"STRC is a pyramid scheme."
I've heard that several times. It's worth clarifying.
Pyramid scheme: no underlying asset, opaque, illiquid, collapses when new investors stop joining.
STRC: 741K BTC ($52B) on the balance sheet, public prospectus filed with the SEC, $712M/day in liquidity on Nasdaq, exit at any time.
Strategy issues shares, buys Bitcoin with the proceeds, and pays dividends with the capital raised. This is in the prospectus. There's nothing hidden.
Do you know who else works like this? Every bank in the world. They take deposits, pay interest, and invest the capital. Every REIT. Every real estate fund. Treasury Direct program.
In STRC, the underlying asset is Bitcoin, verifiable on-chain, 24 hours a day. In Treasury bonds, the collateral is the promise of a government that historically has not fulfilled its promises.
Disagreeing with the model is legitimate. Calling it a pyramid scheme is intellectual laziness.
Couldn’t have said it better my self!
Saylor is doing a speculative attack and bitcoiners hate it.
Yeah it sucks everytime they buy that many people lose the chance of ever holding 100M sats but we all had our chance to buy and secure the coins before it got to this level of buying
And it’s only the beginning. More will come Bitcoin is the best money ever created for all the financial markets in the world.