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$STRC is a fixed income instrument created by @Strategy
The ticker trades on the NASDAQ exchange
The way it is designed is as follows:
$100 is the par price (target trading price)
It trades similar to a stablecoin, but with a little more volatility (currently 3% on 30-day)
The 11.5% dividend yield announced this month is based off the $100 share price
If you buy a share below that price you’re getting a higher yield, buying above it your yield is lower than the 11.5% offered
The company currently pays ~0.93¢ dividend per share monthly
Dividends are tax deferred since it’s treated as return of capital (ROC), so if you’re looking for cash flow you can use 100% of dividends received for the year free of tax
This instrument is created to provide low volatility exposure to Bitcoin
Ex-dividend date is usually around the 13th-15th of each month
Payout at the end of the month (Dividend payments may take a day or two to post depending on your broker)
Who is this instrument for? Well… anyone and anything:
Individuals
Corporations
Everything
If you’re someone who’s looking for a high yield monthly paying ticker, you might want to check $STRC out,
This strategy is fully based on the conviction that #Bitcoin is here to stay
If you don’t believe in it, you might need to do a little bit of homework on this new market!
That sums up the key points
Hope this helps

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