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STRC up 32% from lows as $106 million buyback follows bitcoin sales, James Van Straten notes

STRC up 32% from lows as $106 million buyback follows bitcoin sales, James Van Straten notes
STRC up 32% as bitcoin sold

James Van Straten reports that STRC has risen 32% from its recent lows and is showing momentum against bitcoin.

According to Van Straten, $321 million worth of bitcoin has been sold since the end of June, while $106 million in STRC has been bought back. He adds that a move to $95 for STRC now appears likely with these continued buybacks.

Van Straten has previously commented on fixed income markets, noting that Amazon's recent $25 billion bond sale saw investor demand at just 1.6 times the offering. He has also criticized bitcoin maximalists and cold storage practices, pointing to eroded credibility after recent developments. These observations provide further context to his recent focus on STRC and bitcoin trading activity.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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