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$STRC just traded below $89.50. That means that risk-averse retirees whom @Saylor convinced to buy last month are already down over 10.5%, almost an entire year's 11.5% yield. Worse, to bail them out, $MSTR will have to raise the yield to 13%, destroying more shareholder value. STRC closed at $89. Investors who paid $100 last month are down 11%. The current yield for new buyers is 12.92%. If Saylor raises the yield to 13%, he will have to sell even more MSTR at bigger discounts to fund it. If he doesn't raise the yield, the STRC price will keep falling.
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