đSaylor's new strategy to buy BTC
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GM friends.
Hereâs what Iâll cover today:
đSaylorâs new strategy to buy BTC
đ Crypto chart of the week
đď¸ The latest DeFi news
đSaylorâs new strategy to buy BTC
BTC has performed pretty well over the past few weeks.
Yes, it has now retraced from $74,000 to $69,000. But overall, it has still performed better than stocks and gold on most days since the USâIran war started.
I think one key reason for that is the massive recent buying pressure from Strategy.
In the last 19 days alone, Strategy, the largest Bitcoin Treasury company led by Michael Saylor, bought over $3 billion worth of BTC.
And March 2026 is now on track to be the month with the largest increase in the amount of BTC bought by Strategy through STRC since it launched.
STRC is Michael Saylorâs latest financial experiment, funding Strategyâs recent major BTC buying spree. I believe it played a big role in BTCâs relative outperformance.
Iâll explain how it works belowđ
What exactly is STRC?
STRC is a perpetual preferred stock launched by Strategy that pays high monthly dividends while targeting to maintain a stable price of $100.
In some ways, it is like a yield-bearing stablecoin with an 11.5% APY.
That said, as Iâll explain, it definitely comes with risks.
When you buy STRC, itâs like youâre lending money to Saylorâs Strategy.
With the money raised via STRC, the company is buying more BTC. The recent surge in demand for STRC is why Strategy has been able to buy so much BTC lately.
How does it work under the hood?
As I said earlier, STRC targets a stable price of $100.
Everyone who holds it gets a monthly dividend.
When STRC trades above $100 due to high demand, Strategy can issue new STRC shares and sell them to raise more capital, which is then used to buy BTC.
When it trades below $100, Strategy can choose to increase its dividend to attract more buyers and restore its par price.
Initially, the monthly dividend for buying STRC was 9% annually. Now it is 11.5%.
So Strategy is basically paying people 11.5% to borrow their money and buy BTC. Where does all this money come from?
A big part of the answer is MSTR.
When MSTR stock trades at a premium to the value of its underlying Bitcoin holdings, Strategy can issue new MSTR shares and sell them for a profit.
That gives Strategy another source of capital, which supports the whole mechanism.
Initially, STRC was listed only on Nasdaq and on platforms like Robinhood.
But now there are also DeFi protocols like Apyx and Saturn that have brought a tokenized version of it on-chain, further increasing demand for it.
Is STRC actually sustainable?
Strategy has ~$2 billion in cash reserves that it can use to cover all the STRC dividend payments over the next 1-2 years.
So itâs very unlikely that Strategy will suddenly no longer be able to pay dividends to STRC holders at any point in the near future.
But a crucial thing to remember is that the STRC price isnât fixed at $100.
If you buy it at $100, youâre not guaranteed that youâll be able to sell it at $100 later, even though, so far, it has always returned to this price after short-term dips.
Yet if BTC stays in a prolonged bear market for several years, demand for STRC could decline, leading to a depeg.
Strategyâs financial model relies primarily on MSTR stock trading at a premium.
If the MSTR premium also disappears, Strategy loses one of its main ways to raise capital and may be unable to pay STRC dividends without selling BTC.
That could lead to some very bad situations for Strategy. So there are definitely risks.
But for now, STRC is clearly generating significant buy pressure for BTC.
If you hold BTC and were wondering why it has performed better than most asset classes lately, Michael Saylor is probably the guy you should thank:)
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Chart of the week
RWAsâ on-chain market cap has skyrocketed in 2026
Crypto meme of the weekđ
The latest developments in DeFi
BlackRock launched its staked Ethereum ETF
Fluid released the Fluid Lite USD Vault automating stablecoin yield strategies
Pendle launched limit order incentives offering up to 100% APR
S&P Dow Jones launched the first official S&P 500 perps market on Hyperliquid in partnership with trade[XYZ]
Tempo, the Stripe-backed blockchain for payments, launched its mainnet
Tangent introduced USG - a stablecoin backed by Curveâs LP tokens and Pendle PTs
Pump Fun became Solanaâs first dApp to generate $1 billion in revenue
Aave DAO is voting to cut its annual AAVE buyback budget from $50M to $30M
Pareto introduced Pareto Studio - an institutional platform for building and managing on-chain credit facilities
zkSync announced Cari Network - a zkSync-powered platform used by five U.S. banks to bring bank deposits onchain
Lido launched EarnETH & EarnUSD - two new vaults for stablecoin and ETH yield
Ethena reduced the sUSDe unstaking cooldown period to 1 day
Hinkal added support for private transactions on Solana
Opensea delayed its TGE and airdrop indefinitely
Katana launched its token KAT with a ve(3,3) tokenomics model
Aster launched its privacy-focused Layer 1 blockchain
Byreal introduced Byreal Perps powered by Hyperliquid
Thatâs all for this week!
Until next time,
The DeFi Investor
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