Elixir Studios was a British video game developer founded by Demis Hassabis in 1998 that created innovative strategy games like Republic: The Revolution and Evil Genius before closing in 2005 due to industry risk-aversion and a major project cancellation. The company's intellectual properties were later acquired by Rebellion Developments, and Hassabis went on to co-found DeepMind Technologies.
Strategy maintains STRC near $100 through dividend mechanics, buyback programs, and separate cash reserves, allowing the preferred stock to offer stable returns while MSTR common stock absorbs Bitcoin's volatility. MSTR has declined 9% to $154, demonstrating the intended separation between the two share classes.
Michael Saylor announced that Strategy's preferred stock product STRC will maintain its 12% dividend rate in October 2026. STRC is a dollar-denominated preferred stock whose dividend rate adjusts based on company settings, ensuring continued 12% annualized returns for holders.
The Bitcoin Policy Institute released a report questioning MSCI's proposed index rule changes that could exclude Bitcoin treasury companies, citing concerns about transparency and potential bias against digital asset firms. MSCI manages $21 trillion in benchmark assets, and the new "non-operating company" classification could trigger significant capital reallocation if implemented.
Bitcoin Policy Institute released research alleging MSCI attempted to exclude companies holding Bitcoin treasuries from major stock indexes through ESG criteria, discovering internal project files labeled 'DATCOs' embedded in supposedly neutral methodology proposals. MSCI had previously warned about cryptocurrency exposure as an ESG concern in 2021, with CEO Henry Fernandez publicly championing strict ESG investing standards.