TechFlow News, June 16: According to The Block, Susie Ward, CEO of Bitcoin Policy UK, publicly criticized Strategy founder Michael Saylor’s promotional video for STRC during an interview at last week’s BTC Prague conference, calling it “dishonest” for failing to accurately disclose the product’s risk profile. STRC is a perpetual preferred stock offering an 11.25% dividend, and Strategy has been raising funds through its issuance to continuously purchase bitcoin.
Ward stated that although she is a staunch bitcoin supporter and a shareholder of Strategy, she remains cautious about the company’s model of accumulating bitcoin via leverage and equity dilution. She believes such practices tie bitcoin’s reputation to “fiat games,” with some projects resembling meme coin pump-and-dump schemes.
