Strategy’s New STRC Stock Bets They Can Pay You 9% Without Ever Selling Their Bitcoin
- Strategy (formerly MicroStrategy) now holds 607,770 BTC, just shy of the 620K mark.
- Polymarket gives a 58% chance of hitting 620K BTC by August, up 21% in one day.
- The firm’s $2B “Stretch” Preferred Stock offers a 9% yield, backed indirectly by BTC.
The odds are climbing that Strategy (formerly MicroStrategy) will hit the 620,000 BTC milestone in its holdings before August. According to the prediction market Polymarket, the probability has surged to 58%, a 21% jump in the last 24 hours alone.
The firm currently holds 607,770 BTC, acquired at an average price of $71,756. This puts Strategy within striking distance of the target as Bitcoin itself trades near $119,000, just shy of its all-time high of $123,000.
Institutions vs. Short-Term Traders
This buying momentum comes amid a broader institutional scramble to accumulate Bitcoin and Ethereum, even as short-term on-chain traders, those holding BTC for 1 to 3 months, see just 13% in unrealized profits.
While this group has historically taken profits when their gains exceeded 150% at previous cycle tops, their current muted profit levels suggest there is far less immediate s…
The post Strategy’s New STRC Stock Bets They Can Pay You 9% Without Ever Selling Their Bitcoin appeared first on Coin Edition.
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Strategy’s New STRC Stock Bets They Can Pay You 9% Without Ever Selling Their Bitcoin
- Strategy (formerly MicroStrategy) now holds 607,770 BTC, just shy of the 620K mark.
- Polymarket gives a 58% chance of hitting 620K BTC by August, up 21% in one day.
- The firm’s $2B “Stretch” Preferred Stock offers a 9% yield, backed indirectly by BTC.
The odds are climbing that Strategy (formerly MicroStrategy) will hit the 620,000 BTC milestone in its holdings before August. According to the prediction market Polymarket, the probability has surged to 58%, a 21% jump in the last 24 hours alone.
The firm currently holds 607,770 BTC, acquired at an average price of $71,756. This puts Strategy within striking distance of the target as Bitcoin itself trades near $119,000, just shy of its all-time high of $123,000.
Institutions vs. Short-Term Traders
This buying momentum comes amid a broader institutional scramble to accumulate Bitcoin and Ethereum, even as short-term on-chain traders, those holding BTC for 1 to 3 months, see just 13% in unrealized profits.
While this group has historically taken profits when their gains exceeded 150% at previous cycle tops, their current muted profit levels suggest there is far less immediate s…
The post Strategy’s New STRC Stock Bets They Can Pay You 9% Without Ever Selling Their Bitcoin appeared first on Coin Edition.
Read More