Strategy Variable Rate Perpetual Stretch (Derivatives) (STRC)

【Bearish📉】

Peter Schiff says “$STRC’s 15% yield could force Strategy to raise dividends and sell more $BTC earlier #PeterSchiff”

https://t.co/X2RhN4ou8f

we faded consensus on $strc at the perfect time

There is no incentive for Saylor to buyback STRC at this level

The SEC filing is all about signaling

I strongly doubt he's going to repurchase STRC above $70, I don't even think he would do it above $50.

If he's selling BTC to buy STRC, then the chart that should matter is STRC/BTC. I don't expect this chart to collapse so I don't think it would be interesting for him to buyback STRC

STRC is now basically a STRF-like pref that is floating, bringing it back to $100 is not that important anymore (*as the issuer that is focusing on limiting damage and not issuing more in the short-term*) because no one believes it must trade at $100 anymore

He will probably keep the dividend rate at 12%, which is a clean 1% for month, easy to remember. Everybody kind of agrees that it would be useless to try to increase it enough for the asset to trade back at par anyway, so there's no incentive to increase it either.