thebullishbear

Saylor has built a bond backed by bitcoin that pays 3x what treasuries pay.. and institutions are buying it without realizing what they’re actually holding let me break this down simply.. STRC is a share that always trades at $100 not roughly $100. exactly $100. saylor engineered this by using the dividend as a lever… price drops below $100 → raise the dividend → buyers rush in → price goes back to $100 price rises above $100 → lower the dividend → less attractive → price comes back down right now it’s at $100.01 and the machine is working the yield is the story you put $100 in. you get $11.50 back every year. paid monthly. a 10-year US treasury? $4.00/year on the same $100 same “safe” stable price. same $100 in, $100 out one is backed by government promises and one is backed by 720,000 $BTC saylor is offering you 3x the yield and better collateral why can’t institutions just buy bitcoin directly? they can’t pension funds, insurance companies, university endowments.. they have rules “too volatile” “no income” “doesn’t meet distribution requirements” they need stable price + monthly cash flow or their compliance department says no so they’ve been stuck with 4% treasuries watching bitcoin go from $10k to $85k $STRC solves this.. - stable price - monthly income - compliance approved - they get their bond wrapper - but underneath it is bitcoin this is the trojan horse they think they’re buying a high-yield preferred share but they’re buying bitcoin exposure in a suit.. every dollar that flows into STRC flows through to strategy strategy uses it to buy more bitcoin more bitcoin = more collateral = better terms to raise more capital = buy more bitcoin the flywheel only needs $BTC to not go to zero