Saylor Selling BTC: Strategy Lifeline, or Betrayal?

MSTR down ~30% on the week. STRC's effective yield blown out past 15%. mNAV under 1. And Michael Saylor just authorized selling Bitcoin to cover preferred dividends — the one thing he swore he'd never do. On June 30, the day STRC resets to a 12% rate, we sit down with Scott Melker and Kaleo to break down whether this is disciplined capital management or the first real crack in the Bitcoin treasury model. HOST Camila Russo — Founder & CEO, The Defiant

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