MSTR

master-beast-72

The Saylor comparison is apt but there's one structural difference that makes the ETH version more interesting from a network perspective: if Bitmine stakes that ETH, they're not just a price-concentrated holder, they become a significant validator. 5% of staked ETH is meaningful. Current staking participation is around 27-28% of supply, so 5% of total supply translates to roughly 18% of the staking pool if they stake it all. That's in range to start influencing things like block proposal rates and MEV extraction patterns. It doesn't give them consensus finality power (you need 33%+ to threaten liveness), but it's enough to matter. The no-debt point from r/euro347 is the key variable. MSTR's vulnerability isn't the BTC concentration, it's the convertible note structure — if BTC craters, they can't service debt and have to sell into a falling market. Bitmine without debt just sits through a drawdown. The house of cards analogy only applies if there's leverage behind the position. The real question is what they actually do with the ETH. Buy and hold on the balance sheet is one thing. Stake it, run validators, and participate in MEV supply chains is a fundamentally different entity.

Euro347

BMNR has no debt, unlike MSTR

Israel_Trump_Fan

" old investors paid out of new investor money" That's literally what MSTR is doing right now lol.

dataCollector42069

Paid off $40k in student loans shorting MSTR now

ShrugsforHugs

Just happened to go back to a "True North Podcast" (The guys who run strive now) from January of 2025. They were calling bitcoin to return to around 200k and MSTR to trade at an mNAV of 10. They were talking about how they couldn't see a possibility in which MSTR wasn't trading above $1,000 by the beginning of 2026. It ended up at about a fifth of that and has been cut in half since.

GrapefruitOwn6261

I’ve been looking into TAO and the subnets that Kraken has started listing. Does anyone here have much experience with them? I’m tempted to start building a position in TAO while it’s still relatively early, as it seems like it could be a strong AI play going into the next bull run. I did well with AKT last cycle, and some of the TAO subnets, like LIUM, seem to be tackling similar infrastructure but with much smaller market caps, which obviously makes them a lot more speculative. Most of my monthly investing goes into MSTR because the gains are tax-free in my Stocks & Shares ISA, but I still like allocating a bit to crypto for the potential of outsized returns. Would be interested to hear what people think about TAO and which subnets are worth researching.

Herosinahalfshell12

No theres a few black swan events to happen yet. Maybe MSTR dumps, maybe US govt abandons its BTC reserve, maybe a large ETF like Blackrock exit. Something that makes it seems like the end for real this time.

devCheckingIn

Will be interesting to see what Saylor "bought" this past week. I'm guessing this is going to be MSTR and / or STRC buybacks.

Lefties_TheWorst7331

DCA and average down.. BTC probably won't get much cheaper than it currently is. People are expecting the 4 year cycle to play out and it's getting front ran before the expected October low of this "4 year cycle". And if the 4 year cycle holds true, next year is going to be absolutely juicy. STRC should return to par soon, and MSTR has increased their cash position to secure STRC and/or possibly buy up more BTC with it. Just DCA and let it bring that average down!

Medical-Lecture-6053

Bitcoin still has a albatross tied around it which is Michael saylor and his MSTR holding 5% of the supply of BTC with a weak debt / preferred structure. However, what would stress MSTR to blow it up to force BTC liquidation would be much lower prices ( think 20-30k BTC). However in inflationary environment where they currency remains strong(deflationary) this allows for further fiscal stimulus then it allows them to continue to support investment to AI & reshoring infrastructurr. If they have rope they will generally use it until its fuly tied around their neck. Then when the Rates spike uncontrollably along with the Currency collapsing and breaking down it inflation turns into hyper inflation thats where the demand destruction and the forcing of the fed to tighten rates and reign in liquidity could rubber band that extreme inflation right back into deflationary depression, Basically once it becomes so costly to keep trying to spend that the government has no choice but to cut spending, that is where BTC is vulnerable. Thats where BTC new lows and MSTR blowing up is possible. However, to get to that point BTC likely has some sort strength/run through hedging where Currency devaluation / rate increased is still contained and not completely dislocating breaking charts and causing excess momentum and panic. So as a short you tentatively go long right now in inflationary enviroment, with the foreknowledge that a deflationary reckoning and black swan crash will eventually come to drive much lower prices. However, this is something you definitely don't want to get caught shorting betting on it going down too early, monitoring credit markets for real LT breakdown is wise, a contained minor breakdown is not enough.. If we look at Japan markets which has higher inflation rates eventually the people. get mad enought hey vote out anyone who doesn't address the inflation(especially if its caused by currency devaluation and weak structure), so you'll finallly get politician who is more responsible.

Quick_Lawfulness7501

What’s the difference between STRC and MSTR

Routine-Can-1678

Macro regime change. Turns out, most altcoins are really just doing an interest rate carry trade. You borrow money from a bank at near 0% interest rate, shove it into Aave or Compound or Curve for about 5%, profit. The liquidity spillover is the part that fuels the really stupid stuff like NFTs, DOGE, etc. We went from 0-0.25% interest and $100b/month free money from the Fed to about 4% interest and $100b/month of Fed taking money away. Every Ethereum + copycat, L2, and things that rely on spillover liquidity died simultaneously for 2022-2025, because the money vanished. The only things that stayed alive were things like: Bitcoin Treasury companies: MSTR, Strive, Metaplanet Crypto stocks: COIN, HOOD Futures trading protocol: Injective, HyperLiquid Bitcoin-similar protocol: Kaspa DeFi with 20-150% interest rates: Sui Organic meme-casino: Solana, Raydium OG memes: DOGE, BONK, PEPE In the late cycle, when retail boomers see headlines about Bitcoin ATHs and get very greedy, but balk at the price, they get interested in XRP. XLM also gets a boost because it's the same narrative. After that, everything dies. The only profitable thing during a bear market is IBIT puts.

DannyGo-60

I have 900 shares of MSTR, so that is like 1.3 - 1.8 bitcoin, depending on how you figure it or zero being indirect, etc., lol. I own MSTR instead of bitcoin because I sell options off of the MSTR for yield. So in a way I'm more renting out the bitcoin I own indirectly...

fan_of_hakiksexydays

Probably around Q4 of this year. But it might come down to when MSTR really starts to unravel.

Earningsalgo

Well the money is in a rollover IRA so i couldn’t take it out and add to my ledger anyway Other than that MSTR owns 55 billion dollars worth of BTC vs MSTR market cap of 33Billion If btc rolls , mstr market cap will fill that gap if not exceed their holdings

Financial_Freak

can you tell me why are you buying MSTR instead of BTC?

Earningsalgo

I’m there ! 1 BTC on my ledger and just added 325 shares of MSTR

grajnapc

Mostly stocks but I have been adding to IBIT STRC and BTCI every week. Maybe will add BITA MSTR and/or MSTY or BLOX

master-beast-72

This is actually a meaningful disclosure change that's getting buried in the headline. Strategy's original "BTC Yield" metric tracked the change in BTC per diluted share over time — but it had a flaw: it didn't show that the ~$7B+ in convertible notes have a senior claim on the company's assets, including the BTC. If Strategy ever had to liquidate or restructure, noteholders get paid before common shareholders see a dollar. The BTC "per share" number was technically accurate but economically misleading. The new approach that accounts for senior claims gives a clearer picture of what MSTR common shareholders actually own on a risk-adjusted basis. Effectively: (total BTC × BTC price - face value of senior notes) / shares outstanding. That's the residual equity value, not just gross BTC exposure. Why it matters: A lot of retail traders use MSTR as leveraged BTC exposure without fully understanding the capital structure. The notes create a situation where BTC could be at $50k and MSTR equity is worth less than the gross BTC implies, because the debt holders capture the first slice. Ironically, this more honest reporting might actually be *better* for the stock long-term — institutional buyers who model the capital structure correctly will find the valuation more defensible than one built on a metric that obscured leverage.

tenor_tymir

You can also look into companies like Strategy (MSTR), they are buying massive amounts of Bitcoin which means their share prices are inextricably linked to the Bitcoin price development.

CalligrapherAlive829

I think the same as you. I don’t hold bitcoin, I hold MSTR. But if I were to hold bitcoin instead, I wouldn’t plan on holding bitcoin forever just like I don’t plan on holding MSTR forever. Because profit is not really profit until I actually trade it for things that, you know, actually give me tangible things that benefit me in life. Just holding bitcoin forever isn’t going to pay my mortgage or rent, know what I mean? So if I plan on trusting robinhood with my retirement money, why wouldn’t I trust them to hold my hypothetical “paper bitcoin” that I will end up selling eventually for that retirement money?

Earningsalgo

I’ve added 325 shares of MSTR recently. Let’s ride boys

AvailableTie6834

because by buying MSTR you do not own any bitcoin.

fan_of_hakiksexydays

Can we finally break $66K already so we can finally try to liquidate the bubble of shorts at $67K, so we can then fail to break $70K and drop right back, so we can liquidate the longs and drop to a new low into the $50Ks, so that even more people panic out, so that MSTR can start to collapse and sell BTCs, so that it causes even more panic and we drop into the $40Ks, so that ETFs and sovereign funds hit the panic button too, so that now exchanges are getting too much outflow and are hitting their panic button, so that their crypto banks now are at risk of a collapse, so that the whole market is heading for a collapse, so that we can finally hit the bottom and be done with this bear market, so that we can finally go back up and hit the new bull cycle peak of $142,069.

HoldOnDearLife

When they liquidate Apple Park, you, as a common stakeholder, would be entitled to none of the money. When MSTR liquidates BTC because they file bankruptcy, you the common shareholder, would be entitled to NONE of the money.

Wheaties4brkfst

It’s mathematically true as long as STRC isn’t at par and mnav is low. Will they rebound? Maybe. If you’re looking at MSTR rn there isn’t really an incentive to get in as long as STRC remains below par. There isn’t any way to increase BTC per share without the preferreds or new debt. And you will only be more diluted as the company pays more dividends. The only way they could is by selling bitcoin and buying MSTR. Which they might! But we’ll see how much that pushes down the price.

Rock_Strongo

You shorting $MSTR then?

fan_of_hakiksexydays

I always thought MSTR could stay solvent and irrational longer than expected. But in the last several weeks, it's been one thing starting to unravel after another. This new headline is actually one of the milder and less concerning one compared to all the other stuff unraveling. But it looks like they are already in panic mode behind the scenes, and still trying to sell us "nah, everything is fine, this is part of the strategy". There's been already so many signs of the house of cards already having its foundations chip away. We've been seeing the first dominoes fall.

fan_of_hakiksexydays

But to raise that cash they have to dilute MSTR. And that's gonna plummet it's already plummeting value. Which is gonna limit how much cash they'll be able to raise from that in the future, if they don't want to tank the whole thing. Which means their next option is pretty much gonna be selling their BTC reserve. Because if they raise STRC dividends even more, which is already high, it's gonna raise their cash need obligation even more.

Zer0boii

Don’t trade.. you already bought at 100-126k, not great trades.. just HODL for 10 years and don’t look at it Although if I were you I would just put like 50/70% into a global accumulation fund once you get back to 100-125k Also I would put a percentage into MSTR & Coinbase Also you need a gold allocation

fan_of_hakiksexydays

We just had a perfect sweet spot for a rally. But that window might be slipping away. We had a few weeks of a perfect storm of bullish traditional markets, a bounce with shorts getting liquidated, Clarity Act being pushed, a deal with Iran to stop the war, CPI better than expected, rate cuts off the table, improving job numbers, etc... Now it's starting to look like it's reversing. The war is back in full swing, oil stopped moving, traditional markets are going back down. And we haven't even hit the part of the bear market where the shit really hits the fan, and not just the price. When exchanges start to sink, coins and projects collapse, crypto banks start to unravel. And this time around we have three new beasts that could unravel in a big way: MSTR, sovereign funds, and ETFs.

No-Put7619

So the anti-MSTR narrative has been relentless for weeks. It feels like the critics can articulate, in painful detail, what MSTR shouldn’t do but almost nobody is willing to say what they should do instead. Would it have been better if they “played it safe” by borrowing billions on the promise of some kind of AI jackpot? Or buying Treasuries when the Fed wasn't even thinking about thinking about raising rates? Or taking on debt to hire more developers? In hindsight all of these moves would have been catastrophic. The "experts" would have said these were smart strategies. My point is maybe critics are clueless. We won't know if what MSTR is doing today will succeed or fail for several years.

GoodMorning_folks

This type of investment is exactly why governments think they need to take care of their citizens retirement—because the citizens are not good at investing for their future. Wow. So as soon as ai proves the bitchain was in fact hack-able, what then? Also, what did you buy? Who backs it? Nobody. Maybe MSTR micro strategy is looking for this kind of enthusiasm and you can get a nice gig there. But Michael S at micro strategy did have to sell a few billion BTC just to stay solvent as a company.

banditcleaner2

Yup, hence the stock falling considerably below the price it was in November 2024 despite bitcoin being around the same price. I recall MSTR was in the low 200s in November 24 when bitcoin was around the current price, yet today MSTR is in the 90s lmao.

Huckleberrysdick

Google about the loan structure and repayment dates on the money MSTR borrowed to buy up their \~850k BTC. When they have to liquidate BTC to creditors in 2027 what happens to the price? Leveraged positions using VC are dead. BTC has hit its ATH.

Huckleberrysdick

Google about the loan structure and repayment dates on the money MSTR borrowed to buy up their \~850k BTC. When they have to liquidate BTC to creditors in 2027 what happens to the price? Leveraged positions using VC are dead. BTC has hit its ATH.

No_Cherry2289

I’m going in hard this year as well. MSTR and Bitcoin. I’m going to get my hands on a while coin. Minimum. I might do more.

PeacockMamba

Ya not really a great time, especially when saylor is selling to avoid bankruptcies via $MSTR

thinkingperson

Oh, it's the time of the week for this? You can just take this shit list and run a crypto news site. * Binance is charged with money laundering * Tether is printing more USDT * MSTR / STRC is on a death spiral * China is banning / unbanning crypto * Bitcoin cycle hold steady / is broken * Ethereum is dead / alive / is a cat!! * BlackRock is selling bitcoin (it's iBit clients!!!!)

slvbtc

Strategy is on steroids and average corporations wont do what MSTR is doing. If and when there is a global bond market crisis forcing treasury yields up, tanking bond values, causing bankrupsies and leading to QE and YCC, corporations will look for alternatives and there arent many. There are money market funds and stablecoins but both of those are heavily invested in or backed by government bonds which doesnt solve the problem, and then there is gold and bitcoin and thats about all the alternatives that exist. They wont be using physical gold as a treasury asset so that leaves gold ETFs where you need to trust the issuer or bitcoin where custody solutions can remove 3rd party risk. Treasuries do not like having to trust asset issuers thats why government bonds have always been preferred, so trusting a gold ETF issuer is not palatable for most corporations. Bitcoin can solve this by removing the need for trust in an asset issuer. Bitcoin ownership for corporate treasuries can be set up to remove issuer risk, allow for self custody, while also allowing for redundancy for example a multisig set up. The world doesnt understand it yet but bitcoin is the perfect corporate treasury asset. When a bond market crisis causes this shift towards bitcoin it is possible we see 10% of the worlds corporations adopt some from of bitcoin treasury strategy where a small portion of their treasury gets allocated to bitcoin. 10% of the worlds corporations allocating a small portion of their treasury assets to bitcoin would bring about the biggest bull market bitcoin has ever seen.

Appropriate-Talk-735

I think when you grow older you will look back and disapprove of the attitude you show here. Good luck with your MSTR stocks.

Ok_Pipe6417

MSTR is looking for people who can do this. Don't sell yourself short. Elbows up.

Project_Demosthenes_

I would die for spx. The world is broken and run by the 1% who use the financial/military/industrial complex (S&P500) to funnel and centralize their power and influence. BTC was the first attempt post 2008 GFC to resist the banks (simultaneously OWS was infiltrated by feds and dispersed) and utilize cypherpunk philosophy of decentralization. BTC is the single greatest performing asset in history during its 17 year lifecycle but is now being token horses into Trad-Fi via ETF’s and MSTR. Spx6900 is a convergence of BTC maximalists, Occupy Wall Street OGs, and GameStop short squeeze apes to fuck the hedge funds. It’s the most cypherpunk asset on the planet since BTC sold itself out to the pedo suits. SPX is more than the “next BTC.” It is the evolution of what BTC was meant to be: an asset by the people for the people, decentralized, anti-tradfi. We’re just doing it even faster. Plz look deeply into the movement if you want to change your life. I’m not kidding, ily. https://preview.redd.it/tlal4j571udh1.jpeg?width=1198&format=pjpg&auto=webp&s=cfdb3cedd30e37f57a2bc8bd368538d13d7cd59c

guyuteharpua

My personal view is a long and painful fade over the.next few years. Once the specutors (like MSTR), who own like 99% of it, lose patience, then the people that actually use it to transmit money securely and anonymously will determine the price based on their demand. The new price will be set by BTC's actually utility as a value transmission vehicle and as that continues to grow, it will start going back up again. My 2c....

arttu_pakarinen

thats a % MSTR value is 41 000 000 000 dollar ths is 41 billion so you take almost half a billion, we are in the 1-2% range of the value.

Impossible_Excuse937

I’ll take sideways for a while, let me stack a bit more and buy some more MSTR in my ISA.

deltamark_btc

the cost basis headline misses the real trader risk. MSTR trades at a premium to its BTC NAV when sentiment is good - that premium can compress 40-60% even if BTC only pulls back 15-20%. company treasury is fine at $8-10k BTC, shareholders aren't protected the same way. different exposure.

MediocreTax7927

I will. Do you have any other sources of information that you feel helped you? And if I’m not to much of a bother. What do you think of a stock like MSTR vs owing BTC itself?

PopLegion

Common share holders own MSTR, MSTR owns Bitcoin. So common share holders own BTC on the balance sheet. It's not an etf, so it's worded weird like you pointed out. But if common share holders don't own the BTC, who does?

PopLegion

Well that's just not true at all lmao. If MSTR were to go bankrupt for whatever reason, creditors, preferred share holders, than common share holders would have claim to assets left on the balance sheet.

Less-Information-256

Instead, MSTR represents an ownership stake in Strategy’s equity. Strategy, in turn, owns encumbered BTC as well as its associated debts plus a variety of other business assets. So they own strategy and strategy owns Bitcoin.

GrossFleshSack

They are only 10-15k below their cost basis and they are already having to start selling Bitcoin.. MSTR are masters of buying the top, their investors should be highly concerned.

Skepsis93

A ponzi scheme implies you are deceiving your clients. MSTR has been very open what their plan is and people still poured money into them.

ThisisNFA

Aaaaactually, the STRC terms are that MSTR can suspend dividend payments so if Saylor wants to rugpull them, he can do it and MSTR survives.

Wheaties4brkfst

They have a senior claim to all MSTR stock in the event of bankruptcy.

Yory_Alsik

Lol don't drink the Kool-Aid. the 20 months of payments don't mean anything. thats why STRC still isn't at par. The source of its liquidity is not sustainable. If bitcoin goes to 22K. MSTR's price will be 0. At that point, they would have to sell all their bitcoin and use all of their "USD" reserve to pay off their debts and retire preferred. I'll keep the math simple here: Senior claims = 22 billion, USD Reserve = 3 Billion. Bitcoins held = 843,775. In a liquidation scenario, assume the USD reserve is used to pay off senior claims, leaving $18 billion, divided by 843,775, means a **bitcoin price of $22,729 is the current MSTR extinction price in simple terms.** At that price, common shareholders have zero claim on any bitcoin, senior claims own all the bitcoin. However, more practically, the real extinction price is actually much higher, and that is because the reserve will constantly need to be refilled, potentially twice a month if they want to keep up 12% dividend payments, which can only be accomplished by dilution or bitcoin "monetization". So, if bitcoin goes down to $40K, their source of liquidity for the Pref's will be under significant pressure. Before bitcoin even goes to 22K, they will have less bitcoins as a result of needing to sell even more bitcoins to replenish the USD reserves. The denominator in our earlier calc (bitcoins held) will keep decreasing over time, this pushes the MSTR extinction price up. Today it is 22K. If they want to get to 3 years of USD reserve, that's an additional $2.5 billion raise, which is only happening through a massive bitcoin sale or heavy MSTR dilution. Most likely it will be done through both. And then they will have to keep raising capital (again, only possible through dilution or bitcoin sales). All bitcoin sales will simply raise the floor of their extinction price. My estimate is $30-35K bitcoin price will have enough pressure to completely destroy MSTR's common equity.

Less-Information-256

By your definition neither does the MSTR common stock holders. But I assure you they have a senior claim to the assets of the company than you do as a common shareholder. I’m sorry if you’ve been misled.

BitcoinBaller420

Today's reminder that MSTR is a financial juggernaut with zero liquidation risk, pushing STRC to $100 relentlessly, at which point they will add another huge, price-insensitive bitcoin buyer to the current market... that buyer being the next tranche of the $300T in credit investors, who dream about 10% low-risk fixed interest rates and don't give two shits about broken money. Even this deep in the bear market, Strategy turns a profit on asset sales every week. They aren't sacrificing their shareholders, they are raising capital at a discount to fair value, accretive to shareholders, which consistently increases their effective bitcoin per share, while the USD price coils right along with bitcoin for the inevitable move higher. You're not bullish enough.

SerenityCerulean

I think 40k is already extreme enough. How is Saylor selling half is anything relevant? I’m MSTR shareholder and people don’t understand the math. No point to speculate things if it’s not going to happen.

Nerfi5

Some people in wallstreetbets talked about MSTR so i investigated

JeremyLinForever

Did you know that this could work the other way around in a bull market? There can be a massive short squeeze for MSTR when the BTC bull run comes, and instead of selling MSTR they can literally take their USD reserve and instead of buying BTC they can buy back their own stock and cause a 10-20x mNAV squeeze.

BitcoinBaller420

bwahahahahahahaha bro your "destroying the shares" is my "selling assets above fair market value to turn another clear weekly profit" this is basic math get it together. Take the total assets. Subtract the outstanding liabilities. Divide by the fully-diluted outstanding shares. This is the NAV / share. Now take the average sale price of the stock. Was it above this number? Then the sale is *accretive* in buying terms to the common share holders. I'm tired of explaining this to you, please stop giving your opinions about Strategy publicly until you have actually done this yourself at least one time, save yourself the embarrassment, it's middle school math, and the numbers are available trivially for you at strategy.com. I respect you as an intelligent person, but you are really clueless about Strategy. I own a substantial portion of my net assets in MSTR bc I have actually done the work, and I encourage Saylor to continue to do the trivial math involved in deciding whether raising even more capital would be accretive, so he can continue taking advantage of the enormous opportunity created by the mNAV being above 1 in such an insanely liquid product. STRC will be $100 again soon, at which point, yet another obviously-profitable opportunity to sell assets and raise capital on highly favorable terms will emerge for this company.

harvested

🤣 That is cute you can you have an opinion on BIP-110 when your portfolio is all strategy shitcoins and no bitcoin >45% MSTR >5% MSTR leaps >30% STRC >20% STRK

AccordingFloor7010

What you're forgotting is psychological effect that the inevitable MSTR bankruptcy will have on the average BTC bro, and whales alike.  Mstr gets all the publicity now, and will continue to when it all goes south.

AccordingFloor7010

That's true.  But the instant that MSTR declares that its invoking that fine print and choosing to not pay preferred dividends (which is coming fairly soon), the price of both common and preferred's will immediately tank, and all confidence is gone, triggering that death spiral, which will lead to BTC dropping to $15 - 30k ish within less than a quarter, maybe even a bigger drop.  I think EITHER one of these scenarios WILL trigger the death spiral:  a declaration of non-payment of the full dividends just one time, or the BTC price staying below $60k for more than 10 days to 2 weeks.  If BOTH happen, it's "Katie, bar the door...."

fan_of_hakiksexydays

It won't make a difference if there's another bullrun but it arrives too late to save MSTR. Same thing when FTX and Luna were hoping a bull market would come and save them. But it didn't happen in time.

HSuke

These aren't bonds. Corporate bonds are a way to get loans. They are outside of the shareholder structure, and they do not dilute shares at all. Corporate bonds are more similar to STRC than to MSTR.

Yory_Alsik

lol its really not. They have to pay these dividends in perpetuity, and their only cash inflow is diluting MSTR shareholders or selling bitcoin. Theres only a finite number of times he can keep doing that. the market knows this and thats why STRC isnt going back to par even after all his efforts.

nonkeywayzee

Social media can paint a picture [while reality paints a completely different one](https://bip110monitor.com/), the people crying that Bitcoin has a SPAM problem have literally no hashrate support for their cause and are about to fork off in less than a month. Surely this is a great moment to start a narrative that Saylor and MSTR captured the protocol, and I expect this to happen as they already came with various conspiracy theories instead of accepting that everyone is ignoring then because Bitcoin has a blocksize limit and nobody can control what others do with their own Bitcoin.

HSuke

STRC price is still gradually bleeding out over the past week. Selling MSTR when its price ratio relative to BTC is this low is not only dilutive and dumb as fuck. It also goes against their own announced strategy of preferring to sell BTC instead of MSTR when enterprise mNAV is under 1.22.

HSuke

They sold MSTR this time. It's either selling BTC low or selling MSTR lower. This was the worse choice of the 2 since MSTR ratio is even worse and enterprise mNAV is low.

AdBrilliant7812

Yo hago como tú. Dca a btc, billetera fria, no tocar. Compro 1-3 acciones MSTR al mes. La misma idea en mente. BTC para largo plazo y seguridad. MSTR para venderlo a medio plazo y sacar rentabilidad.

eurodiablo

I’ve been looking at this too but with MSTR being a leveraged Bitcoin play basically why not buy BITX. BITX is a leveraged Bitcoin play without the potential issues the Strategy seems to be having some of. Who has looked into this deeply.

Automatic-Unit-8307

Yea, MSTR is the way to go to fund life

tenor_tymir

I do the exact same thing but focus on MSTR and Galaxy Digital. Especially GLXY has weathered this bear market brilliantly and I expect the bull market to skyrocket them into space and beyond.

Worldly-Ad-1274

Lol man 😁.True, but I'm definitely not booking flights based on how MSTR is going! We already have standard savings for regular vacations. For us, MSTR is purely a 'lifestyle booster'—a tool to fund longer or more expensive trips. If it takes a couple of years , that's totally fine by us.

NoPossible5519

The way MSTR has been looking the last 8 months hope you don't plan on doing any traveling anytime soon

callebbb

Yup. I’m buying LEAPs on MSTR over the next few months.

BinanceEXNG

Stop copy pasting from an LLM ffs, if you can’t explain it in yourself then you shouldn’t be investing in it. You are gambling here with MSTR; not wise.

Worldly-Ad-1274

I completely hear you guys, and honestly, I don't disagree with the core of what you're saying. Self-sovereignty and holding your own keys is the entire point of Bitcoin. That’s exactly why I am not stopping my weekly spot BTC DCA and my core cold-storage stack is completely untouchable. But MSTR isn't my core savings; it's just a cyclical trading tool for me. Regarding the company 'not standing on its feet much longer,' Saylor recently shifted strategies to focus heavily on liquidity defense—even utilizing small sales of Bitcoin to stack hundreds of millions in pure cash to service debt and dividends. To me, that means they have built a cushion to survive the bad days. If the company fails, my core Bitcoin stack is perfectly safe in my own custody. But if the leverage machine works during the next bull run, I fund some amazing family vacations without having to compromise my sovereign Bitcoin stack!

Worldly-Ad-1274

Great question! It comes down to two things: Corporate Leverage and BTC Yield. When I DCA into spot Bitcoin, I get a pure 1:1 return on my money. But MicroStrategy operates like a Bitcoin acquisition machine on steroids. They issue billions of dollars in low-interest convertible bonds and preferred shares to aggressively buy massive amounts of Bitcoin on the open market. Because they use debt to buy more Bitcoin per share faster than they dilute the stock (a metric they track as 'BTC Yield'), each individual share of MSTR actually represents a growing amount of Bitcoin over time. Historically, this structural corporate leverage means that when Bitcoin goes on a sustained upward run, MSTR's equity value acts like a high-beta proxy, routinely giving 1.5x to 3x the return of spot Bitcoin. Since my MSTR position is purely a 'lifestyle fund' that I plan to cash out during the bull market, I want that amplified upside!

Worldly-Ad-1274

I completely agree with you on the corporate risk, but I actually look at the recent news of Saylor selling those 3,588 Bitcoins as a huge positive rather than a red flag. A lot of people panicked that the 'never sell' narrative broke, but in reality, it brought in $216 million in pure cash liquidity. By using a tiny fraction of their stack (less than 0.5\%) to secure cash for the bad days and clear out their preferred dividend obligations, they just made the company way less risky for a prolonged bear market. To me, it proves Saylor is executing a smart defense strategy so the company survives to see the next massive bull run, which makes me even more comfortable using MSTR as my lifestyle vehicle!

Worldly-Ad-1274

Thanks for the feedback! I totally see the value in income funds like JEPQ for steady 'walking around money'. The main reason I'm focusing on MSTR instead of a covered call ETF is the upside capture. Covered call strategies generally cap your upside in exchange for immediate yield. Because I strongly believe Bitcoin is going to experience a massive, explosive move to $200k+, I want a vehicle that captures that specific hyper-growth and amplifies it via corporate leverage. JEPQ is great for regular income, but I'm looking for a cyclical 'growth engine' to fund big trips during the peak of the bull market rather than monthly steady cash flow!

revanevan7

MSTR went up 4000% from bottom to top last cycle while bitcoin did 800%. So yes, you could get higher returns with higher volatility with MSTR. Will it happen the same exact way this cycle? No one knows, but there is a chance. Which is why I hold a small MSTR position relative to my BTC position. If it out performs, I plan on rolling it into BTC or using it for life.

LongDaysPleasntNites

This isn’t my expertise but I think at its core the fact you are dcaing into bitcoin is the move. How you fund your lifestyle is another strategy. Why focus on MSTR specifically? Another approach is using a covered calls strategy to generate income which will help fund what you are talking about. You can do this on your own if you have the time and energy or buy something like JEPQ. I think this is a good topic though since most of us are “waiting” for Bitcoin to go up.

N3333K0

I recently began doing the same. IF they can survive this bear market, they are in a good position to make a lot of money during the runs. They do need to find a better way to give themselves a foundation of money flow during bear markets though. That won’t go away. But yes, I’m attempting to build a position to make some walking around money from MSTR. I understand the market is for making money but I also try to stick with investing in companies I believe in. I believe in Bitcoin long term and so does Saylor. I’m willing to take a bit of a risk with his company…

CoffeeAlternative647

I have a feeling MSTR won't be able to stand on their feet much longer, but you do you.

dataCollector42069

made much more than $20k shorting MSTR and even more from holding stocks. I don't know why crypto has so many fan boys other than the fact its people putting $50 on XRP thinking they will buy a lambo

PeaceAgitated1978

If I had 10k , I'll be borrowing 30k and using the first 10 to pay for the interests for the first 2 years while I got 30k of MSTR growing "for free" during the next 2 years of bull market on BTC.. only, riding the amplifier that is MSTR 🤷🤣 you should all do the same.. even if I ain't have that 10k to pay the interest for what I'll be borrowing. I'll still borrow money for what is responsible and easily repaid since I got used to the minimalist lifestyle and make way more than what I spend so free cashflow to pay interest with .

PeaceAgitated1978

Consider also MSTR if you truly believe in Bitcoin.. or even their products.. like strc with dividends.. 12% but given by-monthly.. that is something rarely seen. It compose interests very faster.. just learn man.. so many good options.. do your own researchs , we can only give you hints of where to look at..

WhatsTheStoryMG_1995

I’m about 50-50 MSTR for tax and BTC for bitcoin, tbh if I could go back I’d have just gone 100% strategy for ISA,

SerenityCerulean

You don’t sound very prepared. I have MSTR/ASST on Trading212 ISA. Do you want ownership or have something that’s tax advantaged? I think having amplified bitcoin is the way to go and it’s in the ISA. Win-win.

fan_of_hakiksexydays

100% I wouldn't go as far as saying it will be exactly in October. Like you say, it could actually be frontrun like we've seen in the past. And we could have a premature bottom, maybe as early as August. Same way we could also have a late bottom if MSTR were to collapse in let's say December (if they manage to keep it together that long), and we could end up with a late bottom in January.

djai50

MSTR is a scam company

Potential-Hair-230

Aren’t you the guy who was big on MSTR? Did you pull out or are you actually down 900k?

TvAGhost

If you're looking for the orange with the most possible juice, and have belief in bitcoin, haters will hate, but im holding ASST and MSTR for an amplified bet on bitcoin. That's my 2 cents. ASST is the cleaner bet IMO. no debt. 1 preferred stock giving amplification to the common. And a large possibility of huge growth since it is a much smaller treasury than MSTR. It will also be easier for it to 5-10x in bitcoin holdings over time compared to MSTR. Ultimately up to you if you truly dont care about owner and want pure amplified performance I would recommend ASST. /r/striveASST

dataCollector42069

Paid off my student loans thanks to MSTR puts

p0tsa

MSTR, every monday

brimbopolous

MSTR bot alert

divexpat

Ethereum DATs earn a yield on their ETH for being validators of the Ethereum blockchain. Bitmine's cost to pay out preferred dividends is only around 10% of what they are earning yearly from their validation yield. Bitmine will never need to sell ETH to fund their preferred stock dividends. Bitmine's goal is to own 5% of ETH. They have 4.8% as of last Monday. After that their goal is to expand their investments into the Ethereum ecosystem. Bitmine also owns one of the largest 3rd party proof of stake (i.e. POS) validator networks in the world. This is a large and profitable business. They don't just validate Ethereum but also other POS chains like Solana and for doing that they generally earn 10% of whatever yield they validate for people (10% is the industry standard). The other large Ethereum DATs either have no debt, including preferred stocks, or they have another business they run in addition to being an ETH DAT. So, Sharplink (SBET) has no debt. Another example, Bit Digital (BTBT), owns 70% of an AI data center company. So, ETH DATs do not have the same issues as MSTR.