Strategy sold $100M to defend STRC’s $100 stock price as DeFi packages the risk into a 7% ‘safer’ trade

Solstice announced a tranched product built on Strategy's Bitcoin-related STRC preferred stock, and said its senior tranche would not begin absorbing losses until STRC trades below $47. 66. STRC currently trades near $95.

Source: [CryptoSlate](https://cryptoslate.com/strategy-sold-100m-to-defend-strcs-100-stock-price-as-defi-packages-the-risk-into-a-7-safer-trade/)