BlockBeats reported on July 28 that Fitch Ratings warned that the artificial intelligence boom and potential pullback risks are becoming major global credit risks, exacerbating concerns about soaring technology valuations and unprecedented spending ahead of time with uncertain future returns. No other major rating agency has made such a direct statement to date.

In its third-quarter global risk outlook, Fitch stated that credit conditions remain primarily influenced by two near-term risks: increasing vulnerability to adjustments in AI-related markets and ongoing uncertainty related to the US-Iran conflict. Fitch reiterated recent warnings from global regulators that the AI boom is increasingly intertwined with economic growth and capital markets, particularly increasing the risk of a large-scale sell-off in the US. Fitch stated, "The scale of AI investment is so large that the economy and capital markets as a whole are quite vulnerable to such adjustments."

According to BlockBeats, on July 28th, based on BIT (bit.com) market data, Strategy's perpetual preferred stock STRC was trading at $88.10 in pre-market trading, down 0.26%, compared to a 1.65% gain yesterday. Furthermore, Strategy has not increased its Bitcoin holdings for the fifth consecutive week.

Yesterday, Strategy founder Michael Saylor emphasized that Strategy will not issue new shares when the STRC price is below $100. The company has already repurchased 288,930 STRC preferred shares for approximately $25 million, at an average repurchase price of $86.52 per share. Strategy plans to continue as a "regular and disciplined buyer," repurchasing STRC shares when the price is below $100, increasing purchases as the price moves further away from $100, and reducing purchases as the price approaches $100. Currently, Strategy still has approximately $975 million available for preferred stock repurchases. The funds for the STRC repurchase will not use US dollar reserves but will be raised through methods such as the sale of MSTR stock and Bitcoin, depending on market conditions, with the goal of stabilizing the STRC price around $100.