The $1.76 Billion Confession: Why Strategy's Pivot to Preferred Shares Is a Narrative-Decay Event
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Market Sentiment
Block reward reduced to 3.125 BTC
Raises validator limit and account abstraction
Circulating supply increases by about 2%
Team and early investor shares released
Independent validator client goes live on mainnet
92 million ARB released
Block reward halving event
Improves data availability sampling efficiency
Bitcoin Season