POPA ReconSaylor Has Created Frankenstein's Monster. It Yields 11.50%
Saylor Has Created Frankenstein's Monster. It Yields 11.50% Saylor created STRC as a Frankenstein's monster: a BTC-linked instrument promising risk-free-like excess returns with 11.50% yields and high Sharpe ratios STRC success caps MSTR mNAV, as equity holders finance dividends without meaningful BTC/share upside In limit, growing dividend burden risks mNAV below 1x, triggering BTC sales, panic, and potential default on preferreds https://x.com/Cheshire_Cap/status/2046758783829889157?s=20
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