Peter Schiff thinks Strategy executive chairman and co-founder Michael Saylor 
is misleading retirees. The outspoken economist fired off a warning on X, 
asking how the SEC could allow Saylor to publicly describe STRC as suitable 
for retired investors whose main goals are low-risk wealth preservation and 
steady income. Related Reading: Shiba Inu Bullish Momentum Explodes As Buying 
Pressure Intensifies Schiff called it a violation of SEC antifraud and 
marketing rules. Strategy has not publicly responded to the criticism. A 
Preferred Stock Built Around Bitcoin The debate comes as Strategy pulled in 
over $206 million through its STRC perpetual preferred stock program. 
According to data from Bitcoin Treasuries&#8217; ATM tracker on May 11, the company 
issued 2.12 million shares to generate those proceeds. At an average Bitcoin 
price of $81,471, that haul could buy roughly 2,536 BTC. The capital raise 
happened the same day Strategy announced it bought $43 million worth of 
Bitcoin — its first purchase after a one-week pause. The timing was no 
coincidence. STRC&#8217;s return to its $100 par value earlier in the session 
reopened the door for fresh share sales under the company&#8217;s at-the-money 
program. Trading volume told the story clearly. STRC recorded close to $445 
million in daily volume on May 11, with the stock barely moving — it ranged 
from $99.99 to $100.01. That kind of price stability was the green light the 
program needed. How STRC Works The stock&#8217;s structure was designed by Saylor 
himself. Reports indicate STRC is built to hold steady at $100 per share, with 
dividend payouts that shift depending on where the stock trades. When the 
price dips below par, yields go up to pull investors back in. When shares 
trade at or above the target, the company can cut the payout and redirect 
capital toward Bitcoin purchases. STRC currently yields 11.5% annually, with 
the next ex-dividend date set for May 15. STRC had already shown signs of 
recovery on May 8, when it closed at $99.99 and climbed back to $100 in after- 
hours trading. Volume that day topped $218 million — a signal the stock was 
regaining footing before Monday&#8217;s full rebound. Related Reading: Nearly 80% Of 
Bitcoin Supply Hasn’t Moved As Long-Term Holders Tighten Grip Schiff&#8217;s 
Challenge Draws Attention Schiff&#8217;s objection cuts to a basic question about 
who STRC is for. The preferred stock is linked, at least indirectly, to 
Strategy&#8217;s ongoing Bitcoin accumulation strategy, which carries its own risks. 
That tension — between the stock&#8217;s structured, fixed-price design and the 
volatile asset it funds — sits at the center of the dispute. Strategy has 
built a model around raising equity capital and using the proceeds to buy 
Bitcoin. The STRC program is one of several instruments the company uses to 
keep that cycle running. With Monday&#8217;s raise added in, the machine is moving 
again. Featured image from Shutterstock, chart from TradingView

Strategy Boosts Bitcoin Position With Fresh $206M STRC Injection

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Strategy Boosts Bitcoin Position With Fresh $206M STRC Injection

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