Strive VP: Strategy holds $51.5 billion in BTC, STRC debt risk is controllable

Odaily Planet Daily News Strive Vice President Joe Burnett posted on X platform, stating that before the collapse of Luna/UST, the circulating UST was about $18.7 billion, only backed by about $3.1 billion in BTC, and UST could be redeemed instantly.

Now, Strategy holds about $51.5 billion in BTC, with about $10.5 billion in STRC outstanding, and STRC cannot be redeemed instantly. There are clear differences between the two.