monthly cash distributions, the STRC dividend rate is set each month to help the shares trade close to their $100 par value and to limit price volatility. STRC closed at $100 on Friday but had traded somewhat below that level during part of February’s brutal month for crypto, necessitating the payout boost.

Polymarket Traders Make $1M on US-Iran Strike Bets, Spark Insider Concerns

0

Six Polymarket traders earned roughly $1 million after accurately betting that the United States would strike Iran before the end of February, triggering insider trading suspicions.

The six wallets were all created in February and placed nearly all of their activity on contracts predicting the timing of a potential US attack, Bloomberg reported, citing data shared by analytics firm Bubblemaps SA. In several cases, shares were purchased only hours before explosions were first reported in Tehran, with some contracts acquired for around $0.10, per the report.

The timing drew attention from onchain investigators, who said the pattern resembles behavior previously linked to suspected insider activity on prediction markets.

Crypto users flag suspicious Polymarket bets. Source: cvxv666

“In cases involving war or conflict, information can circulate within a broader circle before becoming public,” Nicolas Vaiman, chief executive of Bubblemaps, reportedly said. “Combined with the fact that Polymarket generally only requires a wallet to trade, which allows for a high level of anonymity, this can create incentives for informed participants to act early,” he added.

Cointelegraph reached out to Polymarket for comment, but had not received a response by publication

Related: Polymarket user gains $400K betting on ZachXBT investigation

Polymarket Iran strike bets draw $529 million in volume

During the recent escalation, more than $529 million flowed into strike-related contracts on Polymarket. The specific Feb. 28 contract alone attracted roughly $90 million in trading volume, making it the most popular strike date among traders. A Jan. 31 scenario followed with about $42 million.

Notably, one of the flagged accounts had previously lost money on an earlier prediction before placing a larger wager that later returned more than $170,000, suggesting that the trades do not by themselves prove wrongdoing. Washington had also publicly warned of possible military action for weeks, drawing speculators to the platform.

There have been more instances of insider-trading allegations on Polymarket. This week, a small cluster of crypto wallets earned more than $1.2 million betting on a contract tied to an onchain investigation into DeFi platform Axiom, shortly before investigator ZachXBT published claims that an Axiom employee and associates had been engaged in insider trading since early 2025.

Last month, a Polymarket account made about $400,000 from a well-timed wager on the capture of Venezuelan President Nicolás Maduro. The wallet had placed roughly $32,000 on Maduro’s removal shortly before the news became public, raising insider trading concerns.

Related: Polymarket users favor Meteora in bets over ZachXBT crypto takedown

US lawmaker moves to ban insider trading on prediction markets

As Cointelegraph reported, US Representative Ritchie Torres is preparing legislation called the Public Integrity in Financial Prediction Markets Act of 2026 to limit insider trading on prediction platforms. The proposal would bar elected officials, political appointees and executive-branch employees from trading contracts tied to government policy or political outcomes when they possess nonpublic information.