Given the poor performances for STRC, they raised annual yield by 100 bps.
Poor performances?
It may be a poor return for what was expected, but a security that was launched
on July 29 for $90, which in just over a month, with little volatility as it is August, is trading at almost $98, I would not call a poor return. That return within the markets it is trying to compete with, such as coupon-paying bonds or stable companies that pay dividends, is huge, massive.
What I think Saylor wants to do is accelerate the arrival of the price at $100 because from there on, everything that goes up will be sold in STRC ATMs to replace MSTR ATMs.
Exactly.
I mean poor performance is the fact that it didn’t reach 100, as this would be considered a “neutral” level that wouldn’t impact on the life cycle of the stock.
This quarter the performance wasn’t good, so Strategy raised their Dividend Yield target, that’s it.