Strategy’s Stretch preferred shares, STRC, are facing rising public and regulatory criticism over structure and transparency. Commentator Peter Schiff has labeled STRC a centralized Ponzi and urged the SEC to investigate. CEO Michael Saylor and President Phong Le have publicly outlined conditions under which Strategy might sell Bitcoin from its treasury. The company is actively marketing STRC as a retail yield product, putting its capital choices and disclosures under closer scrutiny. For...