Strategy 

this might be the best dividend fund to ever be created, let's see what happens in a few years

Its not as good as it sounds... Retail see higher rate of dividends and oose their brain... Dont get me wong I am big bag holder of Microstrategy common stocks, but this prefered stock isnt as good as you check every single point by point... First - current dividend yield is 11.5% if you not US holder you will get deducted witholding tax 30% or 15% depends on your country... best scenario 15% that gives 9.78% yield... you invest your money there share price tent to stay at 100$ so there will be no gains or losses (at least thats the plan) So you will get your money back in about 10years plus a principle... now whats can happen in these 10 years? If there is high demand of shares price will start climbing if Saylor wont issue new shares quick enough, at that point to stabilize price at 100$ they will reduce dividends.... same opposite if there will be no demand they will increase dividends to much higher levels until they will not be able to pay that out as it will put too much strain on their finances and might force to sell bitcoin itself which I believe is the least what Saylor would do. Second - STRC are preffered stock ant the last in the line to get money if everything goes wrong.. main debt providers will get paid first, senior stocks after, common stocks of strategy itself gets before STRC too so STRC are the last in line for whatever its left.... price can calapse to zero if there are too many sellers of it at once. There are many many other things behind that if you would read and research what that does and what it means not only whatching one person showing video on youtube, as from first view it does sound great... 11.5% gain in dividends its nothing if you get simple MSTR shares you ca make that within weeks in bull run and you could make hundreds of percentages within just one year on STRC you hold 10 years just to et your invested amount back... there is no guarantee that dividends wont be cut, or stopped to be paid, there are no guarantees there always will be liquidity to sell your shares, and no one guarantees you to buy them back. So you simply giving your money to Saylor so hi can buy more bitcoin in return for that small percentage of yield with no guarantees... Why not hold common Strategy stock and become the small owner of these Bitcoins held by Microstrategy? There are plenty of good investments out there where pays that level of dividends with some sort of security and underlying assets... I am not saying that its not nice to get these dividends monthly but risk for reward is much higer than elsewhere or simply by holding common strategy shares where risk is much smaller to loose your money but reward is very high... Good luck.. not trying to back you out of this its your decision and your preference, but just saying that you need to look into it more deep what it does and what risks it holds and not only after watching one guy on youtube jump all in it.

Another major point - STRC initially was offered only to institution buyers... now they decided to release to retail investor... once all institutions exits STRC and sells their shares to retail and Microstrategy will reach their target of 1million of BTC holdings what they state their target is, by that point most STRC holders will be Retail investors. Who stops Microstrategy board from lewering dividend yield to lower their cost ? Nobody they can do that at anytime. They can simply set dividend at 2% All retail would jump out selling STRC shares and making it to callapse to zero as there will be too many sellers and no buyers of it, and no one will be responsible for that becouse only you made decision to invest in it without researching dee enough what can happen in different scenarios... Good luck guys!!!!

It is very good strategy for Microstrategy to rise cheap cash to buy BTC, but its very bad decision for investors as it could simply be like piramid scheme where new issued shares could keep paying dividends for years to come but at some point that will end once retail have no more money to invest. :)

There is no real earnings to backp payouts, there are no other means of getting income to support the payouts only by selling more shares to pay existing STRC holders for that month.... You give me 100$ I will pay you 15% yield a year but there is no guarantess I will not lower that at some point once you given me that money there is no guarante I will stop paying completely and there is no guarante that I will buy these of you at any given time and there is no guarante someone else wishes to buy these of you :))) its just Saylor so smart creating unlimited money with no responsibility :) Why these previouse debts that they come up as great tool do not exist anymore? becouse these are debts and carry responsibilities so they will need to be repaid at some point but not STRC :))) be safe :)

welcome to the stock market, I say it's one of the greatest fund ever because your return vs the volitility is very minimal, any smart investor know not to put all their eggs in one basket, but no fund whether cover calls from JP Morgan or from neos guarantees they can keep paying dividends, it all comes with risk, even bonds come with risk, but all your points are valid.

yes but by buying common stocks you get into contract and hold some sort of assets, bils, notes, etc.etc. with STRC you hold nothing you simply lend money to Saylor for promise of yirld return thats all... Like I say I been investing in stock market for over 18 years now my portfiolio is well obove in 7 figures and I seend many scenarios in my joyrney over 17-18 years but this STRC makes me laugh the most out of what I seen :)

it's just like buying any other stock, you but it on the market, whether it goes down or up depend on many other factors, the issuer has no obligation to ensure you make a return on investment,this is the risk you take when you buy anything, I think the reason people find it so hard to comprehend and get behind is because it mainly stays at par value, if it traded like any other stock and fluctuated in price people would be more willing to trust the risk they could see, why buy crypto then, most have no use case like a stock of apple or Walmart, everything comes with risk, there is no such thing as a free lunch, being invested in the complete stock market does not mean either of us are invested in safer asset than the other person, it all comes down to diversification, I imagine the first covered call fund paying anything above the national interest rate was also looked at as too good to be true but things change and keeps changing, nobody can predict the market including if Bitcoin which this fund relies on, will go above 200k which if history has proven, is highly likely, when is a whole other story, but I do see where the skepticism comes from, I'm willing to see it for what it is, another stock on the market that pays good dividends that could go down or stay stable, nobody knows but we invest anyways because that's what investor do, on me thinking it's one of the greatest funds ever created, I still think it is simply because it does something that has not been done before which is likely where all the skepticism comes from, if it hasn't been done before a the only thing you can do is look at anything that is similar and how they turned out, however most of those comparisons were not over collateralized and backed by Bitcoin, the bottom line is, if you believe in Bitcoin, believe in STRC, if not stick to what you have conviction for, here ends my ted talk.

its not about what you believe in. everyone does believe in something there are people who believe in Gods and trees or cows or other creatures. Thing is STRC was created to get cheap funding there is no binding contract or responsibility. you as STRC shares holder do not have even a vote power to change the board if you don’t like how things are handled. any other stock or investment instrument carries sort of backup. by your examples of call options etc. company do hold assets depending on options they perform it could be cash holding or underlying assets, but all do hold something so you not buying thin air and have some backup. As I say i am not trying to put you off that decision I just wanted to warn you so you aware that it isn’t as good as it might look at first glance. every person makes a decision on it’s own I just wanted to share whats maybe was overlooked by someone it might continue paying forever and nothing goes wrong with it but reward to risk ratio plays a big role in investment journey where people forget to take into consideration as its one of major factors in choosing who to give your hard earned money.

Mazuts, 18 years of market experience should have taught you that the certificate of designations always beats forum speculation, and your analysis is contradicted by the documents themselves at several critical points. On the "2% dividend cut" scenario, this is contractually impossible, not a matter of trust. The certificate of designations imposes two hard limits: (1) the monthly rate cut cannot exceed 25 basis points plus any SOFR decline from the prior period, and (2) the rate can never fall below monthly SOFR. Going from today's 11.50% to 2% would require SOFR to first drop below 2% (a Fed decision, not Saylor's), then roughly 38 consecutive monthly cuts at the maximum allowed pace. Over three years, minimum. And no cut is permitted at all unless accumulated dividends have been paid in full. This isn't discretion, it's binding contract language. On the liquidation hierarchy, STRC is not "last in line." The actual order is: debt (~$8.25B in convertibles) → STRF (senior preferred) → STRC → STRK, STRE, STRD (junior preferreds) → Class A and B common stock. STRC sits above four other equity classes and receives full par value plus accrued dividends before any common stockholder receives a cent. On voting rights, STRC does have limited voting rights on matters that materially affect the instrument. This isn't theoretical: the 2026 Preliminary Proxy Statement confirms that STRC holders have a separate series vote on Proposal 5 (the amendment to the STRC certificate of designations changing dividend payment cadence), in addition to the required Common Stock approval. That's exactly why the strategy.com/strc/vote portal exists. STRC holders don't vote on director elections or general corporate matters, preferred stock almost never does, but the protection on changes to their own terms is real and currently being exercised. On the "pyramid scheme" framing, pyramids don't have contractual put rights or underlying assets. STRC holders have a fundamental change repurchase right at stated amount plus accrued dividends, written into the certificate of designations. Strategy's Bitcoin holdings provide economic coverage (not legal collateral, but economic coverage) that dwarfs the preferred stack by an order of magnitude. You can debate whether that coverage is adequate, you cannot honestly call it nothing. On "institutional first, retail later", STRC has been an ATM offering through 19 investment banks since July 29, 2025. There was no institutional-only phase for institutions to "exit from." That narrative is invented. The real risks of STRC are worth discussing: MSTR losing access to equity markets if its premium-to-NAV collapses, a prolonged Bitcoin drawdown eroding practical coverage over years, or future capital raises that subordinate STRC to new senior tranches. Those are substantive concerns rooted in the actual structure. The "Saylor will just cut the dividend to 2% and it'll collapse to zero" story isn't skepticism, it's a scenario the prospectus directly rules out by contract. Reading the 424B5 and the proxy statement before playing harbinger of doom would have saved you the comments.

you should properly learn to use or ask for from chatGpt before posting information gathered from it. Anyways happy investing I am not here to argue, just warned and some might take it seriously. 🤞

Used AI for the English, yeah. The facts are from Strategy's own SEC filings, 424B5 and the 2026 proxy. You haven't refuted one. Easier to throw "ChatGPT" than open the prospectus. 🤡 Good luck...

what makes it so good?

go to YouTube and search Adam Livingston "STRC" he explains it better than I ever could