Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
Well, I guess none of you have heard yet about the latest product Strategy is about to launch.
Strategy's Stretch STRC Perpetual Preferred Stock IPO Backed by Bitcoin
Basically it is a product that is going to pay dividends on a monthly basis, so I am sure it will slowly eat into the market for REITs, savings accounts and other products that usually pay crap interest compared to the 10% per annum it is going to pay initially although the dividend will be variable and what they will try to achieve is that the share price is always around $100.
Strategy's Stretch STRC Perpetual Preferred Stock IPO Backed by Bitcoin
Basically it is a product that is going to pay dividends on a monthly basis, so I am sure it will slowly eat into the market for REITs, savings accounts and other products that usually pay crap interest compared to the 10% per annum it is going to pay initially although the dividend will be variable and what they will try to achieve is that the share price is always around $100.