Anyone looked at STRC?

Investing / Portfolios
1

STRC is the fixed bonds from Microstrategy, the company from Michael Saylor, investing heavily on BTC and building financial products with BTC as collateral.

It gives a 10-12% yearly dividend, and the stock price is always adjusted to be at 100$.

They currently have enough cash to pay the dividends for years, even if BTC collapses.

I would not consider this a “safe” investment for long term (3 years +), but knowing Saylor, he will ensure that his new baby is delivering as promised for at least 1-2 years.

I’m considering putting a small portion my cash there, the part that is sleeping on Interactive brokers, waiting for nice opportunity on the stock market.

Curious to hear your opinion on that :slight_smile:

1 Like
2

Knowing Saylor is like saying you trust a clinically insane person.

I‘ll just let this here:

https://www.reddit.com/r/wallstreetbets/comments/1r3jkk2/at_last_weve_found_it_pure_retardium/?share_id=gomfB0fx0vsaj-s-NbtWB&utm_content=1&utm_medium=ios_app&utm_name=ioscss&utm_source=share&utm_term=1

The comments are peak on this one as well.

3 Likes
3

Sounds almost too good to be true. It’s a bet that BTC will go up before MSTR runs out of money to pay the dividend.

Dividends will adjust up when price <100 and adjust down when price >100. Adjustment rate is 0.25% per month. I wonder what happens if prices go down fast, like -20% in 2 months. You would get a bit more dividend but the bond price would then be at 80 $.

Plus you are exposed to USDCHF fx change. I would play this with pocket money and maybe learn a thing or two in the process. Have fun!

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4

Hands off paper Bitcoin… not your keys, not your coins.
(btw. Strategy has not provided any addresses so far to prove they have Bitcoin at all)

5

This guy (Saylor) is most probably and objectively a very smart person. I can’t decide on whether he’s a grifter or has some Buddhist monk level conviction he’s right. Incidentally combinations of these two are pretty common in the un-TradFi space :wink:

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I thought MSTR is under water and lost all money they made since 2020