What’s to stop hedge funds from shorting STRC in the short term to drive JR-strcUSX to 0? It wouldn’t require much to cause a leverage cascade on STRC similar to what we saw last month. To mitigate this, Strategy would need to increase their buyback authorization on the prefs
Digital Assets form a monetary spectrum:
$BTC = Digital Capital
$STRC = Digital Credit
SR-strcUSX = Digital Money
$USDT = Digital Currency
From left to right, volatility and return potential fall while stability and transactional utility rise.