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Michael Saylor: Trading Volume of Bitcoin-Backed Credit Market Surges
Michael Saylor, founder and executive chairman of Strategy (formerly MicroStrategy), shared a chart indicating a notable increase in the trading volume of the Bitcoin-backed credit market since mid-September. As of the week from November 17 to 21, the total volume reached nearly $20 million, marking a 50.8% increase from the previous week. The primary contributor was $STRC (Strike), accounting for over $10.51 million, followed by $STRD, $STRF, and $STRK.
Typically, Strategy discloses Bitcoin acquisition data on Mondays. However, as of now, the company's website has not released any related information, suggesting that there might not have been any Bitcoin purchases last week.
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