STRC

WolfBob808

I took 50% of my portfolio and allocated thirds to STRC, STRD and STRF. Collecting my dividends regardless of price of BTC. Will get back into the asset after all the market volatility caused by the war and interest rates. Give it a try.

fan_of_hakiksexydays

I mean MSTR is still down 70%. Sure it bounced back a bit from its crash and people who bought the bottom made some good gains. Long terms holders, not so much. Strategy still revealed its cracks in its foundation. MSTR fanboys always said that Saylor would never sell and STRC can peg back easily, and people were just FUDing. But the FUD proved to be true, STRC quickly lost its peg and still hasn't fully pegged back, Saylor had to break his promise and sell BTC and dillute shares of Strategy to keep the boat afloat. His solution for his sinking ship was to basically flood the other compartments and let them sink evenly, to get the ship upright again. But just because a ship is no longer listing doesn't mean it's not still full of water. The bond buyback rally and liquidation rally came just in time to get some of that water out. But is it gonna be enough?

Snowman33001

STRC and SATA are not as good as Bitcoin, but they’re pretty damn good if you want income in dollars and trust in Bitcoin. (And the companies themselves)

OrneryAd403

Thank you for your time and sharing your knowledge 🙏🏻 I will definitely look into STRC I didn’t know it was paying dividends as I didn’t look into any of their other stocks. This is why knowledge is wealth and I appreciate you for sharing 🫡

BitcoinBaller420

You can't go wrong hodl'ing the OG. Like most things in life, Coinbase's card favors the rich, with scaling rewards up to 4% bitcoin back based on assets held with them. STRC is basically a 12% yielding perpetual bond, over-collateralized by Strategy's cash and Bitcoin assets. It will be paying daily dividends this time next month. You are essentially trading off a lot of the volatility of Bitcoin in exchange for a decent amount of the upside, depending on your expectations for the annual CAGR going forward. In my mind, this is the new standard for the bond portion in the traditional 60/40 equity / bond portfolio. I'm about 30% STRC at the moment.

OrneryAd403

I actually just sold 50 shares of MSTR just now to buy bitcoin. Can you explain to me what STRC is ( if you’d like ofc ). I never looked into strategies preferred stocks and only researched MSTR. And a couple people in here is using the same card, might have to look into that

BitcoinBaller420

First buy was in 2018. I'm using a Coinbase credit card. I have to sell to make monthly payments on the card, but the effect is the same. Currently holding a mix of MSTR, Bitcoin, and STRC. I don't self-custody significant amounts yet, but respect those that do.

devCheckingIn

Looks like Strategy is proposing to move STRC to daily dividends. I think it was a necessary move to compete with SATA. Will probably eventually have to meet SATA's rate also.

fan_of_hakiksexydays

I doubt even half the people there really understand how MSTR and STRC works. They keep repeating stuff they heard, but I don't think they understand what they're saying.

HSuke

The MSTR sub believes that mNAV will grow much higher than 1 like in the last cycle, but I have yet to see any logic explaning why it should continue to do so. Logically, mNAV should be much lower this cycle for multiple reasons: 1. Diminishing returns on BTC growth every cycle 2. Strategy is now actively arbitraging between BTC and MSTR price in a way that reduces mNAV and increases BPS. BPS and mNAV are negatively correlated, and Strategy's goal is to maximize BPS. 3. STRC investors are no longer just blindly buying it, so the STRC ATM is less profitable than before. Originally, STRC was supposed to be the golden goose that increases mNAV.

JAYUZUMI

Now it's at 99 I'm hoping they just buy BTC and no more STRC buybacks.

Gloomy_Tomatillo3948

Never sell the bitcoin, do loans against it to buy STRC.

iisgambit

just a fyi, STRC in TFSA will net 10% after 15% withholding tax since its USD dividends

TrickReport2929

This is a risky move, but could cover you for at least 2 years. Put half your Bitcoin in STRC (if Canada allows) and collect the return of capital dividends to help cover monthly expenses. Let the other half of your Bitcoin continue to grow. Once it doubles, move half of it to STRC and increase the amount of return of capital dividends you eventually collect.

Turbulent-Land-5664

This is interesting. Are you telling me STRC is paying 12%? If I did sell the BTC it would definitely be used to maxx out the TFSA and in a way that provides supplemental income. As we age we do tend to want something more reliable and less risk. It only makes sense.

Usual-Restaurant-675

This isn't going to be popular, but if you sell your btc and buy STRC in a tfsa, you will get the full 12% tax free - since its roc dividends the tfsa shelters your income gains and foreign tax doesn't apply to ROC. That would double your monthly income and in theory protect your principle. If you wanted income and growth exposure strk might be an option as well. That way you don't give away all the bitcoin upside.

Full-Atmosphere-4818

The end of the video... "No worries Jim.... buy STRC!" lol

Express-Economist-86

I bought SATA and STRC in a reputable broker. I use Fidelity, and I love the platform, although there’s other decent ones. SATA pays a daily dividend, STRC is twice a month. Over time, I’ve basically added a month of income to my year. I use the dividend from my bitcoin-backed stocks to buy Bitcoin pretty much whenever I feel like it in fidelity. Takes a day to settle the payment and then I can transfer from my stock account to my crypto account. Significant up days I’ll take a little profit, set another sell order for even higher and a bigger buy order a bit below. If I miss, I’ll just wait a bit or maybe buy some more STRC and SATA to get that income higher. If I get a big enough payout, I’ll begrudgingly buy a more aged dividend payer. They pay less, but they’re more stable by virtue of long existence. It’s a long and slow climb. I’m basically counting on 5-10 years of struggle. I may eventually back this whole operation up as an LLC with abundant mines (hosted miners) or the GoMining app (digital NFT miners) for tax breaks. Any of these carry significant risks and are worth learning and plotting the math and taxes BEFORE you enter - this is just how I roll. However, after getting settled into a rhythm with my dividends, it at least feels like free money, and I like that my inflatable bucks are working for me faster than any other rate of return I’ve seen. It would absolutely be faster to just buy bitcoin, but my $100 stock that pays me all the time is psychologically easier to cope with than putting in a hundred bucks to BTC, watching the chart, and getting heated.

snek-jazz

Multiple things to address common FUD being thrown at them. * to prove they could without *crashing* the market, that MSTR is not the only source of demand for bitcoin. * to show that the bitcoin backing the pref obligations really is backing it. * to show that they are not ideological to the point of detriment - they're willing to sell if it makes sense to do so (even if it arguably didn't in this case) and they're willing to prioritize the STRC obligations. * A minor final point, but it was part of shoring up the cash reserve to a sufficient level. You could argue that they could have just ignored the FUD instead of caving and acting to address it. That they could have just rode out the bear market passively and waited for btc to recover. But they decided to be active, and it's put the company in a safer and stronger position at a slight cost to btc per share. Was it optimal? I don't know but I also don't care that much as the cost wasn't that much either. The important take away is two things: Firstly this summer was about responding to a STRC stress test, and learning the lesson that the market wanted a cash reserve. It was about building confidence in STRC for the future and reducing the future risk of the legacy convertible bonds. It was about showing what they can do if necessary. Secondly is that most of this was a anomaly that likely will never need to be repeated - they're not going to need to raise $6B+ from common/btc in a short period of time again, so any extrapolation of this summer to the future is ill advised.

Snowman33001

They sold 6916 BTC recently and currently hold 846,000 BTC. That was a sale of 0.8% of their holdings. The reason was to inoculate the market against BTC sales and raise dollars to buy back STRC/neutralize their debt. STRC is about $9.3B right now borrowed at 12% - but this is the key -the principal never has to be paid back. They think it has the potential to grow and their shareholders agree. Also mNAV has gone below one before. It then got up to 3/4. Now it’s at about 1.2. Nobody knows what the mNAV is going to do. It is purely a reflection of sentiment, and sentiment is fickle. What is clear is that MSTR has outperformed BTC since 8/10/20, and MSTR has paid all its obligations up to this date. So far, the business model is working and profitable.

weouthere96

I bought STRC and cucked myself. Depeg near the BTC bottom had me down 20k I couldn't bring myself to risk anymore capital. Congrats regards!

No-Masterpiece2246

Strategy is not out of the woods yet. STRC is a shitcoupon and the market knows it. It'll take a BTC pump past $100k to fix their books.

cnhuyaa

Btw can someone enlighten why he doesnt just change the dividends to be like weekly instead of bi-weekly or even daily or atleast increase the dividends to 12,5%? Clearly Strives model works wayy better and is way more stable and sustainable. This way he just wasted idk how many is it now like 1-2 bilions on buying back STRC.

UnsersGottaGo

i write mine afterwards to record the time, amount, spot price, and rationale. e.g. STRC i felt i had an edge because i understood the product, how its variable yield can be used to hit a target price, and i also thought over 50% of its holders misunderstood the product. this wasn't a coin trade, but i try to preplan and set thresholds (e.g. 10% change in 24 hours) before i make a trade. for me i started a logbook to help cut out the emotional part of trading, and to move me towards trading with a system (e.g. threhholds, stop loss). I also record the days where i make no trades. i noticed that ended the trading i did when i was bored, or when there was a dead quiet market and i'd start looking for reasons to buy. now i trade less and i'm satisfied with making a few good moves a week rather than trying to read candlesticks.

fan_of_hakiksexydays

But at what cost. They spent over $800M so far this year in dividend and repurchase to defend STRC par value.

devCheckingIn

STRC pretty much back to par now. So what will be the next pile of FUD to come out?

StealthExplorer

Got tired of trying to predict a bottom, now I DCA weekly and keep a stash of STRC for black swan dump when I will flip that into BTC. If it doesn't dump, no issues. Not watching any signals/charts/influencers. No one knows.

banglasteve

Nah I think STRC if we’re talking MSTR lol. Both junk

Excellent_Can2901

Put a decent percent of your holdings in STRC with a UK broker, enjoy a relatively steady income stream for life.

Lefties_TheWorst7331

Buy STRC and stack them with debt then 😎

Least-Dingo-2310

move into STRC/SATA

quietbyday

That's a valid question, but the answer is more complex, because there can be several reasons and I'm not an expert on the details. 1) Taking some Bitcoin they had bought previously bought high and selling it at a loss can make sense, because they basically get free money due to the tax loss harvesting (in the form of a reduction in the corporate tax they would normally have to pay). Think of it as getting bonus money when you sell one widget, that you can then use to turn around and buy another widget a a reduced price. 2) It would also make sense when the mNAV is below 1 (i.e. the market cap of the company is less than than the market value of the BTC they hold), because then the situation is reversed and the Bitcoin is amplified vs. shares, so it makes sense to sell BTC and buy back their shares. In that situaiton, doing so increases the number of BTC per share. This situation hasn't occurred yet, but it's a useful tool, for example if ever short sellers tried to drive the stock price far down during a bear market. 3) Third is a much more complex reason: they can sell BTC just to prove that they can do it without substantially moving the market. The reason they would do this is to convince third parties (credit rating agencies, index committees, potential insitutional purchasers of STRC, etc.) that they can easily sell BTC to raise liquidity whenever needed, to show that their is no risk that they won't be able to pay the dividends indefinitely into the future. This makes STRC and their other preferred stock much more attractive to conservative income investors and therefore strengthens their ablity to raise much more capital through STRC and buy more Bitcoin over the long term. Think of it as an investment in marketing - short-term expense for long-term gain. In fact, when combined with Reason 1 above, it's not even an expense, it's actually an accretive transaction that has this added benefit. From what I gather form the earnings calls and communications, reasons 1 and 3 both apply to their BTC sales this year. Reason 2 is more like a fallback, break-glass-in-case-of-emergency strategy. There might be other reasons that I'm not aware of. The bottom line, though, is that they've only sold a tiny fraction of their BTC, they've been net accumulators, and I don't think they will do much of it moving forward, esp. not if we're actually starting a longer bull market (fingers crossed).

Hfksnfgitndskfjridnf

15 Billion more STRC barely gets them back to where they were 3 months ago BPS wise. And then they’d owe 3 Billion a year forever.

Hfksnfgitndskfjridnf

lol sure dude. My original point was that BPS has decreased and that senior claims have increased since the STRC IPO. You’re the one who brought up something entirely irrelevant to what I was talking about originally so don’t give me that bs about not addressing your point. And you then start on about long time frame after asking about what’s happened in the last 24 days? Jeez, talk about being inconsistent. And no, STRC will never come near 1T. They could barely handle the Bitcoin volatility at 10 Billion, they certainly won’t be able to handle it on a significantly higher amount. Do the math, either STRC doesn’t grow much and they don’t increase BTC per share hardly at all, or they issue a ton of it and then the next BTC 50% crash they’re screwed. It’s a lot easier to raise a few Billion in a couple months compared to 10s of Billions. And even the few Billion they raised this time has led to significant shareholder value decay. You already have less BTC per share than before they started issuing STRC. That trend will continue, MSTR might end up with 1-2 million BTC but BTC per share will still be lower than it is now.

Hfksnfgitndskfjridnf

And how much BTC per share did they lose compared to 24 days ago? I thought it was you guys who wanted MSTR because they were increasing BTC per share overtime. It’s down 16.7% the last 3 months. Congrats, they sold a ton of BTC exposure to raise cash. STRC has been a disaster for MSTR.

thewaterisboiling11

Ok so when I said "update?" that was a question about noe vs 24 days ago when yoh first commented In those 24 days they have raised ~$3b in cash, and if you know what the word "net" means you know you subtract cash from claims to find it. So, as of today, they have lower net senior claims on their balance sheet tham they did 24 days ago Oh and they gained $9b in market cap yesterday which seems important to mention too, which itself nearly offsets the entire STRC notional amount too lmao Your precious strc senior claims were nearly offset by a single day of balance sheet growth. But yes I'm sure theyre quite worried about things

KateR_H0l1day

I've lots of Alt's and a couple of memes coins, very small amount of ETH just for fees! Plenty of BTC & it's derivatives, MSTR/ASST/STRC/SATA/MSTY/BTCI/XXI/MTPLF/GNS. But that's just me. 🙄

Hfksnfgitndskfjridnf

STRC is a senior obligation. There is 10 Billion of STRC outstanding. They have less BTC per share than they had prior to issuing any STRC at all. Last I checked 10 billion is more than 7.5 Billion, so I am correct. They have less BTC per share and more senior obligations than they had prior to STRC IPO.

thewaterisboiling11

That's a long, wrong reply given that since your comment i initially replied to they factually have fewer net senior obligations bc they now have 4 years of divs in cash on hand while issuing 0 new shares of STRC

Hfksnfgitndskfjridnf

Yes, they have 10 Billion in STRC and only 6 billion in cash + 1.5 debt retired. So they have more senior obligations now and less BTC per share than before launching STRC. Thats what happens when you issue STRC to buy BTC at 80k and then dilute at 60k to build a cash reserve. It’s also why using their new mNAV doesn’t tell you the whole story, its not really accretive just because it’s above 1. Since senior claims stay fixed in dollar terms, when Bitcoin tanks, MSTR tanks more yet mNAV can stay the same. And it’s pretty obvious that issuing shares when MSTR has tanked more than BTC is worse than if they issued shares when MSTR has gone up more than BTC even if both are at the same mNAV. This is another reason why STRC is a bad product for MSTR shareholders. It’s more likely to be at par when BTC is up big so they are basically buying the top every time. But they have to pay the dividend every 2 weeks regardless, even when BTC is down. It structurally makes them a top buyer and bottom seller. If they have to pay 12% and keep 2-3 years of cash reserve it can still be a net negative for shareholders even if BTC compounds 30% a year over the long term because the volatility eats away at that spread difference.

gizram84

He's not a day trader. This wasn't about timing the market for profit. The sale was needed to satisfy corporate requirements regarding STRC. The buys were just typical MSTR purchases that happen independent of price action.

BitcoinBaller420

It's so funny to watch a community that prides itself on doing the work to understand Bitcoin turn around and fud the institutional layer adopting it. Saying Saylor sold the bottom us incredibly misleading. They shaved a few bps off their massive stack. Here's what's actually happening... Strategy is building a Bitcoin-backed credit instrument in order to compete in the $300 TRILLION credit markets for the attention of wealth that is allocated to low volatility returns. This capital is not even thinking about buying a massively volatile instrument like Bitcoin. To compare, Bitcoin's entire market cap isn't even $2T right now. To do that, they have created a flexible-yield preferred stock that pays dividends far below the long-term growth rate of Bitcoin, but far above competing credit products with similar risk profiles. After some trial and error, they have hit on the killer app of Bitcoin credit: STRC. They pay 12% yield on an instrument designed to trade at a stable price of $100 / share. To compare, US government bonds yield something closer to 5% depending on duration, and junk credit is only a few hundred bps higher. That means STRC is trading as though the company is in imminent danger of failing... an absurd proposition given the fortress balance sheet backing the dividends. In order to sell more STRC, which they use to fund massive Bitcoin purchases of the apex asset for their shareholders, they are laser-focused on improving the credit-worthiness. HUGE pools of capital are currently locked out of buying this product until it gets an investment-grade credit rating. Any Bitcoiner worth their salt should be able to see that it IS investment grade... less than $10b in STRC is backed by $75b in Bitcoin and over $6b in cash! Comparisons to similarly rated equities are laughable. But to get that elusive investment grade rating, Strategy has to deal with all the ignorant fud of traditional markets. Credit agencies need to explain their ratings, and Strategy attacks these directly. Most recently, these agencies said the were worried about Strategy having a cash reserve that's too low, and they doubted Strategy's ability to access capital during a bear market. There was also concern that Strategy might refuse to sell Bitcoin to pay dividends. What does Strategy do? Simple. They sell Bitcoin during peak fear to demonstrate that they are in fact not propping up the market, showing that they CAN access capital during times of Bitcoin stress without crashing the price. They WILL sell Bitcoin to fund dividends, if needed, and they built up a massive cash reserve. When the investment-grade rating falls, and it will, trillions in credit capital is freed to pour in from professional investors that are willing to do the work, but are currently barred structurally from buying. This will massively benefit Strategy common holders, and of course, Bitcoin holders as well. Keep up the fud though, that's how I get to pile in to Strategy at such a stupidly low mnav and front run the whole thing. IYKYK

reddit4485

STRC is $97.82 right now and par is $100. So you would be collecting dividends and, if you decided to sell, would barely lose anything.

Romanizer

People bought STRC for nominal gains?

Lefties_TheWorst7331

If you bought STRC at par and have simply held it and collected dividends (not even reinvesting divs either), then you are currently green on STRC. More green if you DRIPd since the last time it was par.

piggleii

Final boss: STRC back to peg.

WeekendQuant

STRC is a de facto stablecoin.

gizram84

The creation of STRC increased the risk considerably. In the long run, that extra risk will very likely turn into a tremendous fortune. But in the short term, there is a balancing act needed to keep it all above water when we're deep in a bear market.

gizram84

He's not a day trader. This wasn't about timing the market for profit. The sale was needed to satisfy corporate requirements regarding STRC. The buys were just typical MSTR purchases that happen independent of price action.

FewUnderstanding2214

Exactly, or dilute the shareholders or raise more debt. People think the STRC dividend is a free lunch

SerenityCerulean

And STRC

snek-jazz

This. This whole summer has been an anomaly of once-off events that won't be repeated: * selling bitcoin to prove it can be done, even if it wasn't required * replenishing the cash reserve for STRC divs after using the prior reserve on a bond buyback. * gathering cash to counteract the convertible bond debt. These are all a once off, and they all served the purpose of counteracting FUD and reducing longterm risk, even if it was to the detriment of btc per share in the short term.

FewUnderstanding2214

Exactly nobody cares about STRC because they are buying the bitcoin themselves

ximogui

They buy when their mNAV expands. Their mNAV hit 1.1 last week (highest level in 2 months) so BTC purchases were accretive. They also bought back STRC however so their overall BTC per share fell slightly.

Medical-Junket1576

Strategy had to defend STRC which forced them to pivot, once STRC is back to par and maintains it they can resume big purchases of BTC or pay down convertible debt

tjackson_12

I bought one share of STRC. I’ll pay for these memes

Yesthisisdogmeow

It’s almost like there was no one buying STRC but after that pump people are back buying. With newly generated funds, instead of dipping into reserves are able to make new buys.

rgnet1

Same uninformed comments over and over. "Buy high, sell low, hyuk hyuk." Maybe just take two seconds to study something before you speak. Every single buy is right here: [https://www.strategy.com/ledger](https://www.strategy.com/ledger) Strategy's **bought over 175,000 BTC in 2026** and sold less than 9,000 BTC. The spread price of that is irrelevant. The sales were to prove Strategy won't default on its dividend-paying stock and will liquidate the minimum. Those tiny sales were an amazing move to change investor sentiment entirely. After the sales, STRC almost rocketed back to $100 par and I'm sure it contributes to bitcoin's price recovery, even if all the Treasury bond shenanigans are getting most of the credit.

HSuke

https://www.coindesk.com/markets/2026/08/31/strategy-returns-to-bitcoin-buys-adding-usd370-million-worth-last-week He sold MSTR to buy BTC and buyback STRC

BuyFluid5006

They also bought back a ton of their debt. Once STRC gets back to par he’ll be able to issue Preferred and you’re gonna shit your pants LMFAO

HipOut

I find this entertaining and amusing and I appreciate what Saylor is doing overall but I’m so glad I don’t own any MSTR or STRC lol

snek-jazz

> He had to do it to fund his "digital credit" dividends in a bear market. He didn't really have to. It was more about showing that he could if he ever really did not to. What MSTR did this summer was not optimal for shareholders in and of itself, but instead it was answering all the FUD concerns: * "they can't sell any bitcoin" * "even if they did, it would crash the market - they're the only buyer" * "if they stop buying (and sell any) bitcoin will have a downward death spiral" * "STRC Is in a death spiral and MSTR can't do anything about it" * "their convertible debt won't convert and they don't have cash to repay it" They likely only had to address all of this once, so this summer was a exceptional and won't be the norm, even in another bear market.

NMoney007

I agree they have definitely lost their edge and focus has been on STRC as of late.

NMoney007

They have been supporting STRC their dividend coins for the last month or so. They need STRC to be trading close to $100 so they can sell more to then start buying more BTC. Lets see what gets announced tomorrow.

rechtim

Could park a good chunk into STRC and collect 12%

Romanizer

Strategy has $1.6 billion they could deploy anytime. More when STRC hits par.

harvested

Sure, if they let STRC die they have no business model though, and the whole company exists only to hold btc and bleed otherwise. You following me?

harvested

Neither can they. STRC already nuked to the 70s and they had to buy it back (repayment). Buy coins not paper. Thank me later.

InvestOrDont

He also posted that AI image of himself on a lifeboat escaping the sinking Titanic when Bitcoin, MSTR, and STRC were crashing. What message is that supposed to send?

EmbarrassedPrompt697

Also, anyone who owns Bitcoin or Bitcoin related products should be fired up over his enthusiasm. He is literally buying Bitcoin with STRC, causing your bags to pump! And SATA is modeled after STRC. They are buying Bitcoin too. People should be thanking him.

Primary_Register_526

After a year-straight streak of daily bear posts, we also haven't heard from that Fan guy in 8 days now, since this recent rally took hold. Must just be coincidence. Funny how just 10 days of strength is all it takes to annihilate the doomed narratives of "MSTR/STRC death spirals", "nobody except Saylor is buying anymore", "there were just no shorts left to liquidate (this one was hilarious in retrospect after $3B in shorts got wrecked)". There's nothing left in the bear playbook now but "dont worry my astrology says we still dump -50% from here within 2 months" lol.

No_Cod972

SATA is humming. STRC isn't humming yet. Should be soon though.

DevelopmentAlive2499

(Not financial advice) you won’t regret it! Personally I hold both, but hold 4x as much SATA as STRC

Adam_Denton

I have STRC, but I'm seriously considering switching over to SATA. STRC keeps having trouble getting back to and staying at $100

kingerxi

I'm 56, almost 57, and ~35% of my liquidity is in crypto or related (related = MSTR, BMNR, STRC, etc.) Probably too high, but it's worked out for me.

Romanizer

That's true. It seems like ETF inflows are stabilizing around $300m per day, Strategy has prepared $1.5bn to deploy at will. If STRC hits par, this may get much more. So it's a bit of consolidation and built-up of further buying pressure, maybe waiting for more shorts to open.

PatternAgainstUsers

"You might be an NPC"...says the guy who line breaks his comments out like a North Korean bot. Chill on the conspiracy theory nonsense. "We" refers to HUMAN BEINGS who BENEFIT FROM INNOVATORS. Clear enough for you? You are speaking with your ego, not reason. You clearly want to be in some kinda cypher punk cool kids club. That does not serve you, or anyone else... that is meaningless hipster BS. The average person is NEVER going to self-custody BTC the way YOU want them to. Go research any major consumer adoption in history, if it's not stupidly simple with a clear value proposition, it almost never catches on unless there is simply no (conceivable) alternative and the product is of utmost importance. That is why STRC simplifies BTC exposure for the risk-avoidant... and it's better than nothing. Learn to ask the question "compared to what?". It will solve a lot of problems and ridiculous expectations in your life. Also stop lecturing people 2x your IQ, it's annoying.

SimpleMoonFarmer

Nobody is prepared for the earthquake that will happen if STRC gets above $100 again.

BitcoinBaller420

I just yesterday talked to a driver in a cab who told me his friend bought 3 bitcoin at $200 each and suggested he buy too. He was crushed he missed Bitcoin while lamenting that he also just figured out how to get 3% on his bank account cash and was getting 0 before that. I explained that he hasn't missed anything, we're still early in Bitcoin's adoption as wealth, 10x inside 10 years, showed him STRC yielding 12%... this is probably a 60 year old guy, nice as all get out, going nowhere as inflation eats his savings... Bitcoin is freedom.

WeekendQuant

They're a fiat Treasury now and they keep diluting shareholders. It's not a good look. They will continue diluting until STRC and STRF get credit ratings. Their Saylor tracker chart looks like dogshit.

Few-Engineering9803

You assume I only hold STRC, that's your first mistake.

Few-Engineering9803

You are confusing your holdings with the price of the STRC stock, common rookie mistake. The STRC price was never above $100.42. Kinda hard to buy a stock at $300 when it barely got over $100.

TheSkunksMisery

Still believe in bitcoin but need cashflow? STRC.

Alternative-Junket28

L'action MSTR n'est pas le priorité de Saylor L'action MSTR va servir a nourrir STRC

Alternative-Junket28

L'action MSTR n'est pas le priorité de Saylor L'action MSTR va servir a nourrir STRC

mikitu

By priority stock I presume you mean preferred and by bond I presume you mean the convertible debt? He is paying off the convertible debt and said it is something they don't want to more. He financed billions of BTC purchased with STRC sales above par, and that's why their priority is not to get STRC to par again, that's how they will finance more BTC purchases and increase sats per share. So no bonds and no covered calls.

bewildered_hobbyist

Bitcoin is my exit strategy. I have been in about the same amount of time as you so very familiar with the meh feeling in bears and the exuberance of bulls. Started this journey blue collar, poor. Many of my peers were on assistance, I was close as well. Now I am hoping to retire during the next bear 3-4 years. I am planning on keeping 90% or so to hold and hopefully give my kids when I die. I am thinking of $STRC as my retirement income and living lower class my remainder so the kids can live a better, more stable and secure, a life than i did. I already consider my life over, just gotta stack as much as I can for them kids!

mikitu

He wants to get STRC back to par as number one goal, he keeps saying that. When STRC is back to par he will just smash buy bitcoin and the sats per share will increase, with no MSTR dilution or BTC sales.

epistmeme

They own 4% of the total supply, I think they're doing alright. There's also an argument for their selling to work on returning STRC to par stabilized their balance sheet and removed risk.

freudianjustthetip

That's not a realistic scenario for at least 2 years, even if the Bitcoin price drops to 10k. MSTR current leverage ratio is 3% at 75k per btc. They have current USD cash to pay dividends for 25 months. They also aren't pumping this Bitcoin run because STRC is not at par-$100 value. Note the moment they hit par on STRC, they'll be pumping this bull run with 100s of millions of new buys.

CommercialDuck7496

its the Strive (Another bitcoin treasury asset company) equivalent of Strategy's STRC. A perpetual preferred equity with a 13% dividend (tax deffered) paid daily. Its goal is to minimize volatility. So lets say in 6 months Bitcoin drops 50%, well every satoshi I move from bitcoin into sata, I could then buy 2.13 satoshi's after the drop

KryptoSC

Well it’s a good sign that Strive sold preferred shares today and bought about 285 Bitcoins after no buys for like over 2 months. Hopefully, Stretch (STRC) will reach par and buy Bitcoin again soon.

impulsive87

This bear has been a great stress test for strategy and STRC. The bull will be wild

Squeiner

I remember the narrative when bitcoin was neat ATH. They said mstr was the biggest  user of btc and without them buying all the time it would collapse, so any btc holdings they have are irrelevant because whenever they try to sell the value would evaporate. Then the market turned. Then at the very bottom of the bear market, they stopped buying and started selling.  They sold thousands of coins into the market at the bottom.  Not only did the value hold, but now we have this rally.  To me, it seems like they proved that even if they sell at the worst possible time, bitcoin is a legitimate reserve asset to hold, with deep instant liquidity, that they can use at any time they want to manage their obligations and balance sheet, no matter what the market conditions are. The narrative that without mstr buying bitcoin would collapse has been completely destroyed. Now their usd reserves stand at almost 5B, STRC has a track record of paying dividends without issue, bitcoin has demonstrated it can hold and even rise while mstr is selling, they've bought back a bunch of strc of obligations, proved bitcoin can be used functionally as a liquid reserve asset even in the worst of times. Idk, im just some fkn guy, but it seems to me this is a very strong setup for the coming bull run.

PatternAgainstUsers

Bitcoin is pristine collateral, it is A) a tool to provide the OPTIONALITY of reducing counter-party risk (this comes with a tradeoff, but for some is an absolute life line when needed), and B) a long-term debasement hedge. Long-term because of it's immaturity as an asset, but this is what solutions like STRC try to give people who want to try and front-run that long-term capability and bring SOME of that functionality forward into the future. The best way for MOST normal, first world people to use BTC right now is to heavily accumulate when it is below business cycle fair values (so, now) and have a long duration view, using it (if comfortable with some counter-party risk) to reduce the rate on their mortgage for example. Actually locking it up, saving it, and getting a financial benefit in the here and now. Bitcoin isn't about changing the government or something, it is about diversifying your risks from debasement - at least on the financial investment side of things. BTC is not a good currency for spending, because it is too valuable for that. Unless you are "SPENDING" (trading) it to buy undervalued (or fair-valued) strong assets to diversify your book at times when BTC is specifically over-valued. This is a bit difficult to do (not that hard though, just plot a 0 to 1 fib between the 2 year and 2 year x 5 MA on a log chart, and when BTC crosses the 0.5 threshold, put in a trailing stop below monthly bullish higher closes). So if you think Apple is cheap or fairly valued at a given time when BTC is ripping... great, go get her tiger... but assets for assets. Dollars are ONLY FOR IMMEDIATE LIQUIDITY, particularly in a crisis.

shelby_xx88xx

I have faith in MSTR and the leadership. They are making adjustments to some complex financial engineering they worked up. They are the largest holder of BTC. And I am confident STRC is back at par and capital flows in heavy as crypto winter comes to an end. Now is when you take the risk and make the big money. But most people are scared and just wait for the next bull run, then FOMO in. Rich get richer, poor stay poor.

cyger

The MSTR story has changed a bit since they are selling BTC to stabilize STRC. Still, during a bull market it will likely do better then BTC.

PrestondeTipp

Nope *** IPO STRC at $90/share Use the $90 to buy Bitcoin at $118,000. $118,000 BTC is now worth $64,000, 45.7% loss Original $90 is now worth is $49.50 Pay $11.42 of dividends in this period. Repurchase STRC for $94 Spending ~$145.42 to have access to $90

reddit4485

And they make money by buying STRC back for less than they sold it for.

Romanizer

That's what they are currently trying to do. STRC buybacks both bring it back to par and reduce monthly obligations.