Bitcoin’s ‘digital credit’ yield trade breaks below par as margin calls hit $10 billion market
This week, Strategy’s STRC preferred shares fell as low as $82
Market Pulse
JPMorgan Says 20% of Miners Operating at a Loss as Bitcoin Trades Below Production Cost
Public miners have responded by selling more than 32,000 BTC in the first quarter to fund operations
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Michael Saylor Defends Bitcoin Strategy as BTC and USD Reserves Exceed Debt
This comes amid criticism of the company’s approach to buying more BTC using MSTR and the preferred security STRC, despite current market conditions
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