news 
Title: New $21 Billion Perpetual STRK Offering to Boost Bitcoin Holdings Amid Market Uncertainty
Bitcoin has taken a significant hit in recent times, dipping below the $78,000 mark. Despite this decline, it’s essential to stay informed about ongoing developments that could impact the market’s trajectory.
As the situation stands, we have fresh news regarding STRK’s perpetual offering, which aims to secure a whopping $21 billion for Bitcoin investments. The goal of this endeavor is to capitalize on potential future growth opportunities and generate consistent returns through an 8% annual dividend. This move demonstrates STRK’s commitment to Bitcoin’s long-term prospects.
Meanwhile, the market continues to experience significant outflows, with US investors leading the charge, resulting in a staggering $876 million exodus. The overall digital asset market is now facing a substantial monthly withdrawal of approximately $4.75 billion – an unprecedented low since 2024.
In related news, Singapore Exchange has announced plans to debut regulated Bitcoin perpetual futures contracts in 2025. This move aims to bridge the gap between traditional markets and the cryptocurrency space, providing new avenues for institutional investors to participate.
Last but not least, Utah has officially pivoted away from its initial plan to hold a state-backed reserve of Bitcoin, opting instead to focus on advancing crypto rights through their landmark legislation, HB230.
