The most important metric right now for Bitcoin is this.
At $97, Saylor can borrow at 9.3% effective yield.
MSTR is basically saying "“Let’s build a yield-bearing asset that feels like a stablecoin with Bitcoin backing, but that trades on the market like a bond or preferred stock — and we’ll adjust the dividend monthly to anchor its price.”
I expect Strategy could sell as much as 50 Billion of this over the next 5 months. Compare that with the 46 Billion that they have ever spent on Bitcoin. With ETFs and 21 we could get to 100 Billion new money by end of year.
That should move us to 250K.
177.36K
2.23K
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