Bitcoin-Backed Credit Market Sees Surge in Trading Volume

Michael Saylor, founder and executive chairman of Strategy (formerly MicroStrategy), highlighted a significant increase in trading volume for the Bitcoin-backed credit market since mid-September, according to PANews. Data reveals that between November 17th and 21st, the total volume reached nearly $20 million, marking a 50.8% jump from the previous week. $STRC (Strike) was the primary contributor, accounting for over $10.51 million, followed by $STRD, $STRF, and $STRK. While Strategy typically releases Bitcoin acquisition data on Mondays, their website remains silent regarding any recent purchases. This suggests that there may have been no Bitcoin acquisitions last week.