The Gap Between Saylor's Pitch and the Prospectus

Description

Glenn Cameron of Onramp Bitcoin unpacks how Strategy's STRC is sold versus what it actually is: unrated, junior, perpetual preferred equity with a board-discretion dividend and no lien on the underlying Bitcoin. He walks through the ratings reality, what "suspending the dividend" really does to holders, and what happens to the whole structure if Bitcoin keeps falling. _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!