Fidelity Highlights Perpetual Preferred Stock as Bitcoin Catalyst
Fidelity measures how perpetual preferred stock financing products like STRC and SATA have funded 135,979 Bitcoin purchases.
Fidelity has identified perpetual preferred stock as a new demand catalyst for Bitcoin ($BTC), according to Moomoo. Financial products including STRC and SATA have successfully funded the acquisition of 135,979 Bitcoin according to the firm's recent measurements.
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The evaluation by Fidelity details how existing financing channels are directly utilized to fund cryptocurrency purchases in the broader market.
Key facts
- Fidelity measured how perpetual preferred stock funded Bitcoin purchases.
- Products involved in the funding include STRC and SATA.
- A total of 135,979 Bitcoin have been funded through these products.
Source: news.google.com
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