"Nearly every one of those coins was bought by Michael Saylor's Strategy. Everyone else, collectively, is in retreat, according to bitcointreasuries.net March report shared with Bitcoin Magazine."
"STRC targets a price near $100 and currently yields approximately 11.5% annually, reset monthly. It sits above common shareholders in Strategy's capital structure, offering more predictable returns than MSTR stock."
"March was a watershed moment for the instrument. STRC recorded its highest-ever single-day trading volume on March 12 - $746 million - followed by its second-highest on March 31, at $522 million."
In March, public and private companies collectively acquired 47,435 BTC, valued at approximately $3.2 billion. However, the majority of these purchases were made by Michael Saylor's Strategy, which bought 44,377 BTC. This company now holds two-thirds of all Bitcoin owned by public companies, with a total of around 762,000 BTC. The STRC preferred share product has enabled Strategy to continue its aggressive accumulation of Bitcoin, achieving record trading volumes and financing significant purchases despite market conditions.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]