MSTR

PulIthEld

What could realistically cause MSTR to implode?

OthalaFehu

I used to be one of the bloggers listed to the left on the 'financial independence' reddit (min 500k Alexa rank). I stopped doing all that, but am a big believer in BTC/MSTR. All we can do is try, but when they won't listen, it is on them. Enjoy your future!

Adventurous_Initial6

They owe over $8 billion in convertible bonds and $1.5 billion (and increasing) in dividend obligations. Of course they don't want to sell, but if they run out of market liquidity selling STRC and MSTR to pay out this debt, what other option do they have but to sell their Bitcoin stack? After all, the Bitcoin is the collateral for the debt.

cyger

Michael Saylor says he will *Never* sell. His MSTR/ STRC technology stack is actually pretty impressive.

cyger

Only $100k? I'm thinking more like $200k, and faster than anyone thinks. Since October retail has been dumping like crazy. Institutions have been buying like crazy. Now MSTR has owning 1M BTC in sights. IMO the trad 4 year cycle is dead, and BTC is going to pump like crazy soon. I can't wait. Note I was some of that retail, selling over 100k and shifting to AI stocks. I think both will do great.

Adventurous_Initial6

Definitely not worst case scenario. Bitcoin went down from 120k to 75k (46%) as MSTR accumulated 1.5 billion in annual dividend obligations. I’m just imagining if Bitcoin goes to, say 50-60k in a year (obviously not ideal, but far from unrealistic or worst case scenario) and their obligations double. My question is about how they will fare then, needing to raise about 8 million a day in order to pay off their dividend obligations (in addition to 8 billion of convertible bond debt).

Low_Date1078

BTCs price is LOW, it has been a season of buying for those who “get it” - if you don’t want to exposure in digital assets, buy MSTR while it’s 50% off 🚀🚀🚀

SilverPrivateer

As a MSTR ya'll welcome for the billions in liquidity, either join in or use us as exit liq, it's up to you, but we're going to keep buying forever (at least someone in this subreddit is)

azdcaz

We’ve been in a bear market for about 6 months. From December 2025-today Strategy has raised $12.35B using ATM raises, in a bear market. They seem to be able to get the cash, plus they already have 18 months of dividend coverage in reserves. I think they’ll be topping up those reserves in the next week or two while MSTR pumps. I do agree the market will puke for a while if they suspended the dividend, or sold some bitcoin. I just don’t think they’ll have to any time soon. They don’t have to continue issuing more STRC. They could stop issuing this month if they wanted, then obligations stop growing, and the future dividends of STRC can be slowly brought down as spelled out in the STRC prospectus, by .25-.5% at a time. They may lose a few investors, but the dividend is so much higher than anything comparable that most would stay.

rEYAVjQD

> if MSTR ever goes under it’ll be catastrophic Only for your leveraged shorts for that day. Bitcoin would be fine, it's just that the price would get a hit for a while. PS unless you mean a third party going down could disrupt banking services, but that's always a risk.

DuckHunter4779

MSTR is promising to pay dividends in exchange for them using your money to buy BTC. They issue digital debt and purchase digital assets. Over the medium term, MSTR imputed a positive appreciation of the assets that exceeds the net present value of the dividends paid. We shall see how that goes.

drKRB

MSTR can buy 99.9% of the supply and the rest of the world can still use BTC.

AugustusClaximus

He’s a huge liability if MSTR ever goes under it’ll be catastrophic, and since he’s running a highly leveraged bet against the most volatile speculative asset in human history, I don’t see how that isn’t inevitable

azdcaz

Sell MSTR to raise billions to pay the dividends like they’ve done many times

azdcaz

Transparency: Unlike Ponzi schemes, which rely on hidden, fraudulent activities, MSTR openly discloses its financial strategy, debts, and Bitcoin holdings to the public and regulators. Real Assets: MSTR holds actual, tangible Bitcoin. If the company were forced to liquidate, the assets exist and could be sold, whereas a Ponzi scheme typically has no underlying value. No Faked Returns: The value of the investment is driven by the publicly traded market price of Bitcoin and the market-driven price of MSTR shares, not by false promises of guaranteed returns

AgentProvocateur666

If MSTR keeps buying as much as they are this price will be only going up from here on out. Basic supply and demand. My only concern is how much is too much(in terms of total % of bitcoin)

azdcaz

Transparency: Unlike Ponzi schemes, which rely on hidden, fraudulent activities, MSTR openly discloses its financial strategy, debts, and Bitcoin holdings to the public and regulators. Real Assets: MSTR holds actual, tangible Bitcoin. If the company were forced to liquidate, the assets exist and could be sold, whereas a Ponzi scheme typically has no underlying value. No Faked Returns: The value of the investment is driven by the publicly traded market price of Bitcoin and the market-driven price of MSTR shares, not by false promises of guaranteed returns

azdcaz

I think the paper hands probably left when MSTR was down 80%.

azdcaz

People conveniently forget all the bs that BTC has survived in the past. Mt Gox was insane. FTX, Celsius, Voyager, Terra Luna etc etc all collapsing at once was pretty serious. Yet here we are watching BTC being woven into the fabric of modern financial markets. Even if MSTR has to sell a portion (ppl seem to think they can only sell 100% of their bitcoin), Bitcoin will be ok over time.

the11thdoubledoc

Yes, but STRC only has value as long as they pay their dividends. In a world where MSTR exercises their legal right to stop paying STRC holders its value will crash like a rock

Adventurous_Initial6

You shouldn’t like it one bit. He’s got 8 billion in convertible bond debt, and $1.5 billion in annual dividend obligations which are only increasing. Yes, his $2 billion dollar buys help the short term price. But long term, having to worry about MSTR defaulting and releasing a million bitcoin into the market because they aren’t able to pay their billions of dollars of debt is also a concern that (at least in my opinion) fully counteracts the short term benefits.

Adventurous_Initial6

“How is the fact that you do the same thing with STRC any different?” When you buy NVDA, you hope that the company goes up in value by producing more goods (GPUs) which are desired by consumers. If that happens, consumers will pay money, Nvidia will profit, and investors can get dividends. These dividends grow as the company grows. With STRC, you are paying for an asset which does not gain in value, it is nothing but a promise that you will be paid 11.5% annually. This money for the dividends (if you look at their form 8-Ks), only ever comes from selling more preferreds (like STRC) or more of the common stock (MSTR). Every month, this is how payments are made. The issue is, what happens when you want to take your money out? Well when people want to sell and the supply of STRC grows past the demand for it, then where does Saylor get the money to pay more dividends? If he defaults on one, it’s a snowball effect and even fewer people would want to buy STRC. For NVDA, this will never happen, as they have a product (GPUs) which will be able to produce value for them. Does this illustrate how “STRC is different”?

JaraCimrman

You didnt explain why is it a ponzi scheme. Ponz ischeme has certain characteristics which MSTR doesnt have or the rest of the instruments have

discattho

it's not his money though, is it? Where do you think all the money he's using to buy bitcoin comes from? The company itself is unprofitable for the past 2 years. You think everybody buying MSTR shares are diamond hands and bitcoin believers? They are chasing gains, and will panic sell as soon as they smell blood.

Snowman33001

MSTR is audited by KPMG.

ReliantToker

To nationalize MSTR, the government would have to pay shareholders the fair market value of those assets plus a premium for the company’s enterprise value. Why would the Treasury spend $80B+ in taxpayer funds to "seize" MSTR's Bitcoin when they could simply use that same capital to buy Bitcoin on the open market without the decade-long legal battle?

LibertyWithLiquidity

Bitcoiners are doing their part, but nothing, especially not retail, will stop Saylor accumulating more Bitcoin in the short term. MSTR will likely own 10% of the supply if I had to guess a number.

Blindeafmuten

You give your money to MSTR and you get Bitcoin (a share of Bitcoin). MSTR is a Bitcoin selling mechanism. It got 2.54 billion from the market to sell Bitcoin to them.

froz3nt

MSTR and pretty much no one else from institutions...

froz3nt

Okay, lemme rephrase it: with MSTR holding more and more bitcoin, the price of bitcoin will become much more prone to manipulation As for hash power, that has become pretty much centralized, because top 7 pools hold somehwere around 80-90% of all hashing power. Top 2 pools (Foundry and Antpool) hold around 50% of all hash power. There, is it better now?

snek-jazz

MSTR holders don't care that btc per share YTD was temporarily at -0.3% earlier in the year due to the anomaly of raising $2b up front for pref dividends to shut up the bears FUDing about them missing dividends this year. It's back up to almost 10% now. The only people who care about these exceptional cases instead of the overall trend are bears looking for anything they can hold on to.

Baseidou

Yeah I imagine the market for this liquid asset would react pretty nicely to MSTR selling a portion of their BTC to meet obligations

otherwisemilk

MSTR is exit liquidity right now. Save up some dry ammo and collect the bounty when MSTR collapases.

flyfree256

I was including that in my calculation. 19M Bitcoin. 4M that'll never move. MSTR has 815k-ish. 5-6%.

Snowman33001

MSTR has outperformed BTC since the company started acquiring Bitcoin. That’s one reason to buy MSTR.

discattho

Because the company has not been profitable for the past 2 years. Third year back was nearly a wash. [https://finance.yahoo.com/quote/MSTR/financials](https://finance.yahoo.com/quote/MSTR/financials) The stock gives insane dividends, and dilutes its shares to make these bitcoin purchases. How do you continue to give dividends like this without any actual profit? The only way is to continue taking investor money, buy bitcoin, and pay for dividends. This is quite literally the definition of a Ponzi scheme. So long as bitcoin's price continues to go up, they appear healthy because fresh money comes in chasing gains. But if you look at the mult trillion dollar real estate companies that went bankrupt in china because property prices took a sharp prolonged dive, and the immense ongoing damage they're going through with that it becomes clear "too big to fail" is not a thing in the real world. They too were doing really well, so long as property prices continued to go up in China. Just makes me nervous of one entity owning so much.

DivinityInsanity

People should start more companies like MSTR. I mean, apparently it leads to an infinite money hack? I don't understand how he just keeps raising billions and billions of dollars to keep doing this.

No_Exam_9170

ASST and MSTR wealth gainers

Deep_Decision4441

What do you base that on? BTC could be used as an auditable form of regular settlement that's cheaper, faster, and more reliable that what financial institutions currently use. Literally, a world reserve currency, that operates closer to digital gold. If the lightning network ever takes off, that'll also enable very cheap/fast transactions. I see a best case scenario that's a lot more useful and functional than the one you see. But that's the bet, right? If everyone thought like I did, there'd already be adoption, and MSTR wouldn't have its potential upside.

No-Masterpiece2246

Explains why MSTR shares are up 30% in the last 24h

Hfksnfgitndskfjridnf

Saylor has put himself in a position where he needs to raise an every increasing amount of capital or his whole position collapses. I called it the treadmill of doom over a year ago. The creation of STRC and the massive amount of issuance is likely the final speed of the treadmill before he falls off. It’s never the first 50 Billion of capital raised that’s the problem, it’s the specter of having to raise another 50 Billion more and then 100 Billion after that to keep things going that becomes the problem. They owe 1.2 Billion a year in dividends, like 1.4 Billion after this past week. They only raised a little over 20 Billion this past year, meaning over 5% of their on going capital raises are earmarked for dividends only, not adding more BTC. A few more months of this level of STRC issuance and that might reach over 10%. This is where the problem starts. They must continually accelerate how much capital they raise just to keep up with the ever increasing dividend obligations. And at some point the market isn’t gonna be there for them to do that. And then they are screwed. Also keep in mind there are only 21 million Bitcoin, and MSTR already owns 800k of them after this week. That’s 4%. They started this journey 5 and a half years ago, and the way exponentials work, they are actually closer to the end of their Bitcoin journey than they are to the beginning of it. It will inevitably implode, the only question is how big do they get before that happens. Is that 10% of all Bitcoin? 15, 20%? The more they buy, the more illiquid it becomes and the more likely they are the only real buyers.

Keats852

I would diversify into Bitcoin spot ETFs, MSTR (which has traded above Premium), and then maybe do BITX starting 2.5 years from now, when BTC is back to 70k (from the expected pullback, if you believe in the cycle).

Torshein

You will get destroyed by beta decay and under perform directly holding Bitcoin. If you want leverage on Bitcoin you need perpetual futures or MSTR. Do not HODL BITX or you will most likely lose money.

bitcoinphilosophy

BTC, ETF, or MSTR? [https://youtu.be/JFz6gGP\_rrE](https://youtu.be/JFz6gGP_rrE)

steppe5

I'm not talking about MSTR. I'm talking about STRC. The dividend is the promised profit. They can only pay the dividend if they can attract more MSTR investors.

Hfksnfgitndskfjridnf

Raising the first 100 Billion is the easy part. Raising the next 1 trillion to keep the thing going is what’s hard. MSTR has been raising a little more than 20 billion in capital the last couple of years. They currently have 1.2 billion in yearly dividend payments (and will be 1.3 billion on Monday because they probably sold 1 billion of STRC last week). So they are right around 5% of their yearly capital raises goes towards dividends instead of buying Bitcoin. That percentage will get larger and larger every year as they issue more and more STRC. At some point that percentage going towards dividends instead of buying Bitcoin will become too high and the capital markets won’t be accessible to MSTR anymore. Then the whole thing collapses. It’s inevitable because Saylor will never stop until it’s broken.

iwakan

>t won't be MSTR, it will be everyone holding STRC. It will be both. If/when STRC fails, MSTR loses all credibility. They will hardly be able to raise another cent from investors, which will likely force them to sell BTC at some point, which will trigger a death spiral tanking both MSTR stock and also BTC itself.

steppe5

STRC dividends are paid by selling new shares of MSTR. The new investors are those buying new shares of MSTR. The old investors are getting STRC dividends from the new investors.

FnAardvark

That's not the definition of ponzi scheme. It's an extremely reductionist version used to make a dishonest argument. What you're doing, is no different than saying an elephant has legs, and a human has legs, therefore they are the same. A ponzi scheme doesn't have an underlying asset backing it up. You can argue that MSTR will be forced ro sell their bitcoin to make investors whole, but a ponzi scheme is fundamentally different. You can also make the argument that investors are taking on the risk of bitcoin losing value when they invest in STRC, but that is a know risk. Hopefully, this clears things up for you.

mellowanon

If you're so sure it's a ponzi scheme, then go ahead and report it. Look, here's the website for it. https://www.sec.gov/submit-tip-or-complaint/tips-complaints-resources/report-suspected-securities-fraud-or-wrongdoing There's a 10% to 30% reward gain. MSTR owns $51 billion dollars worth of bitcoin. You could be a billionaire. Anyone at MSTR who's overseeing their bitcoin could report it and have fuck all money.

steppe5

It's paying out "profits" to existing investors using money from new investors. Kind of like, Selling new shares of MSTR to new investors and using that money to pay dividends to existing investors.

steppe5

A Ponzi scheme only works if you continue to have new investors buy in. This scheme only works if Bitcoin/MSTR continues to have new investors buy in. Find the difference.

HSuke

Loans at 0% interest rates still need to have their basis paid back. He actually only has about $1.5-2B in cash, which is far less than the $8B in loans. They would need to sell MSTR since he refuses to sell BTC.

Deep_Decision4441

A lot of people here (reasonably!) think this is a pyramid scheme. I see it slightly differently - It's a BIG bet on the idea that bitcoin will gain widespread adoption. This bet absolutely could fail and MSTR + holders would be big losers. I think most folks who buy STRC/MSTR actually know this and are betting on a similar future. I think Saylor is making this bet, believing it will play out as he expects but understanding that there's a chance it won't. Note: I do not hold STRC, but I've been considering it. I likely will choose to just buy BTC instead, but I find his play interesting and worth investigating.

filenotfounderror

Yes and no. People are going to get burned, but it won't be MSTR, it will be everyone holding STRC. MSTR is juts going to walk away from their dividend obligations at some point and leave everyone else holding the bag while they ride off into the sunset. To be clear though, they probably won't have a choice. It will be that or insolvency.

Spank007

1. Wrong, bitty drops, dividend goes up as Saylor can buy more bitty with your cash. This is already happened many times hence why it’s currently at 11.5 2. Bitty goes up then happy days. Don’t put all your eggs in the STRC basket. Buy STRC and put dividends into MSTR.

HSuke

That cash isn't just for dividends. Microstrategy also has $8B in convertible debt to pay back, and it's nowhere near the $300-600 MSTR price at which lenders would choose to convert.

HSuke

They have enough to pay dividends for 2 years, but the $1.5B cash is also needed to pay off the other $8B in debt maturing over the 4 years. And the more STRC shares are issued, the quicker that cash runs out. MSTR price is currently far too low for most of the $8B in debt to convert into shares. They could reduce the dividend rate, but if they reduce it too much, then holders will sell in mass.

AidenTai

Well, if you look at the buyers, it's more spot (ETFs, companies like MSTR and retail) that seems to be buying. The normal tradefi seems to be more quiet, so those whales aren't taking all that much interest in raising prices now. Longs haven't risen as much as you'd expect, which actually means any drop from here might not be as drastic as the last time we had a similar setup play out.

OrangePillar

Strategy is leveraged bitcoin. When bitcoin goes up, Strategy goes up faster. But when bitcoin goes down, Strategy also goes down harder. If you like bitcoin, and a lot of us do, its volatility might be enough for you without the leverage from MSTR. In that case just buy spot bitcoin. MSTR exists for portfolios that can’t easily access spot bitcoin. If you can buy spot, and you don’t love volatility, buy spot and leave MSTR to others.

lamensterms

Yeah this feels like a terrible direct for MSTR.. Stinks of classic crypto scams with manipulated mechanics and price control and stuff The AI ads are the cherry on top

yadius

Buy the NASDAQ listed stock $MSTR through the bank's stock brokerage.

dataCollector42069

I don't think you are smart enough to realize. MSTR issuing new shares devalues current share holders lol

SilverPrivateer

This place? A ghost town The buyers of BTC are whales and Saylor for MSTR while you guys... I don't even know what you guys do here anymore haha. At least I'm buying bitcoins through my MSTR and keeping this market alive for ya'll np

KateR_H0l1day

1. STRF (Series A Perpetual Strife Preferred Stock): The most senior preferred share, designed to be overcollateralized with lower volatility, often considered similar to investment-grade securities. 2. STRC (Variable Rate Series A Perpetual Stretch Preferred Stock): A unique, high-yield flagship series with a dividend rate that adjusts monthly to keep the share price near $100. 3. STRK (8% Series A Perpetual Strike Preferred Stock): The only convertible series, with each share convertible into 0.1 shares of MSTR common stock, positioned between STRF and STRD in risk. 4. STRD (10.00% Series A Perpetual Stride Preferred Stock): The most junior preferred stock, sitting directly above MSTR common stock in the capital structure.

callebbb

You call a 50% CAGR since Jan 1 2014 bad performance? Thats at the lows of this cycle. If that’s bad performance then S&P 500’s 11% CAGR over the same time frame must be garbage. I get the whole “past performance doesn’t dictate future results” mantra. Obviously I am not assuredly saying Bitcoin will continue at that pace. But to argue that it will suddenly become a bad investment, when historically it’s been THE BEST investment, is asinine. Same for MSTR. It is up, at today’s valuation, 700% since they adopted a Bitcoin reserve strategy. 🤷 My money is on BTC and MSTR. My cash is in STRC, earning a monthly dividend of 1%. And I’ve been in this asset class since 2016.

Excellent-Notice6325

Do not forget to add some Micro Strategy (MSTR) thats Bitcoin on steroids.

Sleavitt10

The stock price of MSTR and their ability to borrow money (which is not the right term to use anyways, because preferred stocks aren't actually considered borrowing money; he's paying dividends, not interest) has no effect on STRC so it doesn't matter that that is out of his control. For easy math, let's say he has a hundred billion dollars worth of bitcoin. If it goes up 2%, that would be 2 billion dollars of dividend payments. He would sell 2 billion dollars of bitcoin to pay the dividends, and he'd still have a hundred billion dollars worth of bitcoin. It's really easy to shit on Bitcoin and Bitcoin-related companies in the middle of a big drawdown, but time will tell. I think that over time Bitcoin will continue to outperform most other investments on a risk-reward basis, and I believe that MSTR stock will outperform Bitcoin. I also believe that STRC will continue to be a safe investment that will provide a steady stream of income for people who want exposure to the ROI of Bitcoin without the volatility of Bitcoin.

TheRhythmTheRebel

The value on Kraken on listing will be pegged to the crypto market cap and general sentiment. Look at MSTR, COIN, BMNR, CRCL, Gemini and countless others. As far as compliance is concerned Kraken is certainly more respected than its counterparts. So failing breaches or something tangible, they’ll be fine… Agree on comments above. They filed a while back and this timing couldn’t be worse for them value wise. Regardless, I don’t understand why you would invest in any of these companies if you own cryptocurrencies… Spread it out a little..

baIIern

Starting to sell would be the end for MSTR

Notoriousrb

The majority of people buying STRC are retail though so your point is invalid. MSTR holders are now facing perpetual dilution unless dividends get suspended. Saylor said he is going to issue 21 billion STRC. That's 1/2 of their current BRC holdings... It doesn't take a genius to work it out.

callebbb

On top of that, STRC is a variable rate preferred. So the rate is liable to change. In fact there are predetermined rules, subject to change at MSTR’s board’s discretion, that dictate how that rate changes in an effort to keep the shares at $100. On top of that, the preferreds have varying seniority in payout. If I’m not mistaken, STRC is the most senior. Saylor’s bet is that he can gobble up the $100+ trillion bond market. There are way too many people with opinions on the matter that just have no clue how the fintech stack of MSTR works, and what position you tech from an investment thesis standpoint, when you buy these products.

RevengeRabbit00

If you made a bet in 2022 that MSTR would not sell bitcoin you would have lost. It doesn’t matter that it was a wash sale and the bitcoin was immediately purchased back. I don’t think those sales are legal anymore but who knows what reason there could be for selling at this point.

shakdnugz

One concession is that Strategy determine the number of STRC outstanding, so it can never get "out of hand" per say.. They can limit the issuance to the amount they believe they can afford, it's not like a JPM or Citi can just print x number and expect a dividend.. So with that in mind STRC < BTC holdings notional. 2nd it's not protocol, decentralised or liquidity based.. The funding comes from declared and reported assets. He's said it a million times but its "stepping down" the vol, so if we anticipate >12 ARR, then Strategy pockets the alpha and pays out the rest in dividends, and as the industry matures, you shouldn't necessarily expect them to need to sell, they could collateralise stock, some other financial instrument, or the underlining bitcoin. Compare that to say a Celsius, or Luna which has a less broad base user base than bitcoins, where liquidity was provided by retail and MM. You would need to expect a run on BTC first, before MSTR, or STRC is at risk -- no where near similar to a run on Luna or Celsius. Disclaimer: I don't own or endorse STRC or MSTR; NFA.

Glazindon1

For context, I already own some spot bitcoin, IBIT, and ASST. I’m probably at around 35% allocated to bitcoin at the moment. Will be much higher if I fill port my TFSA into an ETF, I also considered MSTR the CAD hedged version of MSTR

NotAnotherRebate

ETF all the way, maybe even MSTR for a more leveraged buy. Buying the actual BTC is just asking for the possibility of getting your coin hacked/stolen, you forgetting your keys, or you get scammed out of them.

Paladin340

$MSTR or $MSTE from here going forward.

Business_South_7956

Have to count how many MSTR investors own the equivalent shares.

JoeSmith716

I have IBIT, BITX, BITO, BTC, GBTC. Also a coinbase account and MSTR stock, probably the equivalent of 5 or 6 bitcoins.

No-Put7619

For me it both is and isn't. It bends my mind. It seems that the only way to fight MSTR is to let Bitcoin rip higher in dollar price to force MSTR to use more dollars to get less Bitcoin. Even if you do that MSTR still wins but they don't win as much or as fast. Also, it feels like STRC demand has a correlation to the private credit crisis...But I may be imagine it.

Deep_Decision4441

While MSTR refuses to provide their btc addresses for reasons (which I don't love), they ARE audited regularly by respected auditors, which would presumably raise any red flags about missing BTC.

donttakeitfrommebut

I dont think so, when a exchange stops They will ask you to move your coins to another wallet. When MSTR stops, im pretty sure they will pay out your share.

ThreeTonChonker

Wrong. MSTR is buying physical Bitcoin. Why make up bullshit?

CoffeeAlternative647

That applies to MSTR too. There will be a day when proof of reserves will be mandatory and these guys will be left only with his underpants.

Glad-External8640

equivalent to shares .....MSTR holds for shareholders like some exchange holds on behalf of people

behyot

60% self custodied Bitcoin 20% MSBT 20% MSTR

Logical-Tax-4462

MSTR can be wild ride though, goes both ways pretty hard. I've been watching it for while and when BTC drops even little bit MSTR just gets hammered way worse For that amount maybe split between direct BTC and some of these ETFs? The yields look nice but always check what's behind them first. I learned this hard way with some other "safe" crypto yields lol IBIT seems solid choice if you want exposure without dealing with wallets and all that

ThatCommercial3587

MSTR all in

Mysterious_Olive3418

MSTR is a leveraged Bitcoin proxy. You as a shareholder will never own a Bitcoin.

ProgramLow8782

So they're taking MSTR's playbook re. STRC... wowsers

Aggressive_Estate688

This sounds more like a custody problem than an investment one. Moving to MSTR just to avoid self-custody risk means giving up control completely. A better move is fixing the setup. Trezor stress usually comes from the seed phrase. Tangem removes that, no seed to manage, just backup cards, much easier to live with long-term. I’d keep the BTC and simplify custody instead of switching assets.

TraderJulz

You do know that Saylor is a convicted fraudster right? And he's running the same scheme with MSTR

fucken_jim

You have NO control over that BTC, therefore the BTC MSTR have is not yours. If you only own MSTR shares, you have control of 0 BTC. Simple.

volocom7

Late to reply but reading back our chat, I do agree with you. Bitcoin is what should be bought over MSTR. That being said, I do personally think its reasonable to give MSTR a portion of my portfolio. The reason is because they are building the bridges between hundreds of trillions of dollars in fiat world buckets (bond market, equity market, dividend stock market) to Bitcoin. I think its a magnificent mechanism they've built and I think having some fiat money in their equity will do well for the forseable future. Super long term I think very little investment vehicles will exist outside of Bitcoin. Its hard to fully wrap my head around that phase of a paradigm shift like this.

Lavayo

MSTR alone excludes a few thousand people per week from ever becoming wholecoiners.

geneius

Exactly. MSTR can sell or borrow against that BTC without asking shareholders, thus shareholders don’t own the coins.

Djidji1997

In fact, it’s a smarter move to buy MSTR now. Ride up the bull, sell and put it in STRC. Next bear accumulate in real BTC

Major-Baseball-5391

the key point in your argument is "sole trustee". Shareholders of $MSTR are in no way the "sole trustee", Saylor probably is but the shareholders aren't.

pretendingtobebroke

MSTR is not an ETF, it's a company which happens to own a lot of BTC. Owning MSTR shares does not entitle you to BTC.

BakingBreadBB2

The MSTR "rally" in question : Price: 139.89 USD 1Y performance: -55.08% - 1Y price performance: -171.56