MicroStrategy Clarifies STRC Stock Not Backed by Bitcoin

A manager at MicroStrategy's Strategy unit erroneously stated that STRC stock is backed by Bitcoin collateral. According to NS3.AI, the company has repeatedly clarified in SEC filings that none of its equities, including STRC, are collateralized by its Bitcoin holdings. Although there are frequent mentions of Bitcoin-per-share metrics and dividend coverage, these references do not indicate ownership or collateral backing for the stocks.