STRC Securities Marketed as 'Junk Credit in Bitcoin Costume' Hold $8.8 Billion in Retail Investment

A report highlights that STRC securities, described as 'junk credit in a Bitcoin costume,' currently hold $8.8 billion in retail investment, with a total of $15 billion across three such securities marketed to Bitcoin holders.

19 Jun, 22:30 — 19 Jun, 22:30

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zerohedgeLow1h ago

STRC Is Junk Credit In A Bitcoin Costume, And Retail Is Holding $8.8 Billion Of It

STRC Is Junk Credit In A Bitcoin Costume, And Retail Is Holding $8.8 Billion Of It Authored by Glenn Cameron via BitcoinMagazine.com, 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 pit...

By Tyler Durden

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STRC Securities Marketed as 'Junk Credit in Bitcoin Costume' Hold $8.8 Billion in Retail Investment

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STRC Is Junk Credit In A Bitcoin Costume, And Retail Is Holding $8.8 Billion Of It

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