Strategy’s New STRC Stock Bets They Can Pay You 9% Without Ever Selling Their Bitcoin
Main Idea
Strategy (formerly MicroStrategy) is nearing 620,000 BTC holdings and has launched a $2B 'Stretch' Preferred Stock offering with a 9% yield, indirectly backed by Bitcoin.
Key Points
1. Strategy currently holds 607,770 BTC, with a 58% chance of reaching 620,000 BTC by August according to Polymarket.
2. The firm's average BTC purchase price is $71,756, while Bitcoin trades near $119,000, close to its all-time high of $123,000.
3. Strategy launched a $2B 'Stretch' Preferred Stock (STRC) offering, initially sized at $500M but quadrupled due to high demand.
4. The STRC stock offers a 9% yield and is described as a 'high-yield, bitcoin-backed' instrument, though it does not directly give investors Bitcoin exposure.
5. The company aims to convert Bitcoin's historical 3%–4% annualized return into consistent cash flow.
Description
Strategy (formerly MicroStrategy) now holds 607,770 BTC, just shy of the 620K mark. Polymarket gives a 58% chance of hitting 620K BTC by August, up 21% in one day. The firm’s $2B “Stretch” Preferred Stock offers a 9% yield, backed indirectly by BTC. The odds are climbing that Strategy (formerly MicroStrategy) will hit the 620,000 BTC milestone in its holdings before August. According to the prediction market Polymarket, the probability has surged to 58% , a 21% jump in the last 24 hours alone. T...
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