Binance's CZ Criticizes MicroStrategy's STRC Product as Too Complex, Defends 32 BTC Sale on June 29

BTC-0.94%
According to The Block podcast, Binance founder Changpeng Zhao commented on June 29 that he found MicroStrategy's STRC product overly complex and struggled to fully understand its mechanism, expressing concern that many investors may not comprehend what they are buying. However, Zhao noted that market reaction to MicroStrategy's sale of 32 Bitcoin was excessive, as dividend payments are a normal business requirement.
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