STRC CRASHES TO $82 | Is THIS The End for Michael Saylor & MicroStrategy? | Simply Originals

**Rustin** (0:00)
What is going on with Strategy and STRC?
Look at this! STRC has splattered against the pavement, falling as low as 82 bucks. Bitcoin took a baseball bet to the kneecaps as well, now sitting at 64,000. And it's not looking good. Sentiment is at arguably its worst point in history. So is this it? Is the FTX of this cycle, Saylor and MicroStrategy? Is STRC going to unravel, bringing down Strategy and Bitcoin with it? That's what the bears believe, and they're dancing in the streets right now. Well, we don't take kindly to people dancing in the streets while the building is on fire, and neither does Gigachat. He has responded in typical Saylor fashion, and he made some good points, like they run the headline about MicroStrategy losing 16 billion, but they forget to mention they were a $250 million company before they adopted the Bitcoin strategy and climbed as high as 80 billion at the peak.
So, are the media and markets running an inside job in an attempt to force Saylor to sell his Bitcoin? Or are we par for the course? The four-year cycle is right on schedule, and yeah, Kevin Warsh gave you the hawkish act, but we'll reveal why. That's just what it sounds like before it does cry.
Stick with us to the finish. We're coming at it from both angles. What's the bull case here? Not just for Bitcoin, but for Saylor and Strategy. I want you to think to yourself, what if 59k or a little lower is the new 3k or 16k? That's why Citibank is calling for 180k Bitcoin by the end of this year because they see the same setup. What is the bear case? What could go wrong? How bad could it get? And also the one thing that can save Saylor, STRC and MicroStrategy, and it could be just around the corner. Welcome back. I'm Rustin, and we got an insane show to get to.
Oh yeah.

**Michael Saylor** (2:14)
I just don't see how it could be... By the way, how much Bitcoin has BlackRock sold in the past three months?
Like, do you know for every Bitcoin we sold, other actors in the market have sold 1,000, right? 1,000X, actually 2,000X. So in the middle of a bear market, Bitcoin crashed from 120,000 to 60,000, and we sold 32 Bitcoin in the same time we bought about 250,000 Bitcoin. So in the middle of the bear market, we have bought net 250,000 Bitcoin or something. In what way are we at systemic risk?
Right? Right? In fact, we're the ones that are keeping the market from crashing more. We're the biggest buyer of Bitcoin this year. So we're not a risk to the market. We're actually a shock absorber to the market. Our equity and our credit is keeping Bitcoin from crashing from 120,000 to 30,000. Right? If we weren't here in the market, you would see, what do you think would happen if we basically sold 250,000 Bitcoin right now to the other investors? If we had actually dumped 250,000 Bitcoin, the people that dumped 75,000 Bitcoin out of BlackRock would have sold another 75,000. And the market would be sitting at 20,000. And so, no, we're not a systemic risk. We're a systemic source of power and robustness.
We're a supporting structure for the market right now. Our company is damping the volatility and creating the liquidity, holding the price.
We spent $64 billion in five years. What if we hadn't spent $64 billion? If we hadn't spent the $64 billion, you think the people at the ETFs would have spent $100 billion?

**Rustin** (4:19)
All right, existential risk or systemic source of power and robustness. Let's get into it. And if you're new here, don't forget to click that subscribe button so I don't end up living in a box under the overpass. We appreciate your support.
Especially in the trenches, which is where we are, down in a hole. Before we go further down the spiral, let's get into the bearish case for Strategy and Saylor. And don't worry, stay until the end, pay the like toll, and you'll get your happy ending. But the bearish case, it's been a rough month for strategy holders. Down 32%, many jump in ship and many still believe. Michael Saylor's Bitcoin-backed preferred stock, STRC, has plummeted to 85 bucks, one as low as 82, its lowest level in history. It's being alleged on X that the company is expected to be forced to sell several million more Bitcoin in the coming days to avoid quote margin calls. Many speculate that maybe Saylor should have used Mythos instead of GPT. Okay, but in all seriousness, how bad could it get? First, let's look at the price, then a little bit on the legal front. Bear Point 1, stretch has broken. Allegedly, STRC, the iPhone moment for Strategy, the product Saylor said he'd sell to his grandmother. It's at $80 something, par is $100. And here's kind of what the bears say says everything. Saylor has raised the dividend on this thing seven times trying to hold the peg, seven raises. You know what it means when you have to keep raising the rate to keep people in? It means they're leaving and every rate raise costs more to run the whole machine. Bear Point 2, the market is calling this junk, not figuratively. Standard and Poor's officially rated strategy, non-investment grade. But come on, we know Moody's, the people who work there, they can't even see.