Crypto

Strategy nears STRC issuance cap, will bitcoin buying slow

Strategy’s key funding source for bitcoin purchases, its STRC preferred stock, is nearing an issuance cap of about $28.3 billion, raising the possibility that bitcoin buying could slow or stop within a year, an analysis said. Delphi Digital said the cap could become a major constraint. It said dividend obligations would remain even if issuance hits the limit. The analysis highlighted mNAV and stock issuance conditions as key variables for future fundraising and bitcoin accumulation.

Finance

South Korea stock market capitalisation ranks sixth worldwide, overtakes Taiwan

South Korea’s stock market rose to sixth in the world by market capitalisation as a sharp rally continued. Bloomberg data showed the KOSPI at about $4.22 trillion and the KOSDAQ at about $448.3 billion, taking the combined value to about $4.66 trillion. Taiwan’s TAIEX stood at about $4.33 trillion. South Korea’s combined market value is up 78 percent this year, outpacing Taiwan’s rise.