Michael Saylor spent years saying "never sell Bitcoin" — then Strategy sold BTC and within 24 hours the price crashed 4.4%. Now STRC, the dividend stock he pitched as safer than a savings account, has tumbled 5.3% intraday with no FDIC protection, no guarantees, nothing. The DeFi wrappers built on top? Also de-pegging.
This is what happens when you don't hold your own keys. Doesn't matter if it's wrapped in a stock, a stablecoin, or a "yield product" — if someone else controls the Bitcoin, you're exposed to their decisions, their timing, their promises.
Self-custody isn't just about avoiding exchange hacks. It's about not being collateral damage when the strategy changes.
https://protos.com/strc-tumbles-as-defi-copies-lose-their-peg/
BitcoinHouse MY
npub12e…fqxxu
2026-06-07 19:00:00 UTC
Author Public Key
npub12ekttcklu9jg5nhc2m2h023x4hmp6g54tkglk5rslnrs24w6yjxqqfqxxuSeen on
wss://relay.mostr.pubPublished at
2026-06-07 19:00:00 UTCEvent JSON
{
"id": "efb20080f8cbf033e7cea8a62d898bec4fc0bc82bcaf92d31f83f0ab6d57edd7",
"pubkey": "566cb5e2dfe1648a4ef856d577aa26adf61d22955d91fb5070fcc70555da248c",
"created_at": 1780858800,
"kind": 1,
"tags": [
[
"client",
"Yakihonne",
"31990:20986fb83e775d96d188ca5c9df10ce6d613e0eb7e5768a0f0b12b37cdac21b3:1700732875747"
]
],
"content": "Michael Saylor spent years saying \"never sell Bitcoin\" — then Strategy sold BTC and within 24 hours the price crashed 4.4%. Now STRC, the dividend stock he pitched as safer than a savings account, has tumbled 5.3% intraday with no FDIC protection, no guarantees, nothing. The DeFi wrappers built on top? Also de-pegging.\n\nThis is what happens when you don't hold your own keys. Doesn't matter if it's wrapped in a stock, a stablecoin, or a \"yield product\" — if someone else controls the Bitcoin, you're exposed to their decisions, their timing, their promises. \n\nSelf-custody isn't just about avoiding exchange hacks. It's about not being collateral damage when the strategy changes.\n\nhttps://protos.com/strc-tumbles-as-defi-copies-lose-their-peg/",
"sig": "f9ddda0ac7211a45200af0a28e5b999b5bffc06d6a002ccf2b126ec73edbe698e113de4775e3fb6e481ff806947c9e5294b345c35e625e6fb4672a442b90f891"
}