Saylor Points to STRC Returns as Bitcoin Slides Toward $64K
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Strategy's Michael Saylor highlighted gains from STRC preferred shares as bitcoin's decline put the firm's holdings further below cost.
Michael Saylor, founder and executive chairman of Strategy, drew attention to returns from the company's income-paying STRC preferred shares while bitcoin traded near $64,000 on Nov. 14.
Bitcoin had fallen by more than 21% over the previous month, according to the report, deepening the gap between the market value of Strategy's bitcoin reserves and their acquisition cost.
Against that backdrop, Saylor emphasized STRC's positive performance, contrasting the preferred security's income-oriented structure with the recent weakness in bitcoin prices.
Source: Bitcoin.com News
