Source: CryptoSlate ↗
Strategy sold $100M to defend STRC’s $100 stock price as DeFi packages the risk into a 7% ‘safer’ trade
What the source reports
Solstice announced a tranched product built on Strategy's Bitcoin-related STRC preferred stock, and said its senior tranche would not begin absorbing losses until STRC trades below $47.66. STRC currently trades near $95.315, putting that threshold roughly half of today's market price and about 52% below the security's $100 par value. Solstice COO David Plisek described […]The postStrategy sold $10...
Read the original report on CryptoSlate ↗Live market context
BTC Bitcoin
$63,674.29
-0.52% · 24h
9 supported listings
SLX Solstice
$0.0774
+0.70% · 24h
6 supported listings
DEFI Defi
$0.00012944
+3.10% · 24h
2 supported listings
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
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