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
US President Donald Trump says was ready to strike Houthis in Yemen, then pulled back
ZAMA gains traction as 24h trading volume surges
Global economy risks fragmentation! Australia bets on AI as a new growth engine
In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.
Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap
According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.
Crypto prices
More
