{"id":73359,"date":"2026-05-31T20:42:45","date_gmt":"2026-05-31T20:42:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/strategy-strc-pays-farmers-father-11-5-yield-critics-call-it-a-bitcoin-bait-and-switch\/"},"modified":"2026-05-31T20:42:45","modified_gmt":"2026-05-31T20:42:45","slug":"strategy-strc-pays-farmers-father-11-5-yield-critics-call-it-a-bitcoin-bait-and-switch","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/strategy-strc-pays-farmers-father-11-5-yield-critics-call-it-a-bitcoin-bait-and-switch\/","title":{"rendered":"Strategy STRC Pays Farmer&#8217;s Father 11.5% Yield, Critics Call It a Bitcoin Bait and Switch"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A farmer\u2019s son shared how his dad earns an 11.5% annualized yield through Strategy\u2019s STRC preferred stock tied to 843,738 BTC.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Critics like Glenn Cameron warn STRC trades Bitcoin sovereignty for counterparty risk to a sub-investment grade company.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Strategy holds a June 8 vote on more frequent dividends, while a 411 BTC Coinbase Prime transfer sparked brief sell fears.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Dad Earns 11.5% on Strategy STRC Shares<\/h2>\n<p>The <a href=\"https:\/\/x.com\/monster_models\/status\/2060795992757424276?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">post<\/a> spread quickly across <span>crypto<\/span> social media this weekend. The son described calling his father after the man noticed the new shares in his brokerage account. His father\u2019s reaction was simple and direct.<\/p>\n<p>\u201cI\u2019ve never been paid this kind of money just for someone else to hold my money,\u201d the father said. \u201cI mean, someone is always holding it, the bank, the man in the moon, the cow next door, whatever. But nothing like 11 or 12%!\u201d<\/p>\n<p>The father, who comes from a farming background, received his returns through Strategy\u2019s STRC preferred stock, a security currently listed by the company at 11.5% annualized as of May 2026. Strategy sells STRC shares at a $100 stated amount and pays cumulative cash dividends monthly, when and if declared by the board.<\/p>\n<p>The son explained the product to his father using an agricultural metaphor: farmland that generates crops each season regardless of land prices, with reinvested proceeds buying more acres and expanding future output. It was a frame built around income compounding, not <span>Bitcoin<\/span> theory.<\/p>\n<p>\u201cWhatever the market price of farmland in your county happens to be that day, week, or month, your land still grows the same number of crops,\u201d he wrote. \u201cIf farmland prices happen to be down, reinvesting your crop proceeds lets you accumulate farmland even faster.\u201d<\/p>\n<p>The post drew a significant response, with many congratulating the son, who goes by the name of Mocha on X. \u201cYou\u2019re the man, Mocha. Every update you give us on how excited your dad is about this instrument makes me happy. My dad uses STRC as a high yield savings account and reinvest back into more shares,\u201d the X account dubbed <span>BTC<\/span> Strategist <a href=\"https:\/\/x.com\/_BTCStrategist\/status\/2060810703032971641?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">wrote<\/a> in reply to Mocha\u2019s post.<\/p>\n<h2> <span>Bitcoin<\/span> Purists Push Back Hard<\/h2>\n<p>Most of the replies to Mocha\u2019s post leaned positive. At the same time, a cluster of critical STRC posts was making the rounds on X around the same timeframe. Glenn Cameron, global head of Onramp Institutional, <a href=\"https:\/\/x.com\/GlennOnrampBTC\/status\/2060751876434313698?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">argued<\/a> in an X thread that STRC caters to the very impulse <span>bitcoin<\/span> was built to extinguish.<\/p>\n<p>\u201cBitcoiners spent a decade preaching low time preference,\u201d Cameron wrote. \u201cThen Saylor offered them 11.5%, and they forgot every word of it.\u201d He added that holders hand over sovereignty, take on counterparty risk to a single sub-investment grade company, cap their <span>bitcoin<\/span> upside at a coupon, and hold what he called a \u201ccentralised, dilutable, freezable corporate IOU.\u201d<\/p>\n<p>Cameron called it a bait and switch, saying Saylor \u201cworked out you can sell sound money people a fiat instrument as long as you wrap it in orange.\u201d Upstream Data founder and CEO Steve Barbour also commented on STRC. \u201cSaylor can\u2019t sell a substantial portion of his <span>bitcoin<\/span> without tanking the price. Networks are meant to be distributed. <span>Liquidity<\/span> comes from distribution. Saylor has done nothing to promote distribution. Strategy is a shitcoin,\u201d Barbour <a href=\"https:\/\/x.com\/SGBarbour\/status\/2060345760580075705?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">said<\/a>.<\/p>\n<p>Others pushed back. X account Bit Paine <a href=\"https:\/\/x.com\/BitPaine\/status\/2060381507190181932?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">responded<\/a> to Barbour\u2019s criticism that Strategy centralizes <span>bitcoin<\/span> by arguing that Saylor has done more to bring <span>bitcoin<\/span> to ordinary capital pools than almost anyone.<\/p>\n<p>\u201cPeople who own STRC are, without knowing it, using <span>BTC<\/span> to save, but at a risk profile that is acceptable to them,\u201d Bit Paine wrote. \u201cHe is opening up <span>bitcoin<\/span> to people and pools of capital that previously could not access it.\u201d<\/p>\n<p>Another STRC\/Strategy fan, X user MarylandHODL, <a href=\"https:\/\/x.com\/MarylandHODL21\/status\/2060809443059655157?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">framed<\/a> STRC as a potential bridge for the majority of people who will never self-custody. The X account stated:<\/p>\n<blockquote>\n<p>\u201cMillions of people will never self custody <span>bitcoin<\/span>. Millions more will never understand <span>private keys<\/span>, mining, or monetary theory. If that bridge scales to tens of millions of people, the implications extend far beyond a single security. At that point, <span>bitcoin<\/span> stops being an asset class and starts becoming financial infrastructure.\u201d<\/p>\n<\/blockquote>\n<h2>How STRC Works and What Traders Are Watching<\/h2>\n<p>Strategy itself describes its securities as offering \u201cvarying degrees of economic exposure to <span>bitcoin<\/span>.\u201d The company\u2019s STRC IPO in July 2025 raised about $2.47 billion in net proceeds. More recently, it issued another $2 billion notional of STRC, using the proceeds to buy 24,869 <span>bitcoin<\/span>. As of May 25, 2026, Strategy <a href=\"https:\/\/news.bitcoin.com\/strategy-cuts-1-5b-in-convertible-debt-and-grows-bitcoin-holdings-to-843738-btc\/\">held<\/a> 843,738 <span>BTC<\/span>, worth roughly $62 billion.<\/p>\n<p>The product is not without risk. Strategy warns that dividends are not guaranteed, that there is no assurance of returns or <span>liquidity<\/span>, and that STRC is not FDIC insured, not a bank deposit, and not direct <span>bitcoin<\/span> ownership. Critics note the dividend depends on Strategy\u2019s continued ability to issue securities and maintain investor confidence. If STRC falls below par, new issuance becomes less attractive, which can pressure the same loop that funds <span>bitcoin<\/span> purchases.<\/p>\n<p>The debate grew louder alongside a separate development. On May 29, onchain trackers <a href=\"https:\/\/news.bitcoin.com\/strategy-moves-411-btc-coinbase-prime-polymarket-sell-odds-2026\/\">flagged<\/a> that Strategy moved 411.48 <span>BTC<\/span>, worth about $30.3 million, to Coinbase Prime. Later the same day, onchain data showed Strategy withdrawing approximately 411.5 <span>BTC<\/span> back. The round trip moved Polymarket odds that Strategy sells <span>bitcoin<\/span> before Dec. 31, 2026, to between 84% and 91%.<\/p>\n<h2>Polymarket Bets and the Upcoming Shareholder Vote<\/h2>\n<p>The Polymarket event tracking whether Strategy sells any <span>bitcoin<\/span> by several set dates has drawn $35.66 million in total <span>trading volume<\/span>, showing how much attention traders are paying to the question. Odds currently sit at 15% for a sale by May 31, 73% by June 30, and 90% by Dec. 31, 2026. With May almost over, several traders have \u201cYes\u201d shares for the month, with just over $8 million in <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a> logged.<\/p>\n<p><\/p>\n<p>In scale, the latest <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> transfer was minor. Strategy\u2019s 843,738 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> holding makes 411 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> roughly 0.049% of its treasury. But Strategy has leaned heavily on preferred stock financing and recently completed a $1.5 billion convertible debt repurchase, keeping traders alert to any signal that obligations could pressure the treasury.<\/p>\n<p>The company has a shareholder vote scheduled for June 8 on increasing dividend payment frequency. How that vote lands, and whether STRC can hold near its $100 par value, will say more about the product\u2019s future than any single brokerage email ever could.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/strategy-strc-pays-farmers-father-11-5-yield-critics-call-it-a-bitcoin-bait-and-switch\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways A farmer\u2019s son shared how his dad earns an 11.5% annualized yield through Strategy\u2019s STRC preferred stock tied to 843,738 BTC. Critics like Glenn Cameron warn STRC trades Bitcoin sovereignty for counterparty risk to a sub-investment grade company. Strategy holds a June 8 vote on more [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":73360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73359"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73359"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73360"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}