Are Bitcoin treasury companies moving beyond simply holding BTC? Stacks co-founder Muneeb Ali says major BTC holders like Bullish are now earning yield through Stacks' 1,000 BTC…
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Are Bitcoin treasury companies moving beyond simply holding BTC? Stacks co-founder Muneeb Ali says major BTC holders like Bullish are now earning yield through Stacks' 1,000 BTC "Bitcoin bond" "We'r…
Are Bitcoin treasury companies moving beyond simply holding BTC? Stacks co-founder Muneeb Ali says major BTC holders like Bullish are now earning yield through Stacks' 1,000 BTC "Bitcoin bond" "We're calling them Bitcoin bonds. Every month, new capacity comes online, because we can't take that much Bitcoin. The limiting factor actually becomes that these parties have to have some STX position. STX works as an access asset." "Imagine if everyone wants to go to the US Open. Well, you can't, because there are tickets and there's limited seats. Maybe the ticket prices will start going up if there's a lot of demand. So that's the role that STX is playing in this product." "We release capacity every month. We've done two of them before, and right now the third bond is our largest bond. We're super excited to announce that Bullish came in, along with some other institutions, to participate in a 1,000 BTC bond." "It's a public company. They're a large Bitcoin holder, and we're really excited that a large entity like Bullish is actually deploying capital into Stacks." "They would be earning Bitcoin yield directly for their balance sheet."
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