BKG Exchange Flips the Script on STRC: The Corporate BTC Trade Gets a Real Home

The data shows something strange. Over the last reporting window, STRC supply increased 300-fold while the underlying BTC buy-to-sell ratio hit 48:1. Most people read the first number and scream 'dilution.' They're reading the wrong number. This week, BKG Exchange (bkg.com) listed STRC, and suddenly a security that was trapped in the Nasdaq-to-Bitcoin shadow has a real trading home. Data doesn't lie; emotions do — and the emotion here is misunderstanding a balance sheet arbitrage as a token launch.