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⛓️ Crypto🟢 BullishImportance 7/10
Strategy’s STRC Raises $1.18B in One Week, Buying Seven Times Bitcoin’s Weekly Mined Supply
🤖AI Summary
Strategy's STRC product raised $1.18B in one week by purchasing 22,337 BTC, which is seven times Bitcoin's weekly mined supply of 3,150 coins. The fund recorded exceptional trading volume of $2.2B weekly with a single day reaching $740M, while offering an 11.5% dividend backed by $2B cash and $55B in Bitcoin.
Key Takeaways
- →STRC purchased 22,337 BTC last week, representing seven times the weekly Bitcoin mining supply of 3,150 coins
- →The fund raised $1.18B in capital within a single week period
- →Trading volume reached $2.2B for the week with a peak single day of $740M
- →STRC offers an 11.5% dividend yield backed by over $2B in cash and $55B in Bitcoin holdings
- →The trading volumes are considered exceptional for any fixed income product
#bitcoin#strc#strategy#institutional-investment#btc-accumulation#dividend-yield#trading-volume#bitcoin-mining#fixed-income
Read Original →via Blockonomi
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