Bitcoin MagazineSTRC Is Junk Credit in a Bitcoin Costume, and Retail Is Holding $8.8 Billion of It
There is now $15 billion sitting in three securities being marketed to bitcoin holders as the safer, smarter way to access bitcoin exposure: Strategy’s preferred stack, STRC, and SATA. The pitch is identical across all three. Tax-favored. 11.5% income. Backed by bitcoin. Money-market risk. 82.7% of the buyer base is retail. Every word of that
This post STRC Is Junk Credit in a Bitcoin Costume, and Retail Is Holding $8.8 Billion of It first appeared on Bitcoin Magazine and is written by Glenn Cameron.