The bitcoin-owning company’s capital structure is shifting toward permanent capital, reducing refinancing risk and damping credit volatility.
Strategy’s credit risk falls as preferred equity value surpasses convertible debt
The bitcoin-owning company's capital structure is shifting toward permanent capital, reducing refinancing risk and damping credit volatility.
Shares:
Crypto recovered on Tuesday morning even as Monday's relief rally unraveled across traditional markets, with oil jumping 4% on reports that Saudi Arabia and the UAE are moving to join
XRP's price rise is accompanied by record perpetual futures open interest and surge in trading volumes.
The rally was driven by consistent accumulation and large holder activity, with key breakouts at $0.194, $0.196, and $0.198.
Bitcoin has been trading sideways after reaching record highs above $110,000 last week.