A farmer’s son posts online that his father received 0.96% more Strategy STRC shares in one day, and X similar posts (including some skeptical ones) spark a debate that cuts to the heart of what Bitcoin means.
Important points:
- The farmer’s son told how his father earned an annualized yield of 11.5% through Strategy’s STRC preferred shares associated with 843,738 shares. $BTC.
- Critics like Glenn Cameron have warned that STRC is trading Bitcoin sovereignty for counterparty risk to below-investment grade companies.
- Strategy will vote on more frequent dividends on June 8, with opponents casting 411 votes. $BTC Coinbase Prime’s move caused temporary sell-off concerns.
Dad earns 11.5% on Strategy STRC stock
The post went viral across crypto social media this weekend. The son explained that the man called his father after noticing new stocks in his brokerage account. His father’s response was simple and direct.
“I’ve never been given this much money just to have someone else keep it,” the father said. “So there’s always someone else in control, whether it’s the bank, the man on the moon, or the cow next door. But there’s no such thing as 11% or 12%!”
His father, who comes from a farming background, received his profits through Strategy’s STRC preferred stock. This preferred stock is a security for which the company is currently listed with an annualized interest rate of 11.5% as of May 2026. Strategy sold STRC stock for a stated amount of $100 and pays cumulative cash dividends monthly if declared by the Board of Directors.
The son explained the product to his father using an agricultural analogy. That is, farmland that produces crops each season, regardless of the price of the land, and the reinvested profits buy more acres and expand future production. It was a frame built around income compounding, not Bitcoin theory.
“No matter what the market value of farmland in your county is on any given day, week, or month, the same number of crops are grown on your land,” he wrote. “If the price of farmland happens to go down, you can accumulate farmland even faster by reinvesting the proceeds from your crops.”
The post received a huge response, with many congratulating her son, who goes by the name Moka in X. “You’re a great guy, Moka. It makes me so happy every time you update me about how excited your dad is about this product. He’s been using STRC as a high-yield savings account and reinvesting it into more stocks.” $BTC The strategist replied to Mocha’s post.
Bitcoin purists react violently
Most of the replies to Mocha’s post were positive. At the same time, a cluster of important STRC posts was circulating on X in the same time frame. Glenn Cameron, global head of Onramp Institutional, argued in the X thread that STRC is a response to the very impulse Bitcoin was created to disappear.
“Bitcoiners have spent a decade preaching the primacy of short time frames,” Cameron wrote. “Saylor then offered them 11.5%, and they forgot word for word what it was,” he said, adding that the holders ceded sovereignty, assumed counterparty risk to a single sub-investment grade company, capped the upside of Bitcoin with a coupon, and held what he called “centralized, dilutable and freezeable corporate debt.”
Prime Minister David Cameron called it a bait-and-switch, saying Saylor had “figured out that you could sell fiat money to people who had healthy money, as long as you wrapped it in orange.” Steve Barbour, Founder and CEO of Upstream Data, also commented on STRC. “Mr. Saylor cannot sell a significant portion of his Bitcoin without inflating the price. The network is decentralized. Liquidity comes from circulation. Mr. Saylor is not doing anything to promote circulation. Strategies are shitty coins,” Baber said.
Others pushed back. XAccount’s Bit Pain responded to Barbour’s criticism that Strategies is centralizing Bitcoin by arguing that Thaler has done more than almost anyone to bring Bitcoin into the general capital pool.
“Those who own STRC may unknowingly $BTC “To save, but with a risk profile that is acceptable to them. He is opening up Bitcoin to people and capital pools that have not had access to it before,” Bit Pain wrote.
Another STRC/Strategy fan, X user MarylandHODL, framed STRC as a potential bridge to the vast majority of people who will never self-custody. X account says:
“Millions of people will never self-manage their Bitcoin. Millions more will never understand private keys, mining, or monetary theory. Once that bridge expands to tens of millions of people, the impact will extend far beyond a single security. At that point, Bitcoin stops being an asset class and begins to become a financial infrastructure.”
How STRC works and what traders are paying attention to
Strategy itself describes its securities as offering “varying degrees of economic exposure to Bitcoin.” The company raised approximately $2.47 billion in net proceeds from the STRC IPO in July 2025. It recently issued an additional $2 billion in notional value STRC and used the proceeds to purchase 24,869 Bitcoin. As of May 25, 2026, the number of strategy holdings is 843,738 $BTCworth approximately $62 billion.
Products are not without risks. Strategies cautions that dividends are not guaranteed, there are no guarantees of return or liquidity, STRC is not FDIC insured, is not a bank deposit, and is not a direct owner of Bitcoin. Critics say the dividend depends on Strategy’s ability to continue issuing securities and maintaining investor confidence. If STRC falls below par, new issuance becomes less attractive and could put pressure on the same loops that fund Bitcoin purchases.
The debate grew even louder with another development. On May 29th, on-chain trackers reported that Strategy moved 411.48. $BTCworth approximately $30.3 million, on Coinbase Prime. On-chain data later the same day showed that Strategy had withdrawn approximately $411.5. $BTC return. This round trip increased Polymarket’s odds that the strategy would sell Bitcoin by December 31, 2026, to between 84% and 91%.
Polymarket bets and upcoming shareholder votes
The polymarket event, which tracks whether a strategy sells Bitcoin by multiple set dates, had a total trading volume of $35.66 million, showing how much attention traders are paying to this issue. Currently, the probability of being sold by May 31, 2026 is 15%, by June 30, 73%, and by December 31, 2026, 90%. As May draws to a close, several traders are holding the stock with a “yes” to their stock holdings for the month, with trading volume at just over $8 million.
The latest Bitcoin transfers were small in size. Strategy 843,738 $BTC Holding will result in 411 $BTC Approximately 0.049% of the Treasury. But Strategy Inc. relies heavily on preferred stock financing and recently completed a $1.5 billion convertible bond buyback, and traders remain wary of signs that debt could weigh on the Treasury.
The company is planning a shareholder vote on increasing the frequency of dividend payments on June 8th. How this vote goes, and whether STRC is able to maintain its near $100 par value, will likely say more about the product’s future than a single brokerage email has ever done.
