Saturn Invests $18M in STRC Amid Criticism from Peter Schiff
- Saturn has acquired $18 million worth of STRC, increasing its total investment to $33 million.
- The preferred equity offering, STRC, offers an annual yield of approximately 11.5%, with monthly payouts.
- Strategy has amassed over 815,000 BTC, making it one of the largest corporate holders of Bitcoin.
- As of April 23, the STRC stock price was $99.60, slightly below the $100 par value.
- Peter Schiff criticized STRC on social media, labeling it as a “Ponzi scheme” and questioning its sustainability.
The recent investment by Saturn highlights growing interest in Michael Saylor’s STRC despite ongoing skepticism from figures like Peter Schiff, who raises concerns about the long-term viability of its yield structure.
With an annual yield of approximately 11.5%, STRC continues to attract significant capital even as it trades below par value at $99.60.(Source)
