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Bitcoin Cash24h $442.68-0.51%

Saylor continues to liken STRC to a money market as risks mount

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

Bitcoin mortgages debut with 60% haircut and no margin calls

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.

Strategy founder Michael Saylor keeps announcing relatively expensive BTC buys near the top of each week’s trading range.

Real-time estimates of Strategy STRC-funded BTC buys indicate that this week might be its biggest capital raise ever.