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