MSTR’s STRC buys an estimated 7,000 BTC this week, but Two Prime CEO warns ‘no free lunch’
Around 7,000 bitcoin are estimated to have been purchased this week through Strategy’s (MSTR) perpetual preferred stock Stretch (STRC), underscoring how quickly the high yield instrument has become a key engine behind the company’s bitcoin accumulation. But the structure carries risks, according to Alexander Blume, chief executive officer of Two Prime, an SEC registered investment…