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Morning Edition · Friday, June 19, 2026Published at 6:30 AM EDT · New York
Leveraged Bitcoin Treasury Vehicles Show Their Financing Strain
A sharp decline in crypto-linked credit instruments, blamed on forced liquidations, exposes the leverage built into the model of buying Bitcoin with borrowed money.
The funding instruments behind Bitcoin treasury companies came under clear pressure this week. Strive chief executive Matt Cole attributed a sharp drop in the STRC and SATA instruments to forced selling by leveraged investors, with both fal…
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