The investment is the first known case of a digital asset treasury using another DAT’s preferred stock to back its own dividend obligations, said B. Riley Securities analyst Fedor Shabalin, who has a buy rating on Strive’s shares. “The entire DAT growth model depends critically on maintaining an equity premium to net asset value,” he said in a note. “If this premium collapses or flips to a discount, the virtuous cycle breaks down.”
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the people farming "built this in 30 min" engagement are selling a fantasy. shipping is the hard part 🍄