Bitcoin24h $61,489.48-3.15%

Ethereum24h $1,602.07-9.57%

BNB24h $576.52-4.58%

XRP24h $1.11-4.91%

Solana24h $64.46-5.96%

TRON24h $0.3226-2.70%

Hyperliquid24h $59.13-11.80%

Dogecoin24h $0.0824-6.89%

UNUS SED LEO24h $9.68-2.57%

Stellar24h $0.2004-2.60%

STRC controversy goes mainstream

Strategy’s high-yield dividend stock STRC funds record BTC purchases, sparking major social media controversy and scrutiny from Coffezilla.

Michael Saylor’s Strategy lost $1.2 billion buying bitcoin in Q1

Strategy has been responsible for the vast majority of bitcoin treasury company purchases and their money-losing buys.

Michael Saylor was happy to quote a CNBC TV news anchor who likened Strategy’s STRC to a money market fund.

After an initial 60% haircut on its market value, BTC-backed mortgages feature no further margin calls or collateral top-ups.

Strategy slashed its $20.33B STRK at-the-market offering on March 22 after selling just 5% of its 269.8M share goal.