Bitcoin Policy UK CEO Calls MicroStrategy's Saylor 'Dishonest' Over STRC Risk Disclosure at BTC Prague

According to The Block, Bitcoin Policy UK CEO Susie Ward recently criticized MicroStrategy CEO Michael Saylor's promotion of STRC, a perpetual preferred share offering an 11.25% dividend, saying the video presentation was dishonest about the investment's risk profile. "It's the risk I'm uncomfortable with. I don't think the risk is explained," Ward said during an interview at last week's BTC Prague conference. "Saylor put out a video talking about his yield with STRC... it was making it out that there is no risk involved, and I thought it was really dishonest."

Ward expressed broader concerns about companies using share offerings to raise capital for bitcoin purchases, arguing the practice dilutes shareholders and contradicts bitcoin's core value proposition of scarcity. Strategy recently purchased an additional 1,587 BTC for approximately $100 million, bringing its total holdings to 846,842 BTC.