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We calculated the present value of STRC — it’s bad for MSTR

We calculated the present value of STRC and compared it to various metrics that reveal the difficult math behind BTC yield.

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.

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.