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The two treasuries fund their accumulation in very different ways, and a filing shows Strive holding a stake in Strategy's own preferred stock, so the two are not just parallel bets on bitcoin. They hold each other's paper.
CEO Gracy Chen frames crypto exchanges as a distribution channel for traditional asset managers seeking exposure to a region already crypto-native.
The deal puts a bank-issued stablecoin on a major exchange while giving that exchange's institutional clients access to round-the-clock dollar settlement.
Zcash's rally to the edge of $1,000 adds a second storyline to a broad-based risk-on move across digital assets and the equities tied to them.