Overview
- Michael Saylor told the Bitcoin 2026 crowd on Tuesday that STRC reached about $8.5 billion in nine months and is “going viral.”
- Bitwise CIO Matt Hougan says Strategy bought $7.2 billion of bitcoin over eight weeks and now holds 818,334 BTC, a pace he credits for much of a roughly 20% rebound.
- STRC is a Nasdaq-traded perpetual preferred that targets $100 per share and pays about 11.5% a year in monthly cash, giving retail investors an easy way to buy yield.
- The funding model lifts fixed payouts, with obligations near $21 billion against roughly $63 billion in bitcoin, and analysts estimate room for $10–$15 billion more issuance before leverage becomes a bigger worry.
- Critics including Peter Schiff warn of a possible “death spiral” if demand weakens or yields climb, a risk highlighted by a sharp February drop in STRC inflows that Strategy later reported had rebounded.