in 2000, @saylor was the laughing stock of wall street after losing $6B of investors money.
but he didn’t quit.
he spent the next 26 years of his life retard maxxing and found a new way to run it back and achieve an even bigger loss of investors money.
inspirational 💯
STRC is at $95.20 right now. That matters, and here’s why.
This is the security Saylor sells as stable, trades near $100. But it doesn’t sit near $100 by magic. $95.20 is right down in the zone where, by their own framework, management says they’d recommend cranking the dividend back up to drag the price toward par again.
So let’s talk about that mechanism, because anyone holding this stuff really needs to understand it. It’s called “the ratchet.”
When STRC slips below par, the only real lever they’ve got is the dividend. Fatten the yield, pull buyers back in, nudge the price back toward $100. Sounds clever. Here’s the problem. Every crank is basically permanent. You can’t quietly un-raise a dividend, because the price will drop, and you’re back at square one. So the annual cash bill just keeps climbing. And it’s already been hiked seven times since launch. 9% all the way to 11.5%.
Now ask where the cash for that growing bill comes from. They don’t make money from operations. So it comes from one of two places: issuing more stock, or selling Bitcoin.
See the trap? Price falls, they hike the dividend to defend par, the bill grows, bigger bill means more pressure to issue or sell. In a real downturn that’s not a flywheel. It’s a whirlpool.
And now watch the words, because this is where it gets Orwellian. Saylor used to say “I’ll never sell Bitcoin.” Full stop. Now it’s “I’ll never be a net seller.” Spot the move?
Net seller means he can absolutely sell. He just has to buy more than he sells, BUT AND HERE IS THE IMPORTANT BIT, Oney whatever period he decides to measure, which could be over the last 5 years, or the next twenty.
So the promise already got quietly reworded once to fit what they’re actually doing. The question is simple: does he hold even this watered-down version? Or do we get the next rewrite, where “net seller” becomes some fresh phrase that conveniently fits whatever the structure forces on them that month? We’ve seen this film before. The words keep changing to match the situation.
And here’s the kicker. Even the dividend hike isn’t a promise. It’s a “framework” where management says they’ll recommend a raise, subject to the board, and they can suspend or change it whenever they want. Saylor said it himself about the $100 peg: no legal obligation under the security, it’s just the company’s “number one business objective.” An objective. Not a guarantee.
Look, if you’re going to put money you worked hard for into these perpetual preferreds, at least understand what you’re actually holding. I wrote a full 78-page report breaking down the real risks of these things in proper detail. It’s linked in the first comment below. Read it before you buy, not after. Read the full length report. These are your savings, money you worked hard for.
Albanians just showed the world how it's done.
The government was selling off prime coastal land and protected islands to Jared Kushner and linked investors for a massive luxury resort turning public beaches and nature reserves into private playgrounds for the ultra-rich. The people said: HELL NO. Thousands poured into the streets under “Albania Is Not For Sale.” Protests turned fiery. They stormed government buildings and burnt down the Prime Minister’s house. This isn’t just about a deal. It’s about sovereignty. It’s about refusing to let your country be auctioned off to foreign billionaires while locals lose access to their own coastline. When elites sell the nation’s future for kickbacks and luxury resorts, the people have every right to push back hard. Respect to the Albanians for refusing to be colonized by cash. Other countries should be taking notes.
BREAKING: Kuwait International Airport authorities have released CCTV footage that they say shows a Shahed-136 one-way attack drone launched by the IRGC Aerospace Force striking Terminal 1 of the airport.
Some officials of the Islamic regime are now claiming the attack was carried out in retaliation for a U.S. Army ballistic missile strike launched from Kuwait during the opening week of Operation Epic Fury. That strike hit Bushehr International Airport in southwestern Iran, destroying the passenger terminal and Iran Air Airbus A319-111 EP-IEP.
Unlike the U.S. Army strike at Bushehr airport, the IRGC's Strike at Kuwait airport resulted in death of at-least one civilian and injuries in some others.
#OperationEpicFury
🚨 Sam Altman warns OpenAi and Anthropic are experiencing severe pullback on Ai spending as companies put significant restraints on spending to restrict costs. The company warns investors it’s the first time this has happened in Ai and something we never expected. The buildout costs aren’t sustainable to allow profitability to hyperscalers or end users.
$soxx $dram
BREAKING: The US House of Representatives has voted to restrict President Trump’s ability to continue the Iran War without congressional approval.
The measure passed in a 215 to 208 vote, with four Republicans joining Democrats in support.
Jennifer Welch: “Boycott every fucking thing on CBS News. From the morning all the way through to the evening. These are the same people that fired Stephen Colbert because Trump got his feelings hurt by a comedian. These people are the biggest bunch of pussies that masquerade with these grandstanding letters like they’re such badasses. These people don’t care about the truth, they don’t care about journalism, they don’t care about the Constitution, they don’t care about a free press. It’s just absolutely devastating what these oligarchs have done to our country”