MSTR

KateR_H0l1day

I do a similar thing with every coin, I end up deciding if it’s worth investing in, have 3 types of rankings, dependent upon risk/reward, plus likelihood of success to its ATH. Once started, the entry price becomes my yardstick, 95% of the time, only buy when it’s actually red. How much it’s down from the entry price, dictates how much I’m buying. Some times coins change ranking positions, up or down, which dictates a new yardstick price. Similar format works with my Crypto ETF’s. For both Coins & Crypto ETF’s, very little has been sold, but some I’ve completely come out of. Last three years, been slowly selling TradFi and increasing Crypto ETF’s, selling more TradFi, such as S&P500 as it got higher. BTC in the green, but things like MSTR, still in the red a little. But, lately added ASST, which is green. My overall portfolio is definitely red, but also portfolio is so much bigger than a year ago, as I’ve been adding red more. I’m happy for the red, only because I wasn’t buying to sell in 2026. This has been going on for over 5 years, but buying BTC-ETF was when it first became available, all other Crypto ETF’s came later, ASST only been in the portfolio a couple of months. MSTR is the biggest $value, BTC (ARKB) is well up there, but during this downturn, MSTR attracted more buying, this will revert I’m sure!

Routine-Can-1678

You can do MSTR to outperform, as long as the CEBE is low enough. The simple fact that they have nearly 50% debt means market cap is way lower than the Bitcoin holdings. When BTC is way higher, the debt ratio goes down, so you get the benefit of operational leverage. Also, we are at a pullback stage now: +162k jobs with +55k revisions and nowcasting models of VERY HOT inflation of 0.35% MoM headline inflation / 0.27% MoM PCE Core inflation + hawkish Warsh = no room for the doves to pause We will deanchor inflation expectations if we leave things be. The Taylor Rule suggests that we are in somewhat accommodative rates in after-inflation terms

Worldly-Ad-1274

I use BTC like saving account and I buy MSTR and ASST for making some extra money 🤑

MethodicalMarcus

Btc 3k MSTR 3k Strive ASST 3k SLE 1k

quietbyday

The mechanics of Strategy buying BTC are different. They should be buying high. The thing they are buying Bitcoin with (MSTR shares) goes up in dollar price when BTC goes up in dollar price. Not only only that, it goes up at an amplified rate on average. So, if Bitcoin is 5% higher today than last week, the money they can get by selling shares might have gone up 7% or so. So, he is actually getting Bitcoin at a discount when it goes up. As a rough proxy, look at IBIT - up 2.4% over the last 5 trading days, will MSTR is up over 11% over the same time. Would you rather buy a widget worth $100 for $100 or a widget priced at $102.4 with $111? In the first get case, you get 1 widget, while in the second you get 1.08 widgets. In other words, 8% more. It's counterintuituve for a regular retail buyer, but it's actually a worse deal for Strategy to buy when BTC is low, because of the very unique asset they are buying it with and how it grows at an amplified rate relative to the thing they're buying.

Objective-Walk6780

Buy MSTR and not worry about losing your coins. You will get more return than buying Bitcoin too. In the next 1-2 years at least.

hegdefucker

MSTR

heisthemaincharacter

I already own a full BTC. MSTR was the leveraged trade. I bought it in the low 80s because when BTC rips, MSTR tends to rip harder. You really thought you had a gotcha here.

Illustrious-Egg7514

I have invested recently into crypto and can tell you how I did invest, no hypotheticals. Assets purchased, IBIT MSTR ASST BTCI BITA, the first BTC exposure, the next 2 high octane BTC, the last 2 BTC income. Allocations roughly 40% IBIT 20% each MSTR BTCI BITA and a small ASST %. Not interested in alts at all…getting both BTC growth and income.

TxTransplant72

Stack IBIT, ASST, MSTR in the bear. Sell options for retirement income, kids inherit at stepped up basis.

Intelligent-Dig-4082

Order flow is suggesting another crypto run this upcoming week. Think MSTR sees 150 COIN sees 190. Same thing I saw this week before we had the run over 80k

Old_Cucumber_1343

i got a little bit of everything. MSTR / IBIT / self custody / some on an exchange that survived a bank run during FTX

Gloomy_Dependent_985

I sold my metaplanet shares earlier today for MSTR instead. Don’t see the point anymore in metaplanet over MSTR

Hfksnfgitndskfjridnf

lol sure dude. My original point was that BPS has decreased and that senior claims have increased since the STRC IPO. You’re the one who brought up something entirely irrelevant to what I was talking about originally so don’t give me that bs about not addressing your point. And you then start on about long time frame after asking about what’s happened in the last 24 days? Jeez, talk about being inconsistent. And no, STRC will never come near 1T. They could barely handle the Bitcoin volatility at 10 Billion, they certainly won’t be able to handle it on a significantly higher amount. Do the math, either STRC doesn’t grow much and they don’t increase BTC per share hardly at all, or they issue a ton of it and then the next BTC 50% crash they’re screwed. It’s a lot easier to raise a few Billion in a couple months compared to 10s of Billions. And even the few Billion they raised this time has led to significant shareholder value decay. You already have less BTC per share than before they started issuing STRC. That trend will continue, MSTR might end up with 1-2 million BTC but BTC per share will still be lower than it is now.

Hfksnfgitndskfjridnf

And how much BTC per share did they lose compared to 24 days ago? I thought it was you guys who wanted MSTR because they were increasing BTC per share overtime. It’s down 16.7% the last 3 months. Congrats, they sold a ton of BTC exposure to raise cash. STRC has been a disaster for MSTR.

gamer1606

I don’t own any BTC directly but have 505 shares of $MSTR at 135 avg

KateR_H0l1day

I've lots of Alt's and a couple of memes coins, very small amount of ETH just for fees! Plenty of BTC & it's derivatives, MSTR/ASST/STRC/SATA/MSTY/BTCI/XXI/MTPLF/GNS. But that's just me. 🙄

Longracks

It's not that it was for practical reasons to free up cash to pay dividends - seems like he was in a forced sale postion to cover his olbigations. The problem is Saylor has spent the last how ever many years preaching "never, ever, ever, ever sell btc" Then he sells. He can never be the guy who never sells btc again. His credibility is blown on that front. And as MSTR shareholder is not clear what premium MSTR brings anymore. Don't make promises you can't keep.

Hfksnfgitndskfjridnf

Yes, they have 10 Billion in STRC and only 6 billion in cash + 1.5 debt retired. So they have more senior obligations now and less BTC per share than before launching STRC. Thats what happens when you issue STRC to buy BTC at 80k and then dilute at 60k to build a cash reserve. It’s also why using their new mNAV doesn’t tell you the whole story, its not really accretive just because it’s above 1. Since senior claims stay fixed in dollar terms, when Bitcoin tanks, MSTR tanks more yet mNAV can stay the same. And it’s pretty obvious that issuing shares when MSTR has tanked more than BTC is worse than if they issued shares when MSTR has gone up more than BTC even if both are at the same mNAV. This is another reason why STRC is a bad product for MSTR shareholders. It’s more likely to be at par when BTC is up big so they are basically buying the top every time. But they have to pay the dividend every 2 weeks regardless, even when BTC is down. It structurally makes them a top buyer and bottom seller. If they have to pay 12% and keep 2-3 years of cash reserve it can still be a net negative for shareholders even if BTC compounds 30% a year over the long term because the volatility eats away at that spread difference.

gizram84

He's not a day trader. This wasn't about timing the market for profit. The sale was needed to satisfy corporate requirements regarding STRC. The buys were just typical MSTR purchases that happen independent of price action.

Nice_Material_2436

Guess what, MSTR Ponzi investors don't give a shit about Bitcoin, all they want is their dirty fiat payout.

HSuke

We're looking at a cult with a financial IQ under 50 because they self-censor by banning the rational ones. They don't even understand that mNAV is the effect, not the cause. Or that the new goal of maximizing BPS actually reduces how high mNAV can climb. https://np.reddit.com/r/MSTR/comments/1w6ie56/help_me_understand/ It's like asking why the stock market crashed in 2008, and getting a response of "because people sold" ... but as a serious response, not as an ironic joke.

JAYUZUMI

Buy MSTR

aceofangel

Do people not understand MSTR’s strategy is to maximize its holdings. So when its stock trades at a significant premium over its btc holdings, then they will sell stock to fund obligations + buy btc. And vice versa when the premium flips to a discount.

FewUnderstanding2214

Exactly - and people are constantly posting about MSTR on here

heisthemaincharacter

Loaded up on MSTR during the FUD when Saylor was selling. I remember sentiment being at rock bottom and Reddit absolutely hating on Saylor. Feeling like a fucking genius right now.

Clchalbaud

It’s true. These permabears constantly calling for the bottom to fall out, claiming they’ll finally buy when Bitcoin hits $40K, are full of it. Their entire game is to create fear, convince people to sell, and reinforce the short thesis. They have no real intention of buying BTC or MSTR. If Bitcoin ever did fall to $40K, the goalposts would immediately move. Suddenly they’d be telling everyone, “Don’t buy yet—$20K is coming,” complete with new charts, new targets, and another supposedly foolproof bearish thesis. You see the same characters doing this across every group and every market cycle. Whether they’re actually being paid by large shorting firms is another question, but their behavior certainly benefits the short side: amplify fear, destroy sentiment, encourage selling, then move the target lower every time the market falls.

WeekendQuant

A new feature of MSTR is that his hand can be forced by the market whereas once upon a time MSTR was considered a black hole for Bitcoin.

gizram84

He's not a day trader. This wasn't about timing the market for profit. The sale was needed to satisfy corporate requirements regarding STRC. The buys were just typical MSTR purchases that happen independent of price action.

RelationshipShort460

el salvador has a GDP below MSTR's market cap. They're not meaningful.

DrXaos

MSCI makes indexes and they regularly exclude exchange traded funds. MSTR is like a closed end fund in its major operations and I think the index deletion is correct. If they exclude bitcoin etf they should exclude MSTR.

eddie_oblak

Also very few seem to understand Saylor settled for fraud. He's a known fraudster. Good luck with the MSTR!

fireballx777

Valid question. The two main reason to buy MSTR at a price premium (as far as I can see) is because you believe that Saylor's arbitrage strategy will increase the Bitcoin/share over time, so you believe you'll eventually get more Bitcoin for your dollar value, even taking into account that you're paying a premium now. If there's a 5% premium, it means you can use an equivalent amount of money to buy 1 Bitcoin or ~0.952 Bitcoin worth of MSTR stock. But in a year or two, that MSTR stock might represent the equivalent of 1.01 Bitcoin. There's definitely a lot of risk involved, on top of the usual price risk of holding Bitcoin. And many of the risks would be considered very bad from a Bitcoin maxi perspective. 1. Risk of the premium going up and down over time. 2. Counterparty risk of another entity controlling your Bitcoin. Saylor is very loudly, publicly pro-Bitcoin, and a lot of people take him at his word. But there's no guaranteeing he will always feel this way. Or that he'll always control Strategy (e.g., what happens if/when Saylor dies?) 3. Even if you assume Saylor will continue his Bitcoin policy exactly as he's laid out, and Strategy will continue it even when someone else takes over, there's still the counterparty risk of someone else being in charge of securing "your" holdings. What if Strategy's holdings get hacked? People buying MSTR believe that these risks are minimal, or at least that the possible benefit of being Bitcoin accretive outweighs these risks.

Snowman33001

MSTR has already almost bought back all the BTC it sold. And it still holds over 840,000 BTC.

Weak_Sprinkles_9937

But, considering this is being done, why would investors price MSTR at a premium, knowing that saylor will sell MSTR to buy bitcoin. Besides, how is it even beneficial at a scale, the benefit seems to be very marginal, considering he is diluting the investor share.

GovernmentNew6719

Are you feeling any better today? Give it a week or two. You will feel so much worse. MSTR is going sub $100 after the fed's rate hike.

Mikfinity_

I've only kept a very limited allocation towards MSTR (5% of my crypto, 1% total portfolio) but this thread really changed my perspective on it. Especially your comment. Theoretically, if you had some cash on hand right now, would you start deploying now toward MSTR or wait until Oct-Nov to see if the ''bull-trap'' thesis does play out - Giving opportunity for BIG buying. I'm loving the mNAV and fear right now.

arBettor

Yeah, I was mostly joking in response to the unserious answer to my original question. But your comment supports my original point that SPCX and MSTR aren't comparable, thus decisions on their index inclusions aren't related.

fireballx777

He's diluting current investors in the traditional sense, in terms of percent of market cap owned. But it's accretive for investors in terms of amount of Bitcoin owned. To use super simplified numbers, let's say Strategy owns Bitcoin worth $100k, and there are 100 shares of MSTR outstanding, of which you own 1 share. Each share represents 1/100 ownership of the company. Ignoring any other value of Strategy, just based on the value of the underlying Bitcoin, each share should be worth $1k. Now let's say the shares are trading at a 20% premium, at $1200 each. Saylor issues 100 new shares and raises $120,000, and then uses that to buy Bitcoin. As a shareholder, you have been diluted in the traditional sense, in that you now own 1/200 of MSTR instead of 1/100. But you own 1/200 of $220,000 worth of Bitcoin, which should be worth $1,100. You own a smaller slice, but the pie got bigger. This strategy only works as long as MSTR is trading at a premium. You could do a similar but opposite strategy if/when it's trading at a discount -- sell Bitcoin to buyback shares. This would also increase remaining shareholders' portion of Bitcoin nominally owned. I think Saylor plans to avoid this due to the optics of selling Bitcoin unnecessarily. This is obviously also very oversimplified. Theoretically you could do this kind of accretive selling/buying with any amount of premium in the share price vs underlying Bitcoin. In reality there's friction involved in both buying and selling, large moves in either direction cause unfavorable price movement, and there is some time delay between raising capital and being able to spend it. So in reality, it's only worth doing all this if the premium is significant enough to outweigh the risks. You can watch how the premium fluctuates over time: https://charts.bitbo.io/mstr-nav-premium/. At the height of MSTR's price towards the end of 2024, it was close to a 200% premium.

arBettor

Yeah, either way, if you outsource your investment decisions to an index/committee, then you get to live with the decisions of that committee as long as you're exposed to the index. You may not agree with their decisions, in which case you can buy another index ETF or build your own portfolio. If you wish MSTR was in your ETF still, you could literally just buy shares of MSTR to supplement the ETF.

Tall-Ad1293

Reddit sees “sold at 64k, bought at 78k” and immediately goes full portfolio manager 😂 MSTR isn’t a swing trader. The whole game is raising capital when the market gives them favorable terms and turning that into more BTC per share. Roast the structure if BTC/share stops growing. “He didn’t buy the exact bottom” is NPC analysis.

Legrosbelge

The good thing is, while they take their time to understand, I can buy as much MSTR as possible.

oxxoMind

THat is the DCA, they tap at-the-money when trading volume of MSTR is high so when they issue shares it will only a little effect of the price. You'll need to do some research. This is just capital market finance 101

jeffdeansalem

Strategy can issue more shares when MSTR is trading at a premium to the value of its BTC holdings, basically when it’s above mNAV. When BTC goes up, MSTR’s trading volume usually increases as well. Strategy can use that liquidity to tap its at-the-market (ATM) offering and issue shares based on the trading activity that day. For example, over the last two weeks, MSTR issued around 15 million shares into the market at the prevailing prices. That’s only a fraction of the total trading volume, so the additional shares were easily absorbed without moving the price much and shouldn’t have a meaningful impact on the market price. The important part is that they can really take advantage of this when MSTR is trading above mNAV **and** there’s high trading volume. And that typically happens when BTC is rallying. So the higher BTC goes → the more MSTR volume/liquidity → the more efficiently Strategy can raise capital through the ATM.

Usual_Suspect8663

You guys really don’t get it do you? MSTR share price increases by over 50% in that time frame, BTC increases by 20%, they ATM the shares at the 50% so they actually get a discount on the BTC then if they had bought at 60k. Like it’s basic math and is better for BTC per share

Subject-Chest-8343

Well, selling low isn't really the goal, but in a broader sense, the stock being an amplified expression of bitcoin exposure is a feature, not a bug. The derivatives market on MSTR is bigger than that of IBIT, even though the latter has more than 3.5x the market cap. This in turn fuels liquidity on the stock, giving them the ability to raise cash so easily.

RustOceanX

I want to be honest with you. If people like you all understood why Strategy buy at higher prices, then people like me, who already know this, wouldn’t be able to accumulate MSTR at such a low price. Asymmetric knowledge determines whether an investment makes you wealthy or whether you’ll be among the 99% who only wake up when, after x years, the price trend reaches a plateau, and while others have already made 10–100x their investment, you can only hope to make 2–3x over years. I’m not saying this to hurt you, but that’s the harsh reality. We are all constantly “victims” of a lack of knowledge. Because you can never understand everything or know everything. At some point, we all realize that certain groups have become rich because they knew certain things very early on. So the question is whether you'll soon understand how to evaluate Strategy, or whether you're one of those who turn away, confused and skeptical.

jeffdeansalem

Perhaps before posting this you did some research on why Strategy is doing this. Saylor and his team are no fools. You look foolish posting this while not understanding MSTR

jeffdeansalem

Perhaps before you post this you did some research on why Strategy is buying at the top. Saylor and the Strategy team are no fools. You look so foolish posting this without understanding MSTR

schmelf

They’re method for funding themselves lends itself to this. When BTC appreciates, their mNAV expands and they can sell MSTR shares for Bitcoin. Think of it like this, if BTC runs and their mNAV goes from 1x to 1.5X, that means they before the move one dollar is MSTR stock sold would buy $1 of BTC. When it’s 1.5X they can sell $1 of MSTR stock and buy $1.5 of Bitcoin. So they are in a position where they will usually buy high because the premium usually expands as price rises and contracts as prices fall.

Special-Prior-7272

He tried to explain this on a recent podcast (Diary of a CEO). Long story short he believed that institutional investors were betting that MSTR’s leveraged ETF could not withstand sustained downwards selling pressure. That confidence, liquidity, and credit would collapse if MSTR sold any BTC. They bet that once BTC traded under a certain ratio, it would force a BTC sale which would collapse MSTR’s ETF and likely the company. So they were shorting the shit out of BTC and MSTR. Saylor reasoned it would better to go on the offensive, sell some BTC, and prove that the ETF (and bonds) would be fine. Arguably, it worked.

oxxoMind

Nah, you just didnt understand how it works. The reason why they seem to buy at the top is because thats the time they can raise capital. When BTC rallies, MSTR's volume tend to go higher thus they can raise capital by ATM offering of the common share which they use to buy BTC, add to their reserve or repurchase perpetual stocks.

oxxoMind

Someone didn't understand why this is happening. Saylor and Strategy team are no fools. The reason why they seem to buy at the top is because thats the time they can raise capital. When BTC rallies, MSTR's volume tend to go higher thus they can raise capital by ATM offering of the common share which they use to buy BTC, add to their reserve or repurchase perpetual stocks.

bestjaegerpilot

trust him? He's been doing everything that's spelled out for all to see on the MSTR game plan nothing has been surprising

HSuke

https://www.coindesk.com/markets/2026/08/31/strategy-returns-to-bitcoin-buys-adding-usd370-million-worth-last-week He sold MSTR to buy BTC and buyback STRC

B1TB0TB33PB00P

I bought the MSTR and STRD top Michael. I'm a wounded soldier. Please don't leave me behind Michael. I'm bleeding Michael. The bears smell my blood. Please Michael.

AdmirableSock192

I trust that he’ll keep buying Bitcoin when the financing allows it. Whether that makes MSTR a good investment is a completely different question.

Crankllp

Why would you trust him the whole point of his business model was that he could squeeze extra BTC from his trading strategy and it’s a failure. He sells low buys high. MSTR should never trade at a premium to its BTC holdings and possibly should trade at a negative to its holdings based on his performance

HipOut

I find this entertaining and amusing and I appreciate what Saylor is doing overall but I’m so glad I don’t own any MSTR or STRC lol

Lefties_TheWorst7331

I actually dont even buy MSTR.. I have like a whopping 2 shares. I do buy BTC itself, though. As well as IBIT, and BTCI. However, not MSTR. That doesn't change the mechanics behind the dilution workings of MSTR, though. MSTR *has* to be diluted or they're leaving money on the table..

Agoraphobicy

Top of this cycle is in when MSTR buys 😂

snek-jazz

> He had to do it to fund his "digital credit" dividends in a bear market. He didn't really have to. It was more about showing that he could if he ever really did not to. What MSTR did this summer was not optimal for shareholders in and of itself, but instead it was answering all the FUD concerns: * "they can't sell any bitcoin" * "even if they did, it would crash the market - they're the only buyer" * "if they stop buying (and sell any) bitcoin will have a downward death spiral" * "STRC Is in a death spiral and MSTR can't do anything about it" * "their convertible debt won't convert and they don't have cash to repay it" They likely only had to address all of this once, so this summer was a exceptional and won't be the norm, even in another bear market.

Lefties_TheWorst7331

You clearly don't understand how the dilution of MSTR works either

MrStarrrr

MSTR Universe

HSuke

Every time I visit the MSTR sub, it's full of removed posts and people being banned. Their mods are actively creating a braindead community.

Cyrax1994

Hi boy, what do u think about MSTR now?

GovernmentNew6719

People are just freaking dumb. MSTR was trading around $330 one year ago and now it's $127. And people portray him as a hero. This is so freaking dumb. P.S. Is Michale Saylor the same guy who cooked his books during the dotcom bubble and found guilty? lol.

cool-lala

Next stop at 100k then 120 then 150 then 220k ath MSTR will be more relevant

mlhender

Actually I went easy on MSTR. If they had planned for this cycle they could have been acquiring bitcoin. They could’ve doubled their stack had they let off the accelerator just a little bit during the bull run to save some cash for this down cycle. MSTR’s opportunity cost here is well over 10000 bitcoin, arguably into the 100s of thousands of bitcoin.

harvested

Most of those companies were scams other than MARA and maybe MSTR on a good day.

Natural-Present2194

If you plan on buying more BTC, buy some shares of MSTR instead. It works like leveraged BTC imo. If btc moves x % this stock moves like 2x %

Jellydude25

I will never sell my BTC. I can use it to secure a loan if I need liquidity, but the commodity itself is a HODL. I buy MSTR to take profits at the top of the cycle, to buy more Bitcoin. swing trade BMNR to raise short to mid term cash!

theincognito66

I took some profit on my MSTR and ASST holdings earlier today hoping the price would continue to pump since that's what happens whenever I sell anything

InvestOrDont

He also posted that AI image of himself on a lifeboat escaping the sinking Titanic when Bitcoin, MSTR, and STRC were crashing. What message is that supposed to send?

Bunkport

Dram s tic. Did MSTR p a y for that?

Snowman33001

MSTR currently owns over 840,000 BTC. That’s 4% of the terminal supply.

Primary_Register_526

After a year-straight streak of daily bear posts, we also haven't heard from that Fan guy in 8 days now, since this recent rally took hold. Must just be coincidence. Funny how just 10 days of strength is all it takes to annihilate the doomed narratives of "MSTR/STRC death spirals", "nobody except Saylor is buying anymore", "there were just no shorts left to liquidate (this one was hilarious in retrospect after $3B in shorts got wrecked)". There's nothing left in the bear playbook now but "dont worry my astrology says we still dump -50% from here within 2 months" lol.

TankedNebula45

Just do it and quit asking us MSTR is levered enough for me

Reasonable_Ad5611

Sure, I'll take the bait too. First, a small correction: you're not a bitcoiner, you're a Saylor-er. MSTR is a software company that borrows money to buy bitcoin and trades at a premium or discount to the coins it actually holds. You own a leveraged wrapper on the asset, which is a funny position to argue from when your whole pitch is "I hold the pure, unimprovable thing." But fine. I won't argue for "fartcoin" but for Ethereum, since fartcoin is just a strawman you want to throw up. Here's the difference between Ethereum and fartcoin, and for that matter between Ethereum and bitcoin. Bitcoin's entire value is a story: it's scarce and it never changes, so people agree to treat it like gold. That story is doing all of the work. Nothing runs on bitcoin. Nobody pays to use it beyond moving it around. MSTR exists precisely because bitcoin can't do anything on its own, so somebody had to bolt a corporate balance sheet onto it to make it "productive." Ethereum is the opposite bet. It's a settlement network that things actually run on, and it charges rent. More stablecoin dollars settle on Ethereum and its L2s than on any other chain, and stablecoins are the one crypto product with undeniable product-market fit: hundreds of billions of dollars that businesses and people in Argentina and Nigeria use every day. BlackRock's tokenized treasury fund runs on it. Coinbase built its own chain on it. Robinhood built its tokenized stocks on it. Every one of those transactions pays a fee, and the fee is paid in ETH. That's the part fartcoin can't say and bitcoin doesn't even try to say: ETH pays you to hold it. Stake it and you earn roughly 2.7% a year, paid in the asset, from issuance plus fees other people paid to use the network. Is the valuation demanding? Sure. Is it a meme? No. It's closer to owning a piece of the toll road than owning a rock everyone has agreed is valuable. And on "never changes," which bitcoiners treat as a feature: Ethereum moved from proof-of-work to proof-of-stake in 2022, cut its energy use by over 99%, and cut its issuance to roughly bitcoin's level, all without a hard-fork civil war. That ability to actually ship upgrades matters for the two problems that are coming for every chain whether it likes it or not. The first is the security budget. Bitcoin's security is a block subsidy that halves every four years, and the plan for what pays the miners in 2050 is basically "fees will figure it out." Ethereum doesn't have that cliff. Validators are paid from a small, steady issuance plus real fee revenue, there's no halving countdown, and the cost of attacking the chain is the value of the stake itself, which gets destroyed if you try. That question is answered; bitcoin is putting it off. The second is quantum. The Ethereum Foundation already has a dedicated post-quantum team and a roadmap for moving to quantum-resistant signatures, and the community has a track record of actually executing migrations of that size. Bitcoin's post-quantum conversation gets stuck at step one every time, because any fix requires a governance decision about what to do with the millions of coins sitting in old exposed addresses, including Satoshi's, and "never change anything" is not a strategy for a problem that requires changing something.

SilverPrivateer

Okay. I'll bite. I've been a bitcoiner via MSTR for some time now, but if ONE of you can explain why "fartingcoin" is worth 200 million dollars, I'll buy 100 bucks worth. Go ahead, memecoiners of reddit. Let's hear your genius. Because I think I'm pretty happy being a bitociner instead.

SerenityCerulean

I’m 60/40 ASST/MSTR. ASST have a good chance of outperforming MTSR (already is) this cycle. They haven’t got the capital market access like MSTR do. ASST have bought 5.5% increase BTC holdings recently. I can see the future can be bright, just imagine if they get the bigger funding via SATA. Scaling would be a lot bigger than MSTR as it’s a small company. MSTR if you want security, ASST if you are feeling bullish and wants to chase gains.

Ocilla

Thoughts on MSTR vs ASST?

Alive-Material4405

Move it into the your own Roth account using Fidelity. Then you can buy SPOT BTC, MSTR, ASST. 1/3 each. Hold for 10 years... retire.[](https://www.fidelity.com/retirement/roth-ira)

NonVideBunt

MSTR? lol 🪦

kingerxi

I'm 56, almost 57, and ~35% of my liquidity is in crypto or related (related = MSTR, BMNR, STRC, etc.) Probably too high, but it's worked out for me.

Old_Preparation8434

0%. The only crypto/bitcoin exposure i get is from MSTR.

Common-Departure-926

Couldn’t be me! Up 16.04% on my btc, 3.44% on my MSTR. Started buying in February.

Astrofide

Fraudster and liar. MSTR doesn't own a single bitcoin. They own debt-leveraged contracts with coinbase on the value of bitcoin. Nothing this man has done has benefited bitcoin at all, only his company stock price.

Gsw-

3 months ago both MSTR and IBIT were higher than they are today. Curious what your average entry is on each. Dope by the way. I'm selfishly hoping MSTR goes to 1,000

TvAGhost

You say idolizing someone is bad, then you idolize satoshi in the very next line, you're a walking contradiction who assumes the people here are all bowing down to the MSTR golden Statue emptying our wallets into mstr stock when half of us really dont care either way and likely most hold both bitcoin and mstr (let me guess, bitcoin only? not your keys not your coins? try LukeCoin™️?) Your ranting and rambling seems extremely unhealthy and unhinged. Nobody cares as much about saylor as his haters and bears. 👋

SeparateCommon2363

Look up the term realized loss you simpleton, yet to see Saylor or any MSTR bag holders realize gains at their 50%-80% losses from avg buys of $200-$300 LOL!!! But sure they do they love to realize losses!!

AquarianAge144

Bro. Thats just a lie. We have literally dropped 50% from 126k To 63k and now rebounding to 78k Which is only a 30% increase after a 50% drop.... It was not because of Saylor. Saylor is hurting Crypto these days 🤣 His MSTR stock completed inflated everything and he is literally recycling the gains through BTC. He is not a Hero. STOP CONNECTING BTC TO AN IDOL BITCOIN IS SATOSHIS BEAST. NOT MICHAEL SAYLORS. AND IT OBEYS NOBODY.

biophysicsguy

Saylor personally owns around 17k. MSTR is a company with many shareholders so you can't really count all that \~840k as being owned by one person.

exildur01

Doesn't Saylor / MSTR have like 800k?

bhedesigns

MSTR is just wild!!!

MelangeBot

I know, it won't sustain it. This is just a pump for MSTR to dump into. No serious player will be buying large amounts of BTC for $80K when they can just wait and do nothing till MSTR is forced to sell more BTC and buy at $80k. Just watch, it will be another BART in the making and after it's done the price will probablly be slightly lower then 58K, the most recent low. I am guessing 55k somewhere in the next 7 weeks. But it could very well pump a bit more to 90k or so to reck all the shorts first. Nobody is really believing in BTC like before and with MSTR being such a large player and breaking their promise to never sell the market is over untill they are done selling.

pablo_in_blood

I mean, a Roth serves a fundamentally different purpose. That’s not even a specific stock, it’s just a tax-beneficial investment vehicle through which you can buy stocks (including MSTR btw). You should really research more on finance in general - Bitcoin will probably become more clear to you if you do.

kingerxi

I doubled down on MSTR and BMNR near the lows, and I'm so thankful now. It allowed me to lighten my BMNR bag at break-even, and I was down. I'm holding the MSTR!

Express-Economist-86

Selling the underlying asset early in retirement… oof. I’ll light a candle for the RMDs on your 401k with increasing taxes and baked in inflation. Hopefully you didn’t get lead poisoning too bad and at least buy some MSTR/STRK/SATA. I’ve seen the old folks poor houses. Seas of grey heads in wheelchairs huddled into the corner of a large room watching a single TV in silence. Terrifying.

ieatballoonknot

You can just buy puts on MSTR buddy!