For months, Strategy (formerly MicroStrategy) founder Michael Saylor regularly posted news about DeFi protocols using a variety of tokens and blockchains, backed by Strategy’s STRC.
Now that their stablecoins and other yield farming tokens have wobbled, he wants everyone to know he was just sharing news, not endorsements.
STRC is one of Strategy’s shares. It typically trades near $100 and pays a variable dividend of 11.5% annually. Due to its high current payout rate, DeFi yield farmers find STRC attractive to tokenize across a variety of protocols, proprietary tokens, and blockchains.
Saylor took to social media today to clear up any misunderstanding about his frequent and prominent reposts about this non-bitcoin ($BTC) tokens.
According to him, the free publicity he gave them was just a series of “non-approval notices.”
My beliefs: Retweets are notifications, not recommendations. A constructive dialogue leads to better results. Bitcoin is hope and economic empowerment for everyone. Any good faith effort to strengthen the network should be welcomed.
— Michael Saylor (@saylor) June 10, 2026
Saylor is not $BTC maximalist by the strictest definitions. Despite the Bitcoin branding and orange colors in his company, website and even clothing, Saylor has spoken positively about alternative blockchains like Ethereum and BNB Chain, as long as their usefulness supports the adoption of $BTC or Strategy securities such as MSTR and STRC.
At altcoin conferences he acknowledges the work of alternative blockchains in distributing proxies $BTC and exposure to strategy.
The timing is that his disclaimer was not subtle. In recent days, STRC-backed stablecoins such as apxUSD and sUSDat began trading well below their previous $1 targets.
Over the past week, STRC-backed sUSDat on Ethereum traded 9.5% below its $1 target, and apxUSD similarly traded below $0.91.
Both reflected a crash in STRC, a stock that Strategy is nevertheless trying to keep near $100 Reached $90.38 on Friday.
DeFi protocols Saylor has ‘put everyone on notice’
In addition to social media reposts, Saylor invited DeFi builders themselves to the stage at the Bitcoin 2026 conference, showcasing three projects using STRC, powered by a variety of altcoins: Apyx, Saturn, and Hermetica.
For example, Apyx uses DeFi protocols to convert STRC exposure into a type of synthetic dollar, apxUSD.
Saturn does much the same through its sUSDat token, while another protocol, Pendle, splits STRC-backed tokens into apparently stable tokens, yielding tokens like apyUSD.
Traders then use their assets to borrow and re-borrow, creating a leveraged return on top of STRC that can exceed 38%.
Saylor not only tolerated this machinery, he repeatedly amplified these DeFi projects by reposting “notifications.”
For example, when STRC slipped, Saylor reposted Apyx and stated, “We just bought the $STRC dip.”
Saylor placed Saturn again and touted his increasing STRC exposure.
He reported on Pendle again, celebrating about half a billion dollars in STRC-linked deposits.
Although Saylor claims he never endorsed them, the protocols themselves never concealed their commitment.
Indeed, Saturn’s account describes its team as “Disciples of @Saylor,” while Strata, another builder in the convoluted stack of STRC-backed DeFi, used Saylor’s own terminology: “The Bitcoin Credit flywheel is turning.”
Strategy shareholders approve bimonthly STRC dividends
The most prominent bitcoin buyer is selling
Strategy sold 32 in the last week of May $BTCthe first sale since 2022. The price of $BTC packed immediately.
Saylor had sworn for years that he had no intention of selling Strategy’s $BTC. Nevertheless, after the world’s most prominent buyer became a seller, $BTC In the month of June alone, the price fell from more than $73,000 to almost $62,000.
Unfortunately, the usually stable STRC wasn’t too bad, and the DeFi tokens that used STRC as a backup inherited that volatility. A synthetic dollar is no more stable than the assets underlying it.
The DeFi protocols that Saylor broadcasts to millions of his followers on