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Bitcoin Policy UK CEO Criticizes Michael Saylor for Promoting STRC, Citing "Risk of Misleading the Public"
Svmuu News: Susie Ward, CEO of Bitcoin Policy UK and a supporter of Bitcoin, stated that although she is a shareholder in Strategy herself, she is concerned about the way Michael Saylor is promoting STRC, believing he has not adequately explained the risks associated with the product. STRC is a perpetual preferred stock issued by Strategy that offers an 11.25% dividend yield. Strategy raises funds by selling these preferred shares and uses the proceeds to continue purchasing Bitcoin, in line with its long-term BTC accumulation strategy. Ward stated that when Saylor showcased STRC returns in related videos, it gave the impression that there was “no risk,” a characterization she deemed “dishonest.” She is particularly concerned that investors may underestimate the structural risks underlying the model of financing the purchase of Bitcoin through high-dividend preferred shares.
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