Saylor's STRC was criticized by peers for insufficient risk disclosure. Is the Bitcoin reserve company model truly sustainable?

Bitcoin Policy UK CEO Susie Ward stated at the BTC Prague conference that Strategy Executive Chairman Michael Saylor did not fully disclose the associated risks when promoting its perpetual preferred stock product STRC, and criticized his portrayal of the product as nearly "risk-free" as an dishonest practice. Ward believes that Strategy's model of financing through issuing stocks or preferred shares and continuously buying Bitcoin involves equity dilution and financial leverage risks, which contradicts the core idea of Bitcoin's scarcity. She also expressed skepticism about the emerging Bitcoin reserve company model in recent years, believing that some companies leveraging capital markets to buy Bitcoin may pose higher risks. (The Block)