Jeff Walton: Where the Next Trillion Dollars for Bitcoin Comes from, $SATS IPO Update
📺 Watch Video Bitcoin Magazine Jeff Walton: Where the Next Trillion Dollars for Bitcoin Comes from, $SATS IPO Update While CCC spreads blew out, Strive raised $700M for Bitcoin. CRO Jeff Walton explains what this signals for Bitcoin-backed preferred equity and rated capital. This post Jeff Walton
Source: Bitcoin Magazine
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DW NOTE
Strive raised $700 million for Bitcoin-backed preferred equity in the same week CCC credit spreads blew out. That tells you capital is migrating from corporate junk to structured Bitcoin exposure — not because Bitcoin is safer, but because the risk is at least quantifiable and doesn't depend on management guidance. When distressed debt looks worse than 18-month dividend reserves backed by spot holdings, the credit market is pricing in something uglier than a cycle.