Starknet's (STRK) token value has seen a myriad of fluctuations, drawing increased market attention. The recent
Nasdaq listing of
STRK Convertible Preferred Stock hints at institutional acceptance. The cryptocurrency made headlines with announcements around
raising funds for Bitcoin through new perpetual preferred stock, eyeing recovery with improving indicators.
MicroStrategy plans to raise up to $21 billion via STRK perpetual preferred stock to buy Bitcoin, reflecting a strong strategic focus on augmenting Bitcoin reserves. It further plans to consolidate its Bitcoin holdings with $21 billion in new perpetual offerings. Notably, MicroStrategy’s
STRK quickly became a top-performing perpetual security.
Starknet recently launched its v2.0 on Mainnet to enable seamless multi-chain bridging and announced phase 1 staking on Ethereum layer 2. However, the market reacted to criticism of
token issuance and airdropping by recording significant drops in STRK's value. BlackRock's increased ownership along with signs of strong demand for MicroStrategy's preferred stock shows institutional endorsement of STRK. Still, market volatility remains with STRK touching all-time lows, despite StarkNet's efforts to adjust token unlock schedules and introduce staking systems.
Starkware's undertaking to resolve the STRK airdrop issue for Immutable X and ETH stakers and MicroStrategy's strategic shift towards Bitcoin-involved projects underline the moving parts behind STRK's performance.
STRK Coin News Analytics from Fri, 21 Jul 2017 09:17:29 GMT to Mon, 21 Apr 2025 07:00:00 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -4
