More info on "Strategy", the company, which is supposedly the world's largest public Bitcoin holder.[1] "According to its most recent X post, the firm has raised $11.9 billion through common equity, $6.9 billion in preferred equity, and $2 billion in convertible debt."
The equity part includes listed stocks: STRF, STRC, STRE, STRK, and STRD. Those are on the NASDAQ, not crypto exchanges. Here's a long discussion of Strategy's strategy.[2]
They're leveraged, but the financing for the leverage is not from crypto markets, and has more strength behind it. The whole thing will come unglued if there's a prolonged drop in the price of Bitcoin, but they can ride through medium-length down periods.
Strategy's various stocks have dropped more than the price of Bitcoin.
The equity part includes listed stocks: STRF, STRC, STRE, STRK, and STRD. Those are on the NASDAQ, not crypto exchanges. Here's a long discussion of Strategy's strategy.[2] They're leveraged, but the financing for the leverage is not from crypto markets, and has more strength behind it. The whole thing will come unglued if there's a prolonged drop in the price of Bitcoin, but they can ride through medium-length down periods. Strategy's various stocks have dropped more than the price of Bitcoin.
[1] https://cryptonews.com/news/strategy-reports-21b-raised-in-2...
[2] https://www.vaneck.com/us/en/blogs/digital-assets/matthew-si...