NYDIG Breaks Down The Bitcoin Flywheel Behind Strategy’s STRC Surge
NYDIG says Strategy’s rapidly expanding STRC issuance has become a meaningful new source of incremental bitcoin demand, but argues the structure is being widely misunderstood. In a March 20 research note, the firm said the preferred-stock complex around Strategy and similar vehicles such as Strive’s SATA should be viewed less as traditional corporate credit and […]
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Quick Facts: ➡️ Strategy’s $STRC broke an ATH of $100.01 after 1M shares sold, fueling the company’s Bitcoin-centric investment strategy. ➡️ $STRC’s record print validates the $BTC flywheel. Capital is financing more Bitcoin buys, accelerating the cycle. ➡️ Bitcoin Hyper targets $BTC’s speed and programmability gaps with SVM contracts and a canonical bridge for fast, […]
Strive Asset Management Chief Strategy Officer Avik Roy said Michael Saylor has effectively “struck oil” with STRC, arguing that Strategy’s latest preferred equity structure has opened a powerful new funding channel for Bitcoin accumulation. Speaking with The Bitcoin Historian, Roy cast STRC not as just another capital raise, but as a product design breakthrough for […]
One latest news making rounds in the crypto space is the new partnership between the digital payment platform-Allied Payment Network, and the Bitcoin subsidiary of Stone Ridge, a $10 billion alternative asset manager called NYDIG. Related Reading | GBTC Unlocks Spells Doom For Bitcoin? Top Expert Breaks It Down The latest developments come with the […]
New York Digital Investments Group (NYDIG) raised $150 million for two new funds to invest in cryptocurrencies, a move that underscores the one-stop crypto shop’s skyrocketing clout on the institutional bitcoin scene. As revealed in two U.S. Securities and Exchange Commission filings, NYDIG Digital Assets Fund I raised $50 million from institutional investors while NYDIG […]
NYDIG, a subsidiary of Stone Ridge Asset Management, has filed for regulatory approval from the SEC to offer a bitcoin exchange-traded fund. The post NYDIG Files For Bitcoin ETF Approval appeared first on Bitcoin Magazine.