Strategy Executive Chairman Michael Saylor stated that the company expects Bitcoin to appreciate by around 20%-30% annually over the long term. He noted that even with STRC paying a 12% annual dividend, the cost remains manageable under his assumptions. Saylor described STRC as a credit instrument, not a product requiring investors to take on Bitcoin’s full volatility. The credit foundation behind STRC comes from Strategy’s large Bitcoin holdings, aiming to convert part of Bitcoin’s value into a relatively stable income-generating instrument, WuBlockchain reported.