Strive Vice President: Strategy holds $51.5 billion in BTC, STRC debt risk is controllable
According to Odaily, Strive Vice President Joe Burnett stated on platform X that before the Luna/UST collapse, UST had a circulating supply of approximately 18.7 billion USD, backed by only about 3.1 billion USD in BTC, and UST could be redeemed instantly.
Now, Strategy holds about 51.5 billion USD in BTC, with an outstanding STRC amount of roughly 10.5 billion USD, and STRC cannot be redeemed instantly. There are significant differences between the two cases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Could XRP Actually Flip Bitcoin? Former Ripple CTO Says Yes – But the Math Is Brutal
NSJ Gold closes over-subscribed private placement, raising $1.78 million at $0.3 per share
Xenia Hôtellerie Solution calls extraordinary shareholders’ meeting
Xenia Hôtellerie Solution shareholders vote on EUR 4 million capital increase mandate
Crypto prices
More
