Why Bitwise’s Matt Hougan Thinks Strategy’s Bitcoin Era Is Fading
Strategy's importance to Bitcoin is likely to diminish next cycle as institutional investors emerge as the market's dominant buyers.
The Defiant·
Phong Le acquired the Series A Perpetual Stretch Preferred Stock at a weighted average price of $90.796 per share on June 22, an SEC filing shows, after weeks of pressure on the security.
Read full articleStrategy's importance to Bitcoin is likely to diminish next cycle as institutional investors emerge as the market's dominant buyers.
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Bitwise CIO Matt Hougan has said Bitcoin may be moving closer to a market bottom as Strategy’s STRC stress drains excess leverage from the market. Bitwise Chief Investment Officer Matt Hougan wrote in his latest weekly memo that the recent…
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