A relatively steady day for $SWC trading today but it was immediately after UK close that BTC spiked from $64.8k up through $65k . Time will tell whether $65k is flipped into support but whichever metric you look at momentum is continuing to build. Strategy extended their USD reserve from 20.4 to 22 months of dividend coverage with a $225m top up. 1.6 months of dividend coverage raised in a week. Over 6 weeks raised in one week during these bear market conditions. Many do not appreciate just how strong Strategy’s position is. With today’s announcement of $SWC’s £207k raise via the ATM, following last week’s High Court approval of the capital reduction it’s clear the UK’s first and leading Bitcoin Treasury Company is gearing up for the launch of the UK’s first perpetual preferred digital credit product. @asjwebley and @Croesus_BTC are due to stream on Wednesday afternoon so be sure to tune in for the latest then. Who knows what the next days and weeks will bring, but the next quarters and years look as bullish as ever! Onwards! 🚀
Matthew KerridgeShare
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