- Michael Saylor clarified his social media reposts of DeFi projects were “notifications,” not endorsements, as their STRC-backed tokens faltered.
- DeFi stablecoins like apxUSD and sUSDat fell below their $1 peg following a drop in the price of Strategy‘s STRC stock.
- Strategy sold 32 Bitcoin in May, its first sale since 2022, contributing to market volatility and impacting its associated assets.
Michael Saylor, founder of Strategy, used social media to clarify his reposts about decentralized finance projects using his company’s stock. His statement on June 10, 2026, came as the value of STRC-backed tokens declined noticeably. He insisted that retweets were merely “notifications, not endorsements”.
However, for months, he had frequently amplified projects like Apyx, Saturn, and Pendle. These protocols use STRC to create synthetic dollar tokens such as apxUSD and sUSDat. Saylor’s reposts gave these ventures significant visibility to his millions of followers.
Consequently, his recent disclaimer coincides with tangible market stress. According to price data, sUSDat recently traded 9.5% below its target, and apxUSD traded below $0.91. This instability mirrored a drop in the underlying STRC stock, which hit $90.38 last Friday.
Meanwhile, the projects Saylor highlighted never hid their alignment. The Saturn team openly describes itself as “Disciples of @Saylor” on its social media profile. Another builder, Strata, echoed his terminology about a “Bitcoin Credit flywheel.”
This volatility followed a significant corporate move. Strategy sold 32 bitcoin in late May, its first sale since 2022. Bitcoin’s price subsequently fell from above $73,000 to near $62,000 within weeks.
Therefore, the synthetic tokens built on STRC inherited this newfound instability. Saylor now distances himself from the outcome of the protocols he publicly notified everyone about. His stance highlights the risks when DeFi constructs are tied to a volatile underlying asset.
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