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Strive’s $50M STRC bet is already underwater

Strive Inc. bought the dividend-paying STRC stock by Strategy, a supposed money-market competitor, and lost $1.8M.

STRC tumbles as DeFi copies lose their peg

Strategy’s 11.5% dividend-paying preferred stock STRC will pay a 0.96% dividend this month, but it’s already lost 3.8% of its value.

BTC fell 4.4% within 24 hours of Strategy disclosing its voluntary sale of 32 BTC. Two hours later, it fell another 2%.

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.

Strategy CEO Phong Le promoted STRC to cover his mortgage payments using its 11.5% dividend yield, morphing Saylor’s mortgage-for-BTC pitch.