🏦 How Michael Saylor’s Bitcoin Yield Instrument (STRC) Works
Many large institutions can’t buy Bitcoin directly due to compliance rules.
Their mandates usually require stable price, predictable income, and regulated instruments.
⚙️ Saylor’s solution: STRC
STRC is a perpetual preferred stock issued by Strategy (formerly MicroStrategy).
It is designed to trade around $100 and pay monthly dividends to investors.
📊 Example
If an investor allocates $100 to STRC:
• Annual yield ≈ $11.50
• Paid monthly
For comparison:
• 10-year U.S. Treasury: about $4 per year on the same $100.
📌 What supports it
STRC isn’t directly collateralized with Bitcoin, but it is backed by the balance sheet of Strategy, which holds hundreds of thousands of BTC as corporate treasury.
♻️ The Bitcoin Flywheel
Strategy raises capital → buys more Bitcoin → stronger balance sheet → better access to capital → buys even more Bitcoin.
This creates a financial flywheel powered by BTC.