Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
I’ve noticed that many people are worried about Strategy’s statement that it will sell Bitcoin when xNAV < 1, fearing it could trigger a negative spiral.
But in my view, selling Bitcoin to prop up the stock price when xNAV < 1 is both inevitable and necessary. As the leader in DAT, Strategy must make it clear to everyone that its stock price is backed by the value of Bitcoin. This is essential for fulfilling its narrative: “when it drops, it trades at a 10% discount to Bitcoin, but when it rises, it trades at a 2x premium.”
Some garbage DATs have stock prices that are less than 80% of their held coin value. Would you dare to buy DAT stocks managed like that?