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Strategy CEO Phong Le Says He Bought $250,000 of STRC Instead of Paying Down Mortgage
Strategy CEO Phong Le said he bought $250,000 of STRC last week and compared its variable 11.5% annualized dividend with his 1.75% mortgage rate. Le said STRC could fit people with mortgage, utility, or car bills. Strategy’s STRC page says dividends can be suspended, the dividend rate can be adjusted, and principal repayment is not guaranteed.