Strategy’s STRC stock, the company’s perennial favorite, ended Friday’s trading session at $100. The recovery provides the company with an opportunity to sell shares and fund additional Bitcoin purchases.
STRC ended May 8 at $99.99 and reached $100 in extended trading, with liquidity of more than $218 million. It took 10 trading sessions for the stock to recover its earnings decline, consistent with a typical recovery cycle.
The recovery comes with renewed concerns about it Quantum computing Deepening divisions across the crypto industry. As Cryptopolitan, head of global investment research at Coinbase, recently reported, david dong, He warned that advances in quantum computing could pose long-term risks to Bitcoin’s security and sustainability.
Michael Saylor suggests that they could sell their Bitcoin holdings
STRC It uses a dynamic dividend mechanism to protect its $100 face value. It raises yields when prices fall, thus stimulating demand. Earlier, Strategy CEO Michael Saylor shared that they could use Bitcoin sales to meet return obligations.
“We will probably sell some bitcoin to fund the dividend just to graft the market,” he said during the company’s first-quarter earnings Q&A session.
Vong Lu, chief strategy officer and CEO, also noted that the company will offload Bitcoin if it proves beneficial to shareholders. As a result, more traders this week bet on prediction platform Myriad that the strategy could sell its Bitcoin. Currently, over 82% of betting is on dump. Currently, the company’s total Bitcoin treasury currently stands at more than 818,000 coins, worth more than $65 billion.
On the other hand, some believe that the strategy is capable of this biography Bitcoin will be purchased early Monday, May 11. However, the data from STRC ATM tracker It shows that the company has only raised enough for just over 8 BTC.
However, the company could still cut its dividend rates to offset STRC’s overbuying. Since March, STRC’s offerings have brought in $1.5 billion. This represents about 33% of the stock’s total value of $5 billion. Cumulatively, 80% of STRC’s shares are held at retail compared to 40% for MSTR, according to Fong Lu.
Is Bitcoin safe in the post-quantum era?
Meanwhile, there remains industry panic over post-quantum security and migration. More than $3 trillion in digital value could be at risk of theft within four to seven years, according to a Project Eleven analysis.
However, BitGo CEOMike Belshe, has It was rejected Project Eleven’s research argues that the company is capitalizing on growing concerns about quantum computing and could try to grow those concerns.
Primarily, Project Eleven has focused its business model on developing infrastructure for the post-quantum era. According to her a reportElliptic curve digital signatures, which protect most digital assets, are at risk from quantum computing. It also claimed that the same public key cryptography used by Bitcoin, Ether, and most stablecoins could be compromised.
Additionally, she reported that using Shor’s algorithm, future quantum computers could extract a private key from a public key and forge signatures to drain wallets. The report said that current encryption standards could fall victim to quantum attacks as early as 2030, or by 2033 at the latest.
Even more troubling is the 5-10 year migration timeline in the report, which complicates the shift towards quantum-resistant blockchains.
For Bitcoin, the transition may be more difficult. The report indicated that previous promotions were delayed and led to community division most of the time. For example, the Bitcoin SegWit upgrade was delayed by two years and led to a major and highly contentious fork on the chain.
Furthermore, there are an estimated 1.7 million Bitcoins stuck in the tooth P2PK addresses Which has already revealed its public keys on the chain. Some are suspected to belong to Satoshi Nakamoto, while countless others are considered lost forever. Moreover, as I mentioned Earlier by Cryptopolitan, Google Quantum AI estimated that up to 6.9 million bitcoins could be at risk from quantum computing.
Currently, the Bitcoin community remains divided over the adoption of quantum-resistant signatures, with many discussions focusing on potential hard forks that could undermine trust in the network. Some proposals point to Lamport or BIP-361 signatures as migration options.
