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via finance.yahoo.comMarkets

Fidelity says preferred stock sales funded nearly 136K bitcoin purchases

FROM THE WIRE · FINANCE.YAHOO.COM

Scott Melker takes a closer look at bitcoin's (BTC-USD) "newest demand catalyst." Watch the video above to learn more. Video Transcript 00:00 Speaker A Fidelity just measured how an existing financing channel funded Bitcoin purchases. This dropped during the show yesterday…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA financing channel based on perpetual preferred stock is cited as a new source of demand for bitcoin.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Fidelity measured how perpetual preferred stock sales funded bitcoin purchases.
  2. 02The commentator calls perpetual preferred stock the newest demand catalyst for bitcoin.
  3. 03The instruments cited are STRC and SADA, products from Strive.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Strive, Inc.ASSTStock30.86 USDMarket closedtoday +14.04%Positive BitcoinBTCUSDCrypto84,542.01 USD+0.24%today +1.93%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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