Whale: A strategy that amplifies Bitcoin's high volatility by 2.5x to pass it on to the US stock market, allowing professional institutions to arbitrage it
BlockBeats News, March 17th. According to Fish Zhang, co-founder and CEO of Cobo, through a clever design, MicroStrategy (MSTR) has amplified Bitcoin's high volatility by 2.5 times and transmitted it to the US stock market. Professional institutions have taken advantage of this high volatility for arbitrage to gain short-term profits;
MSTR has obtained cash for large-scale Bitcoin accumulation through the issuance of convertible bonds and ATM issuance; ordinary shareholders bear the brunt of severe stock price fluctuations and short-term downside risks but passively receive "Bitcoin gains" in terms of increased Bitcoin per share; Bitcoin holders benefit from ongoing market inflows and rising Bitcoin prices.
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