Solstice Finance just launched strcUSX on Solana: the first structured product for Strategy's STRC preferred stock.
This product splits STRC exposure into a senior token targeting 7% yield and a junior token targeting over 20% APY. Junior holders absorb losses first. Strategy itself just sold 1,690 bitcoin for $108.6 million to repurchase 1,152,020 shares of STRC.
Our take: this is indirect exposure to Strategy's preferred shares, not direct bitcoin. The product relies on variable-rate stock dividends, not Strategy's BTC holdings. The Fear & Greed index sits at 30 (Fear), yet traders still chase yield. But this is equity-linked, not crypto-linked, despite running on Solana.
Reclaim 76.73 (EMA20) and we can talk about a bounce. $SOL
This product splits STRC exposure into a senior token targeting 7% yield and a junior token targeting over 20% APY. Junior holders absorb losses first. Strategy itself just sold 1,690 bitcoin for $108.6 million to repurchase 1,152,020 shares of STRC.
Our take: this is indirect exposure to Strategy's preferred shares, not direct bitcoin. The product relies on variable-rate stock dividends, not Strategy's BTC holdings. The Fear & Greed index sits at 30 (Fear), yet traders still chase yield. But this is equity-linked, not crypto-linked, despite running on Solana.
Reclaim 76.73 (EMA20) and we can talk about a bounce. $SOL