Bitcoin24h $63,168.37+0.50%

Ethereum24h $1,869.63+1.05%

BNB24h $584.46+1.67%

XRP24h $1.08+1.48%

Solana24h $73.16+1.37%

TRON24h $0.3260-0.55%

Hyperliquid24h $52.62+0.32%

Dogecoin24h $0.0702+1.15%

UNUS SED LEO24h $9.74-0.15%

Zcash24h $483.83+4.05%

Strive bought STRC instead of holding ‘idle cash,’ lost over $4M

Strive told shareholders that it was choosing to hold STRC instead of idle cash, a swap that has cost shareholders millions of dollars.

No amount of cash can fix STRC’s trust problem

Michael Saylor keeps raising cash for STRC holders who’ve watched him shift his promises, so the discount below par is persisting.

The effective yield of STRC is 14% with a 28% total return on offer, yet it still cannot hold the $100 par value that Strategy intends.

After predicting a rally that didn’t arrive, Michael Saylor waited for a 52% drawdown and sold at a loss to Strategy’s BTC cost basis.

With the price of BTC and Strategy crashing, Michael Saylor grew frustrated with another reporter’s questions, ending the interview cold.