An 11.5% dividend on an asset that trades with a penny of volatility. Through financial engineering and the gravity of Bitcoin, Saylor may have found the formula for building a Bitcoin stack no rival can ever catch.
The novelty and sudden popularity of $STRC has critics going wild. One of the largest fraud-exposing channels on YouTube, Coffeezilla, just dropped an 18-minute exposé on the product.
Bitcoin teaches you to doubt anything that sounds too good to be true. But if Bitcoin keeps compounding at its historical CAGR, Saylor may have just unlocked the most powerful Bitcoin accumulation machine in history.
Other top stories from the week include:
The debate over freezing Satoshi’s coins heats up.
Congresswoman makes largest recorded Bitcoin purchase for US politician.
A full Bitcoin node on your phone is closer than you think.
Latest News
Adoption
Breez SDK introduces “Stable Balance,” letting users hold funds in USD while seamlessly paying with Bitcoin through automatic conversion between sats and dollars.
Utreexo plus Floresta bring full Bitcoin node validation to phones, letting Android users verify the network via their own Electrum server, without storing the full blockchain.
Jameson Lopp proposes BIP 361 to freeze quantum-vulnerable Bitcoin, including Satoshi-era wallets, sparking backlash from critics who warn of protocol overreach and unnecessary disruption.
Regulation
Kraken says criminal group is attempting extortion after insider access incidents exposed limited client data tied to about 2,000 accounts, adding systems were not breached and funds were never at risk.
Security researcher exposes large-scale counterfeit Ledger Nano S Plus operation distributing compromised devices with malicious hardware and software across platforms, designed to intercept transactions.
SEC signals relief for self-custody crypto interfaces, saying tools that only help users prepare transactions without executing, custodying, or recommending trades may not require broker-dealer registration.
Markets
Charles Schwab to launch direct bitcoin trading in coming weeks, competing with Robinhood, with assets held in-platform, no deposits or withdrawals yet, and fees set at 75 basis points per trade.
Lava unveils a card offering up to 5% back in bitcoin on every purchase anywhere Visa is accepted with no annual fee, replacing complex points systems with simple BTC rewards for long-term savings.
River introduces “Banking with Bitcoin,” offering 3.3% on cash paid in bitcoin, zero-fee bitcoin paychecks, bill pay with cash or bitcoin, and seamless in-app bitcoin purchases for users worldwide.
Treasury
MSTR proposes paying $STRC dividends semi-monthly, maintaining the 11.5% annual rate while reducing payout size, aiming to tighten price stability, dampen volatility, and improve ATM efficiency.
Nigel Farage purchases £2M of bitcoin for UK treasury firm Stack BTC, becoming the first sitting MP and first UK political party leader in history to publicly buy bitcoin.
Tether acquires 951 BTC, raising its total reported holdings to 97,141 BTC (valued at around $7.2B), continuing its strategy of allocating 15% of profits to Bitcoin and making it the fifth-largest Bitcoin wallet on-chain.
Mining
CleanSpark now has the highest short open interest among bitcoin mining companies, with roughly 34.9% of its float sold short, signaling strong bearish sentiment and potential for volatility or short squeeze.
Alcoa nears deal to sell idle Massena East smelter in New York to NYDIG, as power-rich industrial sites become prime targets for bitcoin mining and AI data centers across United States
Capriole flags shift of bitcoin miners toward AI revenue, warning of reduced bitcoin focus, while community pushback argues this pivot reflects optimal market behavior and strengthens mining economics.
Politics
Rep. Sheri Biggs discloses purchase of up to $250,000 in bitcoin exposure via iShares Bitcoin Trust (IBIT), among the largest bitcoin-related investments reported by a sitting member of Congress
Cato Institute criticizes US bitcoin tax treatment, arguing current rules impose excessive administrative burdens that make everyday BTC payments impractical for citizens, limiting its utility as a MoE.
Bitcoin Scholars Fund launches to redirect $21M in federal taxes into K–12 bitcoin education by 2027, offering 1:1 tax credits and using STRC treasury model to maximize classroom funding
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Bam’s 2 Sats
The Bitcoin Buy Wheel Keeps Spinning
This week, the S&P 500 and Nasdaq pushed to fresh highs, rebounding quickly from the war-driven dip as hopes of a resolution grew. Even so, broader sentiment remains muted, especially among prominent Bitcoin voices comparing today’s market to mid-2022.
That analogy keeps resurfacing, but one datapoint stands out in this bear market: Strategy’s relentless accumulation. After the 2021 peak, the frequency of its Bitcoin purchases fell sharply. This time, even with price down 40% from the ATH, MSTR’s buying is being supercharged by its newest preferred instrument, STRC.
A different kind of bear market
by Saylor
The week has closed, and STRC raised nearly $2 billion, with $1 billion reportedly absorbed in a single day. That puts Strategy on track to surpass 800,000 bitcoin once it reports this week’s purchases later today.
At that point, it could be holding more Bitcoin than BlackRock, or at least getting very close.
To put that in perspective, Strategy bought more bitcoin in a single day during the 2026 bear market than it did over the entire 2022 bear market, when it accumulated roughly 8,000 BTC despite much lower prices.
That alone shows this cycle is not 2022. The market may feel shaky, but the scale of capital flowing into bitcoin vehicles is on another level.
Why STRC is drawing scrutiny
by altcoin daily
Naturally, concerns are starting to rise. STRC is reaching more mainstream audiences, including critics like Coffeezilla, with some calling it “too good to be true” or even a ponzi if the yield depends on continued demand for increasingly diluted MSTR common stock.
That criticism is worth taking seriously, but it also helps to be precise. A preferred stock is not debt. It is equity. And that matters.
Even if Strategy currently has enough funds to cover dividends for more than a year, investors should remember the company retains significant discretion. It can adjust terms, influence yield dynamics, and, if needed, suspend dividends altogether.
So yes, the structure deserves scrutiny. But it should be evaluated on its actual mechanics, not dismissed through loose comparisons.
The real incentive
If your company is accumulating what may be the scarcest asset on earth, the rational move is likely to keep the machine running as long as possible. As long as bitcoin appreciates faster than the yield being paid, Strategy retains flexibility to realize gains, manage dividends, or dilute equity to sustain the system.
That’s the bigger point: Strategy is building a bitcoin buy flywheel. The bitcoin it accumulates is unlikely to return to the market voluntarily. The company would likely suspend dividends before selling meaningful amounts of its holdings.
Maybe there’s something to learn from that. Within our own means, the goal is the same: accumulate more bitcoin and part with it as rarely as possible.
- Bam
