Key Takeaways:
- Bitwise CIO, Matt Hougan, argues Strategy has been a main driver of a 20% Bitcoin rebound, going by its purchase of $7.2 billion of Bitcoin
- Strategic convenience is covering the purchases with the help of STRC, a preferred equity instrument with high yields that may cover billions of extra BTC
- Hougan believes Strategy can still issue another $10 billion or $15 billion without having to worry about being over-leveraged
The current run of Bitcoin might be getting corporate capital engineering rather than just spot demand. Bitwise Chief Investment Officer Matt Hougan says that the application of STRC financing by Strategy is currently a significant contributor to the recent Bitcoin strength and the purchases might not soon come to an end.
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