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Crypto

Strategy common and preferred shares hit 52-week lows on bitcoin slump and securities probe

Strategy, led by Michael Saylor, saw its common stock and preferred shares fall sharply as bitcoin weakened and a securities investigation emerged. The stock hit a 52-week low and the dividend preferred STRC traded well below par, stoking concern over its fundraising model. Dividend obligations rose to about $1.2 billion a year as cash holdings fell. The firm holds about 847,363 BTC, with unrealised losses estimated at $10.6 billion.

Finance

KakaoBank issues sustainability report, says it created 1.38 trillion won in social value

KakaoBank issued its fifth sustainability report covering its 2025 sustainability performance and ESG priorities, it said on Thursday. For the first time, the report was released separately for general stakeholders and for investors. The bank said its social value created last year totalled 1.38 trillion won. Of that, 992.3 billion won came from social areas such as inclusive finance and consumer protection, 379.0 billion won from governance and others, and 6.1 billion won from environmental areas.

People

Toss Bank wins digital finance grand prize at Digital Finance Forum

Toss Bank won the Digital Finance Grand Prize in recognition of its achievements in advancing mobile-based financial experiences. It was cited for improving convenience and access in financial services and for stepping up safety measures, and was described as a digital finance innovation company. Toss Bank said it received the award at the seventh Digital Finance Forum held on June 25 in Busan. The forum is hosted by two Korean academic societies focused on information systems.