Funding
Fidelity Sees Bitcoin Potential in $150 Trillion Bond Market
Fidelity Digital Assets suggests that bitcoin-focused preferred stocks could attract more income-seeking capital into cryptocurrency purchases, potentially reshaping bitcoin's supply-demand dynamics. The analysis, published by Fidelity Digital Assets, estimates the bitcoin-focused preferred-stock segment at approximately $12 billion, with Strive Inc. (Nasdaq: ASST) providing an example of a recent financing offering. The SATS Preferred Stock offering generated $630 million in gross proceeds and can support bitcoin purchases, income-producing assets, working capital, and share repurchases.