Michael Saylor is up to something new again! This time, he's introducing Bitcoin perpetual preferred shares with a dividend mechanism—code-named STRK.
A combination of traditional equity financing and the crypto world? Sounds wild. Not sure if this approach can actually be implemented or if it's just another hype concept. Let's wait and see.
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LiquidatedAgain
· 12h ago
Yet another guy who got liquidated speaking from experience: Saylor’s combo of perps + dividends looks super creative, but who’s going to control the loan-to-value ratio? Last time, I got liquidated because of that kind of fancy setup.
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Honestly, preferred stock dividends sound great, but who’s calculated the liquidation risk? I’ll bet five Bitcoin there’s definitely a trap in the liquidation price here.
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Another concept, another fundraising angle... My painful lesson taught me to first look at the collateral and borrowing rates, then consider going in.
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Perps + preferred stock? That’s just making leverage even more hidden. Last time I went all in thinking like that, and I’m still averaging down.
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Where’s the risk control point set? Without that data, I really don’t dare touch it. Once the liquidation mechanism triggers, it’s a bloodbath.
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Saylor’s coming up with new tricks again, for sure, but I’ve learned my lesson—preferred stock is one thing, forced liquidation is another, you have to look at both.
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If this strategy actually goes live, will the borrowing rate be even crazier than Lido’s now? We’ll see, but for now, my wallet’s staying put.
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BTCWaveRider
· 12-05 12:25
Saylor really can't sit still, always up to something.
Speaking of perpetual preferred shares plus dividends... it's hard to say if this combo will actually work. Honestly, I'm a bit confused.
It's all about concepts and innovation again. In the end, will it just turn into another big show of fleecing retail investors? Well... let's wait and see.
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GasFeeCrier
· 12-03 09:50
Saylor really can't sit still, always coming up with new tricks. Perpetual preferred shares with dividends? To put it plainly, it's still a way for MicroStrategy to raise money, just under a new name: STRK. With so many people in the Bitcoin community following the trend, who knows if this will turn out to be another feast for the bagholders in the end.
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ChainChef
· 12-03 09:43
nah tbh this recipe's looking half-baked rn... perpetual preferred stock with divvy mechanics? feels like saylor's throwing everything at the wall to see what sticks lol. the market appetite for this blend is... questionable
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Degen4Breakfast
· 12-03 09:28
Saylor really can’t stop, can he? He has to come up with something new every time.
Michael Saylor is up to something new again! This time, he's introducing Bitcoin perpetual preferred shares with a dividend mechanism—code-named STRK.
A combination of traditional equity financing and the crypto world? Sounds wild. Not sure if this approach can actually be implemented or if it's just another hype concept. Let's wait and see.