What to Know: Strategy’s new ‘Bitcoin Rating’ shows its $BTC stack covers convertible debt by about 5. 9x at its average entry and would stay near 2x even in a deep crash, underlining how levered it is to long-term $BTC upside. Despite that cushion, institutions are bailing on the stock and moving into spot Bitcoin ETFs instead, leaving Strategy out of the S&P 500 and trading below the value of its own $BTC holdings. Bitcoin Hyper’s presale is building an SVM-based Bitcoin Layer 2 with near-instant, low-fee smart contracts and DeFi that settles back to Bitcoin, giving $BTC holders a scaling and yield angle instead of just spot exposure
source: https://www.newsbtc.com/news/next-crypto-to-explode-strategy-proves-bitcoin-reserve-covers-debts/