Strategy Launches Bitcoin-Native Credit Model, Assesses $52 Billion BTC Reserve Risk

BTC1.18%
According to BlockBeats, Strategy launched a Bitcoin-native credit model on July 9 to assess credit risk and spreads for debt and preferred shares backed by $52 billion in BTC reserves. The model uses custom metrics including BTC rating (Bitcoin coverage ratio), BTC risk (default probability), and BTC credit (spread in basis points), treating Strategy's Bitcoin holdings as collateral with Bitcoin price, volatility, and annual recurring revenue as primary variables.
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