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Saylor: Strategy Bitcoin Credit Model Is Not a Ponzi Scheme
Techub News reports, according to bitcoinist.com, that Michael Saylor defends the Strategy Bitcoin credit model, rebutting criticisms that the STRC dividend structure is similar to a Ponzi scheme. Saylor states that this model is based on profits from Bitcoin capital appreciation, rather than relying on equity financing, and clarifies that “never selling” means “not being a net seller,” with the company holding approximately $65 billion in assets to cover dividends. In response to critics like Peter Schiff questioning the company’s sale of Bitcoin to pay dividends, Saylor compares this structure to real estate development: purchasing assets through credit financing, then selling or refinancing for profit after appreciation. He emphasizes that Strategy issues credit to buy Bitcoin, expecting asset appreciation to exceed dividend costs, which is different from a Ponzi scheme.