Bitcoin is approaching the $80,000 threshold for the first time since May, and the macroeconomic drivers behind this price action are coming into clearer focus. The U.S. Treasury recently announced expanded buybacks of long-dated bonds, a move that compresses yields and reignites the debasement trade across fixed-supply assets.
Yet, the most interesting development in the digital asset space is not just the spot price movement. Strategy Inc. (NASDAQ: MSTR) recently generated approximately $1.59 billion in fresh liquidity through an at-the-market equity offering.