$BTC
-1.92%
$STRC
-0.15%
A dividend stock might be accelerating the race to 1M Bitcoin. Strategy currently holds ~738,700 $BTC while BlackRock’s iShares Bitcoin Trust holds ~775,100 BTC. Gap: ~36k BTC. The interesting part is $STRC, Strategy’s preferred stock. It offers ~11.5% annual yield, paid monthly. Strategy sells these shares and uses the proceeds to buy BTC. This week alone: • ~6M STRC shares sold • ≈ 3,500 BTC acquired At its current trading volume, STRC implies buying power of ~1,940 BTC/day. Bitcoin miners produce about 450 BTC/day. So one instrument could absorb ~4× daily supply. If yield products start buying multiples of new BTC issuance… who actually sets the price?
From X

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

12