Cryptocurrency influencer David Battaglia stated via X that Strategy (MSTR)'s preferred stock STRC is similar to a type of insurance product. He emphasized, "Strategy selling STRC is exactly like an insurance company selling annuity insurance. Just as insurance companies receive premiums (Float) from customers and invest their money to generate profit until an accident occurs, Strategy similarly raises funds and then purchases Bitcoin. Strategy's stock is a product that can ride the wave of BTC's rise, attracting market capital as aggressive investors pay a premium. Strategy's model is a transparent product that can be verified in real-time, and accusing it of being a Ponzi scheme is simply the work of Strategy's haters." Strategy's STRC is a product that pays monthly variable dividends, targeting an annual 11.5% to holders. The dividend rate decreases when it exceeds the face value ($100) and increases when it falls below the face value. Recently, it has been functioning as a source of funds for Strategy's BTC purchases. Meanwhile, Strategy founder Michael Saylor also reposted (retweeted) this influencer's X post.
