140T fixed income market has officially discovered BTC via MSTR preferred.
Doesn't matter if you like it or not. It's happening.
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I haven’t heard much about STRD’s IPO what does this mean
The fixed income market is huge (think pension funds that have to have quarterly income to pay their members). They had no access to Bitcoin. STRD is a preferred stock offered by Strategy that pays $10/share per year or $2.50 per quarter. This is a much higher coupon payment than is avail anywhere else in the market. As FI discovers this product they will pour $$$ into it and Strategy uses that to buy Bitcoin.
Great explanation thanks!