STRC

Saturn puts a solvency check on its Bitcoin-backed credit token Saturn Foundation (@saturn_credit) just launched a @chainlink NAV oracle for its sUSDat vault, fed by AccountableData's (@AccountableData) Proof of Solvency for the offchain STRC behind it. The feed gives independent third-party verifi

One interesting thing about APYX is that their backing makes them less like a STRC wrapper and more like a preferred equity / DAT backed fund. They can deploy when STRC / SATA is below par, and sell at par to increase net yield while reducing monthly exposure. Neat stuff

$BTC.d $MSTR $STRC Steady lads, adding more engines https://x.com/wild_randomness/status/2051792767127540208

Some updates on Microstrategy: > MSTR currently has a 6.1 month runway for their annual 1.7Bn pref dividend payments for STRC > This runway materially compressed after they deployed 1.38Bn to buy back it's 0% 2029 convertible notes at an 8% discount > There is a 800M gap to cover the pref dividend

Will see how open goes but if STRC closes today down on a btc sale then he’s selling one thing to bolster another and both went down

Won’t be the last. $STRC dividend is not sustainable. https://x.com/luckyxbt__/status/2061417275584843941