MicroStrategy is shifting from a pure accumulation vehicle into a Bitcoin backed credit engine because its infinite equity printing loop is dead. With its premium over net asset value collapsing to 1.0, the old playbook of issuing overvalued shares to hoard spot no longer scales.
The market is panicking over recent sales because it is trapped in the old never sell era, completely missing the new capital structure. Standard Chartered notes that Saylor is transforming his BTC into a collateral base to back $10 billion in preferred credit products like STRC, which yields a massive 12%.
To make a credit product credible, you have to prove you will liquidate assets to defend it. It is a classic central bank bluff. Once the market realizes these minor sales are a structural backstop to stabilize the credit layer rather than a capitulation, the artificial selling pressure will lift.
https://t.co/9qIUjQNMjy
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Pick a match. Trade it.
Share $10M prize pool.
Simple as that. #BingXWorldStage ⤵The biggest football tournament is here ⚽
Pick a match. Trade it.
Share $10M prize pool.
Simple as that. #BingXWorldStage ⤵The biggest football tournament is here ⚽
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Share $10M prize pool.
Simple as that. #BingXWorldStage ⤵️
AI tokens. RWAs. Perp DEX growth. Tokenized equities.
The perpetual market looks very different from a year ago.
Together with @CoinGecko, we break down 5 major trends shaping the next phase of crypto trading �AI tokens. RWAs. Perp DEX growth. Tokenized equities.
The perpetual market looks very different from a year ago.
Together with @CoinGecko, we break down 5 major trends shaping the next phase of crypto trading �AI tokens. RWAs. Perp DEX growth. Tokenized equities.
The perpetual market looks very different from a year ago.
Together with @CoinGecko, we break down 5 major trends shaping the next phase of crypto trading �AI tokens. RWAs. Perp DEX growth. Tokenized equities.
The perpetual market looks very different from a year ago.
Together with @CoinGecko, we break down 5 major trends shaping the next phase of crypto trading �AI tokens. RWAs. Perp DEX growth. Tokenized equities.
The perpetual market looks very different from a year ago.
Together with @CoinGecko, we break down 5 major trends shaping the next phase of crypto trading 👇