Bitcoin Policy UK CEO Criticizes Michael Saylor for Promoting STRC as a "Misleading Risk"

Odaily News, Susie Ward, CEO of Bitcoin Policy UK and a Bitcoin advocate, stated that although she is also a shareholder of Strategy, she is concerned about the way Michael Saylor is promoting STRC, believing he has not fully explained the risks of this product.

STRC is a perpetual preferred stock issued by Strategy, offering an 11.25% dividend yield. Strategy raises funds by selling these preferred shares and uses the proceeds to continue purchasing Bitcoin, serving its long-term BTC accumulation strategy.

Ward said that when Saylor showcased the returns of STRC in a related video, it gave the impression of being "risk-free," which she considers a "dishonest" expression. She is particularly concerned that investors may underestimate the structural risks behind the model of using high-dividend preferred stock financing to buy Bitcoin.