Susie Violet Ward, Director of Bitcoin Policy UK, is calling out Michael Saylor for what she describes as a misleading promotional campaign for Strategy’s STRC perpetual preferred stock. The core complaint: Saylor’s video allegedly made the instrument look like a risk-free ride to 11.5% annualized returns.
“Saylor put out a video talking about his yield with STRC… it was making it out that there is no risk involved,” Ward said.
Here’s the thing. STRC, nicknamed “Stretch,” is not a savings account. It’s a perpetual preferred stock that pays a variable monthly dividend, currently estimated at around 11.5% annualized.
What STRC actually is, and what it isn’t
STRC is one of several structurally-branded preferred offerings from Strategy, the company formerly known as MicroStrategy. The instrument lets the company raise capital without diluting common equity.
