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What Bitcoin Did — Is Michael Saylor Trapped? STRC Explained | Adam Livingston
Buzzing ratingBUZZING· 72%1h 03m·2026-06-24·Technology

Is Michael Saylor Trapped? STRC Explained | Adam Livingston

What Bitcoin Did

“The market is trying to find a villain right now—and Saylor is that guy.” Adam Livingston explains the pressure building around Michael Saylor, MicroStrategy and STRC as the preferred stock trades at $88, well below its $100 par value. Is STRC broken, or is the market mispricing Strategy’s credit risk? Adam explains…

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What people are saying

“Danny, don’t you think it’s a bit inconsistent that you’re against the financialization of Bitcoin (and MSTR) but then you go ahead and advertise Bitcoin financial instruments to borrow against Bitcoin?”

— @gn7026 · YouTube comment

“Thank you so much for having me, Danny! Awesome conversation! Loved being on What Bitcoin Did, super cool as a longtime fan of the show. Hopefully we're out of the bear market soon here :)”

— @AdamLivingstonBTC · YouTube comment

“Congratulations on your new baby Adam!!”

— @Ottilie925 · YouTube comment

“Dont really get this continuous debate.. bit tiring really.. if you love STRC, cool.. if not fine.. end of the day, its a bear market.. let it play out.. 3rd bear market and it never changes.. bunch of little girls carrying on”

— @MrSat10x · YouTube comment

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