According to @QCompounding, new research from crypto options market maker OrBit Markets reveals that a Bitcoin (BTC) 'accumulator' strategy has significantly outperformed traditional dollar-cost averaging (DCA) since January 2023. The backtesting showed that three-month accumulators delivered 10% outperformance, while twelve-month accumulators outperformed DCA by 26%, making it a potentially superior method for corporate treasuries accumulating BTC. This strategy involves agreeing to buy BTC at a discounted price but carries the risk of forced purchases if the price drops below a certain strike. Separately, MicroStrategy's (MSTR) stock and its perpetual preferred shares (STRK, STRF) have rallied, with STRK gaining 15%. This surge is attributed to speculation that the company may be included in the S&P 500 index. According to analyst Jeff Walton, Bitcoin's high price has boosted MSTR's earnings to a level that meets the final requirement for inclusion, prompting what appears to be front-running by investors.

According to @AltcoinGordon, new research from crypto options market maker OrBit Markets indicates that a structured product known as an 'accumulator' is a more effective strategy for corporate treasuries than traditional dollar-cost averaging (DCA). The research, which backtested data from January 2023, found that a Bitcoin (BTC) accumulator strategy significantly outperformed DCA. Specifically, three-month accumulators delivered a 10% outperformance, while six-month and twelve-month accumulators outperformed DCA by 13% and 26%, respectively, achieving a lower average BTC acquisition cost. Pulkit Goyal, head of trading at OrBit Markets, notes that accumulators offer a disciplined, cost-effective approach to token accumulation. The strategy involves agreeing to buy BTC at a discounted strike price but includes a knock-out barrier and an obligation to double the purchase if the spot price falls below the strike, making it more suitable for long-term investors than for short-term traders.