The actual numbers:
Total $STRC issuance (when valued at $100 par value): $9.9bn
USD position: $6.7bn
Yearly dividend obligations for $STRC: $1.2bn
Total spent on $STRC buybacks: ~0.5bn
Almost all the STRC fundraising was spent on purchasing bitcoin. The cash position didn't
By any measurable metric, the STRC venture has been an abject failure. It was created to bring "intelligent leverage" to MSTR holders and so far it has failed to provide any leverage at all. The cost to shareholders to build the USD reserve, pay divs obligations, and fund STRC
It's been amusing to witness @blockspace slowly pivot away from hyping ordinals to now hyping AI themed equities. They don't even have any references to bitcoin or blockchain in their bio anymore.
Can you believe a bunch of morons forked off to kill a fad that was already dead?
Dave is a very insecure and delusional man. Here's his BIP110 video he has since deleted. He calls himself 'the troajn horse of Bitcoin' while showing he can fake shoot a gun...the guy belongs in a mental institute...good riddance.