Bitcoin’s ‘digital credit’ yield trade breaks below par as margin calls hit $10 billion market
Bitcoin’s emerging digital-credit trade broke below its promise of calm this week. This week, Strategy’s STRC preferred shares fell as low as $82.50 before rebounding, while Strive’s SATA slid from around par into the low $90s and also recovered. Both products had been sold into the market as income instruments built around Bitcoin treasury companies,...
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
