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Depending on who you ask, STRC is either "the greatest ponzi known to man" or "mathematically the best risk-return credit instrument in the entire $200T+ credit market."
This so-called “perpetual preferred stock” currently pays its shareholders 11.5% annual dividends, accruing monthly, and is backed by the full faith and credit of BTC treasury behemoth Strategy.
While STRC experienced another ex-dividend drop on Wednesday, effectively shutting off Strategy’s access to this lucrative funding spigot, the DATCo already secured an estimated $1.2 billion via STRC earlier this week, enough capital to fund the purchase of ~17.2k bitcoins.
Michael Saylor thinks 
Bitcoin is headed to $21 million, but the real story in this conversation is how he believes it gets there.
Bankless
Understanding STRC
STRC (pronounced “Stretch”) is a publicly traded security on Nasdaq Exchange.
A modern marvel of financial engineering, STRC touts extraordinary yield for income-focused investors – conveniently packaged as a relatively stable instrument that helps Strategy raise capital to buy more bitcoin without...
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