Strategy's STRC preferred stock offering 11.5% yield tied to 843,738 BTC sparks Bitcoin sovereignty debate

• STRC preferred stock offers an 11.5% annualized yield as of May 2026

• The security is backed by 843,738 BTC held by Strategy

• Critics argue STRC introduces counterparty risk and centralizes Bitcoin exposure, calling it a 'bait and switch'

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