Michael Saylor has publicly called STRC a high-yield bank account. Glenn Cameron reads the Moody’s classification document and the STRC prospectus — then lays out why the instrument’s legal structure doesn’t match how it’s been marketed to the retail investors who hold 83% of its shares.

Host:

Guest:

This clip is from a longer conversation on Strategy’s STRC preferred stock and its risks to retail investors. Full episode here.

New episodes every week — subscribe to catch it live.

Sponsor:

    • Fidelity: Fidelity has been building in crypto and DeFi since 2014 — now they’re hiring. Explore career opportunities at one of the most forward-thinking names in finance here.