Michael Saylor’s bitcoin accumulation software firm has drawn some shadowy attention lately. The modest 32 BTC dump at May’s close barely ripples the surface while Stretch Preferred Stock (STRC) slips far under its $100 par through that nonstop share offering program.
Markets are closed today.
Volatility is never easy.
Bitcoin keeps working.
So do we.
Thank you for your support.— Michael Saylor (@saylor) June 19, 2026
Even as execs push reassurance that dividend cash sits ready and control remains firm popular voices stay doubtful. Peter Schiff already labeled STRC a Ponzi scheme yet fresh doubts swirl around leverage exits.
Ominous Whispers of Dumping 50,000 BTC 💀
Tension spiked hard this week when STRC tanked with Strive CEO Matt Cole pinning the move on leveraged exits instead of any core weakness. Analyst Kaleo with over 700,000 X followers flagged that selling 50,000 or more BTC over the next two years might become the only path forward.
Shadows Echoing an FTX Style Implosion 🌑
Comparisons surfaced to the 2022 FTX meltdown though differences stand clear since no customer funds face direct trading here. The setup still boils down to deploying investor capital for more bitcoin in hopes of an eventual rally. Kaleo noted nobody foresaw FTX’s rapid fall just as few predicted BTC sliding near $16,000 and large forced sales could drag prices to multi year lows. 🖤
Just another echo from the void by iconofsin.eth 💖
