Bitcoin’s ‘digital credit’ yield trade breaks below par as margin calls hit $10 billion market

Bitcoin’s emerging digital-credit trade broke below its promise of calm this week. This week, Strategy’s STRC preferred shares fell as low as $82.50 before rebounding, while Strive’s SATA slid from around par into the low $90s and also recovered. Both products had been sold into the market as income instruments built around Bitcoin treasury companies, The post Bitcoin’s ‘digital credit’ yield trade breaks below par as margin calls hit $10 billion market appeared first on CryptoSlate.