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STRC could be funding more Strategy bitcoin buys than ever

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

Bitcoin treasury firm Strive buys Strategy instead of bitcoin

Nasdaq-listed BTC treasury company Strive has announced a $50M cash purchase of fellow BTC treasury company Strategy’s STRC.

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.