Strategy The way to hoard Bitcoin has been almost completely blocked! In the past, they relied on high premiums to issue stocks and low-cost convertible bonds to raise funds wildly, then used the money to go all-in on BTC, basically the model player for sitting back and accumulating coins.

Now the good days are directly over, and the financing window is basically sealed shut. Ordinary shares are stuck at mNAV valuation and can't be issued freely, and convertible bonds have also been halted, leaving STRC as the only lifeline for financing.
The key point is that STRC ranks at the bottom, behind convertible bonds and preferred stocks, with maximum risk, and can only offer a super high return of 11.5% to attract capital to take over.
In simple terms, they would rather pay high financing costs and stubbornly hold onto BTC, biting the bullet and borrowing at high interest to continue accumulating coins, while dragging out time to buffer the huge debt pressure due in 2028.
It's a classic case of borrowing money to hoard coins, patching one wall with another, stubbornly refusing to step down—this obsession is truly unmatched! #Gate广场五月交易分享 #美国4月CPI上涨3.8% #Polymarket每日热点 $BTC $BILL