Michael Saylor on new STRC stock: Creates an on-ramp for bitcoin believers without the volatility

• STRC is a new preferred stock from Strategy (MicroStrategy) offering a monthly dividend, currently ~11.5% annualized.
• It's designed as an 'on-ramp' for Bitcoin believers seeking long-term exposure without near-term volatility.
• STRC is over-collateralized by Bitcoin, with Saylor stating Bitcoin only needs to grow 2% annually for dividends to be paid indefinitely.
• The product aims to provide a liquid, double-digit yield credit instrument backed by Bitcoin, contrasting with illiquid private credit.

Michael Saylor introduces Strategy's new preferred stock, STRC, designed to offer Bitcoin exposure with reduced volatility and an 11.5% annualized dividend. He explains STRC strips the initial Bitcoin returns for credit investors, while equity holders (MSTR) take on higher volatility for excess performance, emphasizing Bitcoin's long-term growth potential.