What $STRC would look like if there wasn’t an ATM @ $100.
$STRC is not a stable coin, it is an equity credit instrument, with high yield and liquidity.
The ATM turns demand > $100 into capital to buy Bitcoin.
Capping upside volatility in exchange for capital.
Win / win.
Strategy has a balance sheet built for war and the numbers prove it.
-$1.7 billion in annual dividend obligations that could be raised from the $MSTR ATM in a single week.
-$53 billion in Bitcoin reserves = 31 years of dividend coverage.
-$900 million in USD reserves = 6 months of dividend coverage.
$MSTR did over $1 trillion in volume in 2025 and has already done $300 billion in 2026.
The company is completely fine.
The rage baiters are just engagement farming.
Do not fall for it.
On the day of the largest nominal price crash in Bitcoin’s history, February 5th, STRC went to $93.67.
One day later it was back at $98.76.
Strategy has acquired 130,204 more Bitcoin since then.
Interesting stat amidst all the $STRC doom:
There’s roughly $162 Million in $STRC Short Interest.
That short interest is required to pay the dividend if they hold the short on the record date.
If some of this demand does not want to pay the dividend (11.5% APR + borrow), it is a forced buyer to close the position.
This is just one data point of all the players in this ecosystem.
Increasing dividend frequency improves the incentive structure.
If you’re panicking now, you’re likely:
1. Overexposed relative to your volatility tolerance.
2. Overleveraged.
3. Lacking conviction or understanding in bitcoin’s fundamentals (unchanged).