Strategy MSTR's convertible bonds have been reduced from $8.2 billion to $6.7 billion, and Coinbase has become one of the three major cryptocurrency concept stocks ahead of this week's FOMC

According to BBX data, ahead of the FOMC meeting yesterday and under the dual catalyst of the US-Iran agreement, the sentiment for cryptocurrency concept stocks has significantly warmed up. The core dynamics are as follows:

• Strategy, Inc. (NASDAQ: $MSTR) rose 3.18% to $123.97 on June 15, marking one of several days of recovery; Bitcoin rose to about $64,000 during the same period, but there remains about a 15% discount compared to the company's average price of $75,680 for 843,738 BTC. The company's most important balance sheet action recently came from the SEC 8-K on May 25: repurchasing $1.5 billion in face value convertible bonds maturing in 2029 for about $1.38 billion in cash (completed at about an 8% discount to face value), reducing the convertible bond stock from $8.2 billion to $6.7 billion, generating a BTC Yield of 0.7% and a BTC Gain of about 4,391 BTC; as of May 25, USD reserves were $871 million, and the company stated it would "supplement reserves over time based on market conditions"; since the beginning of 2026, the cumulative BTC Yield is 13.3%. Phong Le (CEO): This transaction "reflects the discipline of using comprehensive capital management tools in debt management"; Saylor previously stated that Strategy still had assets covering all debts when BTC fell to $8,000, implying resilience in extreme scenarios.

• Coinbase Global, Inc. (NASDAQ: $COIN) was listed by CoinGape in a June 15 research report as one of the "three cryptocurrency concept stocks to watch" ahead of this week's FOMC (the other two being $MSTR and $BMNR); currently, BTC is about $64,000 and ETH is about $1,660, with the market pricing a 97.4% probability of no interest rate hike at the FOMC on June 17 (2.6% for a rate cut, 0% for a rate hike); the significant US-Iran agreement (over the weekend of June 14-15) has driven a comprehensive rebound in risk assets, with a sharp drop in oil prices easing inflationary pressures, providing additional support for the recovery of sentiment in the cryptocurrency market—if the FOMC dot plot does not show unexpectedly hawkish signals, Coinbase's prediction market and institutional custody business are expected to benefit from the dual improvement in trading volume and asset scale brought about by the recovery of BTC trends.