Strategy-fueled bitcoin rally could last ‘for some time to come,’ Bitwise CIO says
The Block
Bitwise CIO Matt Hougan suggests Bitcoin's rally may persist as Strategy continues using bond-like stock offerings to fund significant Bitcoin acquisitions.Summary
Bitwise Chief Investment Officer Matt Hougan predicts that Bitcoin's current rally could continue, driven primarily by Strategy's aggressive acquisition strategy. By issuing STRC, a perpetual preferred stock offering a bond-like yield, Strategy has successfully raised billions to purchase Bitcoin. Hougan notes that as long as Bitcoin's price continues to appreciate, the company can sustainably manage its dividend obligations and potentially raise further capital, creating a positive cycle that supports higher market prices.
(Source：The Block)