Saylor has built a bond backed by bitcoin that pays 3x what treasuries pay.. and institutions are buying it without realizing what they’re actually holding let me break this down simply.. STRC is a share that always trades at $100 not roughly $100. exactly $100. saylor engineered this by using the dividend as a lever… price drops below $100 → raise the dividend → buyers rush in → price goes back to $100 price rises above $100 → lower the dividend → less attractive → price comes back down right now it’s at $100.01 and the machine is working the yield is the story you put $100 in. you get $11.50 back every year. paid monthly. a 10-year US treasury? $4.00/year on the same $100 same “safe” stable price. same $100 in, $100 out one is backed by government promises and one is backed by 720,000 $BTC saylor is offering you 3x the yield and better collateral why can’t institutions just buy bitcoin directly?...