[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Jeff Walton [@PunterJeff](/creator/twitter/PunterJeff) on x 53.2K followers Created: 2025-07-09 05:35:41 UTC If you're still trying to wrap your head around $STRK, study the below. $STRK has moved from "Point A" to "Point B" on the pricing curve, as the IPO pricing would typically qualify as "distressed". The market is reacting and calibrating to the new instrument in the marketplace as the risk/return trade off is priced appropriately to the security. This is the reason for near term outperformance of $STRK relative to $MSTR & Bitcoin. Two elements determine the price, the bond floor ($8/share annual dividend) and the conversion into common shares ( XX shares of $STRK to X share of $MSTR). There may be a period of "underperformance" from $STRK when the relative risk/return yield is deemed "too low" between todays $MSTR price and the conversion parity at PAR ($1,000 $MSTR).  XXXXXX engagements  **Related Topics** [strk](/topic/strk) [marketplace](/topic/marketplace) [ipo](/topic/ipo) [$strk](/topic/$strk) [coins defi](/topic/coins-defi) [coins lending borrowing](/topic/coins-lending-borrowing) [starknet](/topic/starknet) [coins zk](/topic/coins-zk) [Post Link](https://x.com/PunterJeff/status/1942819928601682223)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Jeff Walton @PunterJeff on x 53.2K followers
Created: 2025-07-09 05:35:41 UTC
If you're still trying to wrap your head around $STRK, study the below.
$STRK has moved from "Point A" to "Point B" on the pricing curve, as the IPO pricing would typically qualify as "distressed".
The market is reacting and calibrating to the new instrument in the marketplace as the risk/return trade off is priced appropriately to the security.
This is the reason for near term outperformance of $STRK relative to $MSTR & Bitcoin.
Two elements determine the price, the bond floor ($8/share annual dividend) and the conversion into common shares ( XX shares of $STRK to X share of $MSTR).
There may be a period of "underperformance" from $STRK when the relative risk/return yield is deemed "too low" between todays $MSTR price and the conversion parity at PAR ($1,000 $MSTR).
XXXXXX engagements
Related Topics strk marketplace ipo $strk coins defi coins lending borrowing starknet coins zk