Strategy’s $150 million-a-day STRC market has a hidden dependency on its own buybacks

Your call?🐂 Bullish🐻 Bearish

$1.45B

preferred-share buybacks

$BTC

$82,565

-0.6%

Strategy's $1.45 billion preferred-share buyback program is supporting a substantial share of trading in one of its key Bitcoin financing instruments. According to a Keyrock research report, Strategy's repurchases accounted for more than…