CryptoBearishBlockonomi · Jun 267/10
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Michael Saylor’s Strategy Enters a Dangerous Feedback Loop as STRC Cracks and Bitcoin Falls
MicroStrategy's Bitcoin-backed dividend strategy faces mounting pressure as annual STRC obligations balloon from $300M to $1.2B, while cash reserves have declined 38% since early 2026, leaving only ten months of runway. The company's first direct Bitcoin sale signals exhaustion of its primary funding mechanisms, with outstanding STRC obligations now exceeding $10B and ranking above MSTR equity value.
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