Strategy sold $100M to defend STRC’s $100 stock price as DeFi packages the risk into a 7% ‘safer’ trade
Solstice introduced a tranched product constructed on Strategy’s Bitcoin-related STRC most popular stock, and stated its senior tranche wouldn’t start absorbing losses till STRC trades beneath $47.66. STRC at present trades close to $95.315, placing that threshold roughly half of at present’s market price and about 52% beneath the safety’s $100 par worth. Solstice COO…
