Despite being an ardent bitcoin advocate and shareholder of Strategy, Bitcoin Policy UK CEO Susie Ward still has some concerns when it comes to the world's largest digital asset treasury firm.
Ward recently told The Block during an interview at last week's BTC Prague conference that she considered a video shown by Strategy's Michael Saylor, promoting STRC, to mischaracterize the investment's risk profile.
"It's the risk I'm uncomfortable with. I don't think the risk is explained," said Ward. "Saylor put out a video talking about his yield with STRC ... it was making it out that there is no risk involved, and I thought it was really dishonest."
Selling STRC, a perpetual preferred share offering a whopping 11.25% dividend, has helped Strategy further pursue its bitcoin accumulation plans as the company funnels proceeds from the shares into buying more BTC.
Ward sees the concept of selling these types of shares to raise capital to buy bitcoin as problematic.
