๐จ SOMETHING MIGHT HAVE BROKEN INSIDE MICHAEL SAYLORโS BITCOIN MACHINE.
$STRC was designed to stay near $100 forever. Strategy launched it in July 2025, raised $2.5 BILLION from investors, and used that money to buy more Bitcoin.
In return, investors got an 11.5% yearly yield paid monthly in cash.
The entire structure depended on one thing: keep the price near $100.
If STRC dropped below $100, Strategy could raise the dividend to attract buyers back. That is why STRC stayed stable for months.
Now the system is cracking and STRC just dropped to $94.84.
But Why?
Three things hit at the same time
โข Bitcoin dumped toward $67K
โข Strategy sold Bitcoin for the first time in 4 years
โข Investors are now questioning how sustainable the dividends really are
The company sold 32 BTC worth $2.5 MILLION specifically to help fund STRC dividend payments.
That may sound small. But it completely breaks the never sell Bitcoin narrative Saylor built for years.
Markets are now pricing in the possibility that Strategy may eventually need to sell more BTC to support nearly $1.7 BILLION in yearly preferred dividend obligations.
At the same time, Strategy refused to raise the STRC dividend above 11.5% for the fourth straight month even as competitors started offering higher yields.
Strive is now offering 13% on a competing product. The entire trade now depends on one thing:
Bitcoin going higher.
Because if BTC keeps falling, pressure on the entire Strategy structure starts rising very fast.