CZ on Strategy: The asset structure is too complex, but he believes Michael Saylor is a “staunch Bitcoin supporter.”

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June 29 news, CZ stated in an interview that Strategy's preferred stock STRC structure is "too complex" and said it "took many tries to understand STRC." The product relies on Bitcoin as underlying collateral, which introduces a structural contradiction: Bitcoin's long-term appreciation theory may be reasonable, but its volatility makes it a challenging foundation for leveraged instruments.
CZ also emphasized that he does not evaluate the credibility of its founder Michael Saylor, describing him as a "staunch Bitcoin supporter."
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