Strategy’s USD reserve didn’t last long
Strategy diluted common stockholders to build a USD reserve for dividend and interest payments, then used the cash for something else.
Strategy diluted common stockholders to build a USD reserve for dividend and interest payments, then used the cash for something else.
The CEO of Strategy has made $37 million in total compensation over the past three years while buying less than $20,000 in STRC for his kids.
Michael Saylor may now sell Strategy’s BTC, reversing the hardline never‑sell stance that he reiterated for years.
Strategy’s bitcoin acquisition strategy has cost over $1 billion and it has generated annual returns of just 1%.
Strategy CEO Phong Le promoted STRC to cover his mortgage payments using its 11.5% dividend yield, morphing Saylor’s mortgage-for-BTC pitch.