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Bitwise says STRC selloff signals crypto cycle nearing a bottom, not Strategy’s breaking point
Key takeaways
- Bitcoin’s recent pullback below $60,000 coincided with STRC breaking from its intended $100 par value, as investors questioned Strategy’s willingness to maintain preferred dividend payments.
- While the selloff rattled markets, Bitwise argued Strategy remains fundamentally well-capitalized, with roughly $52 billion in liquid assets against about $7 billion of debt.
- "The volatility in STRC is a natural and important part of the crypto cycle.
Bitcoin’s recent pullback below $60,000 coincided with STRC breaking from its intended $100 par value, as investors questioned Strategy’s willingness to maintain preferred dividend payments.
While the selloff rattled markets, Bitwise argued Strategy remains fundamentally well-capitalized, with roughly $52 billion in liquid assets against about $7 billion of debt.
"The volatility in STRC is a natural and important part of the crypto cycle. I think we’re nearing the bottom," Bitwise CIO Matt Hougan said in a Wednesday blog post.
Article preview — originally published by CoinDesk. Full story at the source.
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