How Strategy’s STRC could propel the Michael Saylor’s firm Bitcoin holdings past BlackRock’s IBIT this week
CryptoSlate
Strategy may soon surpass BlackRock’s IBIT in Bitcoin holdings, fueled by capital raised through its STRC preferred stock offerings.Summary
Michael Saylor’s company, Strategy, is signaling potential new Bitcoin acquisitions following cryptic social media posts and high trading volumes in its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). By utilizing capital raised through STRC, Strategy aims to accelerate its accumulation strategy. Market observers estimate that if upcoming purchases exceed 20,000 BTC, Strategy could overtake BlackRock’s iShares Bitcoin Trust (IBIT) as the world's second-largest holder of Bitcoin, marking a significant milestone in corporate treasury management.
(Source：CryptoSlate)