Saylor Backs Rival Strive, Says Competition Cuts Borrowing Costs
- —Strategy holds 847,666 BTC; Strive ranks fifth among public holders with 27,462 BTC
- —Strive bought $50 million of Strategy's STRC shares in March
- —Strive funded 85% of its latest purchase by selling SATA, CEO Matt Cole said
- —Only 4 of the top 20 crypto treasury stocks trade above the value of the coins they hold
Why it matters: More bitcoin-credit issuers could boost demand for BTC, but weak players risk damaging trust across the treasury sector.
Source: BeInCrypto