Bitcoin24h $67,100.43+0.35%

Ethereum24h $2,054.02+0.14%

BNB24h $593.30+0.76%

XRP24h $1.31-0.54%

Solana24h $80.36+0.21%

TRON24h $0.3177+0.66%

Dogecoin24h $0.0910-0.15%

UNUS SED LEO24h $10.09+0.19%

Hyperliquid24h $35.82+0.07%

Cardano24h $0.2455+0.02%

Strategy is paying credit card rates to keep STRC at $100

Strategy founder Michael Saylor has increased the dividend rate on STRC so high that it’s now roughly 60% of a typical credit card rate.

Michael Saylor went from ‘sell a kidney’ to $20 billion loss at Strategy

When BTC was above $84K, Strategy founder Michael Saylor said, “sell a kidney if you must, but keep the BTC.” Yesterday, BTC hit $63K.

Strategy might be able to survive until BTC hits $8,000, but common shareholders will lose hope in treasury coverage in the $20,000s.

Michael Saylor is using AI slop to liken Strategy’s STRC dividends to the interest payments of regulated money market funds.

Michael Saylor has so much debt that a CNBC analyst couldn’t think of one bank that would roll Strategy‘s bonds if BTC crashed 90%.