Saylor Has Seven Days to Salvage STRC Product
CryptoSlate reports ongoing buyback costs as the yield product trades below target.
TLDR
The CryptoSlate post states Strategy spent $635.2M to support STRC near $100, but the token trades near $97 with $364.8M left in buyback funds. It raises whether investors will back STRC at par without Strategy's purchases by Sept. 8. The linked article says Saylor has seven days to finish the rescue of the $10 billion Bitcoin yield product before the market tests its survival on its own as costs spiral.
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