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marketstress
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📉 Preferred Bitcoin shares fall below par after a strong injection of 7,300 BTC 🪙🔴
Bitcoin treasury preferred shares faced their first major stress test in June, coinciding with a net addition of approximately 7,300 BTC by public treasuries.
According to NS3.Ai data, this supply increase caused two key issues, STRC and SATA, to fall below their $100 par value starting June 18.
The STRC issue took the biggest hit, reaching a low near $75, though by July 2 it had partially recovered, trading around $87, while SATA was around $97.
$BTC
$STRC
$ETH
#Write2Earn #Bitcoin #CryptoTreasuries #STRC #MarketStress
Bitcoin treasury preferred shares faced their first major stress test in June, coinciding with a net addition of approximately 7,300 BTC by public treasuries.
According to NS3.Ai data, this supply increase caused two key issues, STRC and SATA, to fall below their $100 par value starting June 18.
The STRC issue took the biggest hit, reaching a low near $75, though by July 2 it had partially recovered, trading around $87, while SATA was around $97.
$BTC
$STRC
$ETH
#Write2Earn #Bitcoin #CryptoTreasuries #STRC #MarketStress
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