Solstice (@solsticefi): What Actually Is STRC
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What Actually Is STRC What is STRC, actually? It's preferred equity from Strategy with a $100 par value that works like a soft peg: the price floats underneath it, and the dividend is what pulls it back. @phtevenstrong covers what's changed lately, including the reserve now backing years of payouts and the rule that it can only be spent on dividends and buybacks.