MSTR

neosBentSpoon

It's more important for us to get people using bitcoin as money than getting institutional adoption. All this talk about getting the Fed to approve of it or some companies like MSTR to keep buying and then selling credit instruments on top is antithetical to bitcoin's purpose of being a sound, permissionless money.

Gloomy_Dependent_985

I don’t mean to be over optimistic but what has changed? Iran war will crush short term markets but the us has only one option if they want to continue this futile war, which is to make more money. They just asked for another 200 billion and the war just started. Aside from that MSTR and likely many other treasury companies will have huge inflows. MSTR bought 3 billion in the last 2-3 weeks in a bear market. That only makes the lows higher and the highs higher. Now just imagine when demand for bitcoin rises and fomo sets in. STRC works during a bear market because people want a fixed income instead of seeing their portfolio get wiped. In a bull market MSTR stock being the real titan will be buying far more. I know I keep talking about MSTR but I really think they will have a massive impact imo.

Ace2021

Aside from MSTR obviously, I’m looking at: - XXI - ABTC I think once the bull run hits these companies are going to up significantly.

Classic-Charity-2179

It really depends what "all in" means to you and what's your time preference. Personally I think I can be considered all in, with some MSTR and STRC so same difference, but I have enough to live comfortably with my regular cash flow and I don't need that money for the foreseeable future. So the short or medium term volatility doesn't mean much to me. Even this current winter-ish I'm in the green, so who cares?

CarelessShoe1334

Its all out there in the public domain....After five weeks of outflows, U.S. Spot BTC ETFs just saw over **$2.1 billion in net inflows** in the last 14 days alone. While retail was panic-selling the 'Oil Spike' news, BlackRock and Fidelity were literally absorbing that supply. Also...Look at **Strategy (MSTR)**. They just disclosed buying another **22,337 BTC** this week at an average price of \~$70,194. They aren't waiting for a 'dip' to $50k; they are buying the current $70k floor as fast as they can raise capital...

Nerfi5

Also some MSTR

rawj5561

I got some MSTR today. Still mostly btc tho.

XLinkJoker

BTC/MSTR/VOO, a few other stocks here & there, mostly the MAG7

InvestmentSorry6393

By others I'm assuming the reference is to other crytpos. Yeah I dabble. I have some Solana, and some Eth. When Bitcoin starts ripping I go further down the risk curve to some real shit coins ( but it's only with the goal to convert to stable coin, wait, then convert to BTC when it's down ) I'm pretty much 90% BTC and MSTR

pronebonedetector

Out of that 1 200 000 bitcoins, Strategy (MSTR) alone holds 738 731 bitcoins.

SilverPrivateer

You guys all mock Saylor and MSTR well who else is buying? You guys sure as heck ain't! Should probably say thank you to a MSTR shareholder today for propping up the last shreds of the market, your little altcoins would be down 99% if it wasn't for us (PS: just buy some bitcoin, stop with the memecoin gambling)

lexicon_riot

1. Michael Saylor has institutionalized WSB-level degeneracy to make MSTR the largest holder of Bitcoin, last year was paper Bitcoin summer 2. Lightning Network growth and maturation 3. Ordinals, Metaprotocols, BitVM 4. People want covenants but no covenants yet 5. Core vs. Knots relay policy debate, now with a push for BIP-110 UASF 6. Jack Dorsey, Steak 'n Shake, etc. pushing payments adoption All in all it's been a pretty wild few years. Lots of growth and excitement, but not without its drama and noise. Plenty of crazy tech people are building now lol

Romanizer

You could also split into Strategy (MSTR) and others.

Hfksnfgitndskfjridnf

Or the question is, if MSTR wasn’t buying tens of thousands of coins without regard to price, what would Bitcoin be valued at? 10k? How much market demand is out there just because people are assuming MSTR will always be buying and worst case you just dump on them?

Hfksnfgitndskfjridnf

Somewhere between 2-4 million BTC are assumed lost. That means 16-18 million BTC are accessible, with 1 million left to mine. MSTR is close to 5% of the supply already if there are only 16 million BTC.

Hfksnfgitndskfjridnf

Saylor is the egg man. Price collapse of Bitcoin is inevitable, the only question is how long it takes and how much of the bag belongs to MSTR shareholders. He’s put himself on the treadmill of doom, this week alone he committed to 120 million more in yearly dividends. By the end of the year that will be over 2 Billion a year. MSTR is only raising 20-30 Billion in capital a year so 10% of all future capital raises will go towards dividend payments instead of buying BTC. The more preferreds he issues the worse it gets. Any strategy that only works by exponentially increasing capital raising and needing exponential rise of an underlying asset isn’t a real strategy. It’s a recipe for guaranteed failure.

Magikarpeles

When MSTR fails it's gonna be epic

ReliantToker

​THE "STRAIT OF HORMUZ" DECOUPLING ​While the legacy markets are shivering at the prospect of energy-driven inflation—with the Nikkei and US futures slipping as oil supply through the Strait of Hormuz remains tight—Bitcoin has effectively checked out of that correlation. ​In a massive show of strength, Bitcoin surged nearly 4% to hit $75,921 early today, its highest level since early February. This move is significant because it’s happening against the grain of traditional risk assets. While the S&P 500 and Nasdaq are grappling with the fallout of the US-Iran conflict, Bitcoin is increasingly being treated as a cross-border liquidity bridge and a geopolitical hedge. ​The internal mechanics of the market support this shift. We’ve seen a clear move of assets into long-term custody, even as prices hold this psychologically heavy $75k zone. With Tokyo-listed Metaplanet securing another $255 million to follow the MSTR playbook, the "Corporate HODL" is not just an American phenomenon—it is a global race to capture the last few liquid satoshis before the supply-demand imbalance becomes irreversible.

goawayjoebro

reposting this from that comment section. Saylor himself having ownership of more than 5% of bitcoin is a real concern. However, many large firms (Vanguard, blackrock included) use MSTR as a part of their means of acquiring Bitcoin by proxy. Vanguard has a larger portion of MSTR stock, i think about 11%, Blackrock owns about 5% but has much larger stores of it's own BTC via the BTC ETFs. Blackrock's bitcoin ETFs by volume actually hold more Bitcoin than Saylor's company. Saylor has ~730,000 and Blackrock's total BTC ETF issuance is slightly more than that. What this signals is that there is increasing retail/big firm/tradfi adoption of Bitcoin. Strategy is actively being pried out of Saylor's hands. *Exact figures:* - BlackRock's iShares Bitcoin Trust (IBIT), its primary spot Bitcoin ETF, holds approximately 782,180 BTC as of March 16, 2026. - - MSTR holds 761,068 BTC as of today - Vanguard holds approximately 8.55% of MicroStrategy (MSTR) stock, while BlackRock holds approximately 5.8% - Blackrock AUM = ~14 trillion, Vanguard = ~12 Trillion

goawayjoebro

Saylor himself having ownership of more than 5% of bitcoin is a real concern. However, many large firms (Vanguard, blackrock included) use MSTR as a part of their means of acquiring Bitcoin by proxy. Vanguard has a larger portion of MSTR stock, i think about 11%, Blackrock owns about 5% but has much larger stores of it's own BTC via the BTC ETFs. Blackrock's bitcoin ETFs by volume actually hold more Bitcoin than Saylor's company. Saylor has ~730,000 and Blackrock's total BTC ETF issuance is slightly more than that. What this signals is that there is increasing retail/big firm/tradfi adoption of Bitcoin. Strategy is actively being pried out of Saylor's hands.

ReliantToker

You’re raising a valid point about the "incentive to shape narrative," but calling IBIT the "lazy path" ignores the regulatory and fiduciary reality of 2026. ​Here is the "non-manufactured" breakdown: The Fiduciary Mandate: For the 1,686 institutional owners currently holding IBIT—including pension funds and endowments—direct cold storage isn't just "hard," it’s often legally prohibited by their investment mandates. An ETF isn't the "lazy" choice; for many, it’s the only choice allowed by their board of directors. ​The Collateral Evolution: Unlike 2024, in 2026, Bitcoin is a "Tier 1" asset. Major banks like Wells Fargo and BNY Mellon now recognize IBIT shares as collateral for credit facilities. You can’t easily walk into a legacy bank and get a low-interest loan against a multisig wallet yet, but you can against an ETF. ​The MSTR Distinction: While I agree MSTR is a "monster" for adding tailwinds, it carries its own premium/discount volatility. IBIT offers pure delta exposure without the "Saylor Premium" risk, which currently sits at 1.01x mNAV (a rare reset). ​Is BlackRock making a fee? Of course. Is it "manufactured" to say that $55 billion in AUM represents a massive vote of confidence from the world's largest pools of capital? No, that’s just the math of the "Institutional Superhighway."

NinjaChore

Is someone just guessing a number? Because MSTR just bought 1.57 billion

JuxtaposeLife

The sad reality is that a large share of the pro-IBIT, anti-MSTR narrative online often looks less like genuine analysis and more like manufactured consensus... and you see that here constantly. The reaction to even mild criticism of IBIT is often so disproportionate that it begins to feel less like rational debate and more like narrative defense. That is especially striking because, at a high level, Bitcoin cold storage and MSTR represent two distinct paths of exposure, while IBIT arguably combines some of the disadvantages of both. At best, it is the convenience option (the lazier path) but one that comes with unnecessary headwinds. It also happens to be an enormous cash cow for BlackRock, so it is not difficult to understand why there would be a strong incentive to shape the surrounding narrative. Some of this clearly comes from real people repeating a framework they have not examined very deeply. But much of the rest reads like coordinated amplification masquerading as independent market opinion. That may serve incumbents well, but it does not make the argument any more true. Strategy, notably, does not appear to require that kind of support.

Friendly-Profit-8590

Does MSTR account for any of that or no?

snek-jazz

There are 3150 coins mined by miners per week. In the last two weeks MSTR alone bought around 42,000 bitcoin. That's more than a quarter of what will be mined this year bought in 2 weeks. The question isn't who will buy the miners coins, it's who the hell else is selling 10s of thousands of old coins at ao99 price they could have sold higher than over much of the last 2 years, and how many more old coins are for sale at these prices if MSTR keeps gobbling them up.

snek-jazz

The 11.5% is a variable rate that can come down if demand allows for it. We can consider things that affect that: * faith in MSTR being able to meet their obligations (which is a function of how much bitcoin they have, and the price of bitcoin) * the rates of competing products (which is a function of fed funds rate)

snek-jazz

And the majority of it from STRC ATM, not MSTR common. Amazing week for MSTR.

Calm_Situation_1131

Lol this can't be a serious comment because Saylor already sold about $400m in MSTR stock since starting the BTC strategy.

Calm_Situation_1131

Saylor and his firm literally marked the start of the dotcom crash. MSTR had an "accounting error" that caused the stock to fall 99%. Con artist through and through. He doesn't give af about BTC, just that his stock goes up and he can dump it.

Awkward_Potential_

>there's little structural danger here. MSTR does not custody their own Bitcoin. In fact, they probably use the same custodian as IBIT and many other ETF's. Ummm, that's actually my biggest concern. Strategy should self custody to keep Coinbase from being too large of a custodian.

Cadenca

When you really boil it down, there's little structural danger here. MSTR does not custody their own Bitcoin. In fact, they probably use the same custodian as IBIT and many other ETF's. IE., this is a moot point. Ownership is not centralized either. Those Bitcoin belong to me and hundreds of thousands of shareholders (inb4 someone tries to point out that technically the MSTR equity does not have direct claim to their BTC yadda yadda). The market can easily tolerate MSTR being at least 10% of the market, so that's 2.1 million coins. That's like 3x what they have now. We'll cross that bridge once we get there, but this is hardly the limit.

busterbythelake

Join a community and go to bitcoin meetups. I am 95% allocated to BTC with a little bit of MSTR. I keep a little bit of cash for emergencies and to cover monthly bills. That’s it. My only regret is not doing it sooner. I lost a lot of money gambling in the crypto casino with shit coins. I chose to ignore everything else and focus on the one asset that is truly decentralized and trustless. Everything else is noise. Stocks are noise, bonds are noise, real estate is noise, diversification is noise… if you’re younger than 40, time is in your side! Two things you have to remember: 1) If Bitcoin is not going to zero, then it’s going to millions 2) Are the central banks going to continue to debase their fiat currencies? If so, then you want to be on the fastest horse in the race. Bitcoin has no top because fiat has no bottom.

BakedGoods

yes agreed, i personally use diluted mnav for my performance tracking which last week fluctuated between 0.99x and 1.02x, which explains why the common accretion was basically flat at 0.032% (on a diluted basis). look, ultimately the whole play for this stock is they acquire more btc exposure per share over the long run. you can essentially buy 1 bitcoin, or 1 bitcoin equivalent (in dollar terms) of MSTR, and assuming the BTC per share increases overtime even at 1.0x mnav you'll have out preformed holding the 1 btc. to date they have consistently shown increasing btc per share. as you noted the preferreds allow them to still acquire BTC when sentiment is low on their stock (less accretive 1x mnav, ie. now). should btc double in two years, i'd expect that mnav to expand (then contract back to 1x). this flywheel has incredible opportunity for outsized gains compared to BTC assuming (a) btc's long-term trajectory is up and (b) the demand of the preferreds and liquidity in the common allow their btc yield to be positive over whatever timeframe your risk tolerance is (mine would be 4 years). any analysis outside the above is just noise in my opinion.

meshtron

MSTR will go down 5%

Hfksnfgitndskfjridnf

Good call, just did the math and agree with you, looks like I am wrong for last week, but if you do the same math for other weeks this year, BTC per share has decreased the weeks they only issued common stock. Looks like MSTR is not being consistent in their calculations. They are not using ADSO in their calculation for marketcap and EV, but they are for BTC yield. Their market using ADSO is 52.3 Billion vs 47.8 Billion listed on their site. Since their marketcap using ADSO is slightly above the value of their Bitcoin, any sales of common stock would be accretive. Whenever marketcap using ADSO is below the value of their Bitcoin Bitcoin, common stock sales would be dilutive. So you can’t just say mNAV > 1 means issuing shares is accretive based on what Strategy is using for mNAV. In this case it’s around 1.15 mNAV where the break happens between increasing/decreasing Bitcoin per share when issuing common stock. Earlier in the year MSTR was trading below 1.15 mNAV which is why Bitcoin per share dropped in those weeks that they only bought BTC through common stock ATM.

FnAardvark

Nope, I was demonstrating why people would decide to own BTC instead of MSTR. I wasn't exaggerating the risks, or telling people to not buy it.

FnAardvark

So there's exactly zero added risk to owning MSTR compared to BTC? Is that your point? I never said that MSTR was going to fail, and to be honest I hope it doesn't. Now go back to what I wrote, and figure out what the point was.

snek-jazz

MSTR is up more than 10x from the FTX fall out low, bitcoin is not. Why is that?

snek-jazz

MSTR mNAV is low now, but share price is 10 times higher than the FTX fallout bottom. Bitcoin is not 10 times higher than it was then. MSTR from then until now was a better return, even though mNAV is not currently high.

0xParcel

The real risk most people miss is not the unrealized loss - its the dilution math. Strategy has been issuing ATM equity and convertible notes to fund BTC purchases, meaning MSTR shareholders are paying a premium over NAV to access BTC they could just hold directly. When the premium collapses (and historically these premiums revert hard), the equity underperforms BTC even if BTC recovers. Saylors wait thesis is fine for BTC holders. Its a different calculation for MSTR stockholders who bought at 2-3x NAV.

Sharlach

I'm not a Bitcoin maximalist by any means, and I have no idea where the baseline level of demand is, so I'll leave that topic alone, but I do know that investment demand was [the single biggest source of demand for gold in 2025](https://www.reuters.com/world/china/global-gold-demand-hits-record-high-2025-wgc-says-2026-01-29/). >GOLD INVESTMENT AT A RECORD HIGH The WGC expects another year of strong inflows into gold-backed exchange-traded funds and robust demand for bars and coins. ETFs saw inflows of 801 tons of gold in 2025, while demand for bars and coins jumped 16% to a 12-year high. Overall gold investment demand soared 84% to a record high of 2,175 tons in 2025. However, the WGC expects record-high prices to hit jewelry demand this year and will slow down purchases by central banks to 850 tons from 863 tons in 2025, even though their buying remains elevated when compared to the pre-2022 level. All the stablecoin issuance and de-fi infrastructure is being built on other chains, so I think those are more likely to benefit from any kind of wider crypto utility and usage, but I do think Bitcoin is seen as a cryptocurrency proxy by the wider investment community right now, along with MSTR and COIN stock as well. If someone wants to dip their toes into investing in cryptocurrency, they look at those three first, and maybe Ethereum as well. That can absolutely change over time, and many people expect a flipping in market cap at some point, but for now the first mover advantage and network effect has held up.

Hfksnfgitndskfjridnf

You do know their stock is trading at a discount to their Bitcoin holdings now, not a premium right? Everytime MSTR issues common stock to buy Bitcoin now it decreases BTC per share. It’s only when they issue preferred stock do they gain BTC per share at this point.

Olsku_

The higher the price of MSTR stock the more Bitcoin MSTR is able to afford. They raise capital by diluting shareholders and selling debt, both more profitable the higher MSTR's valuation is.

sasquatchington

Makes plenty of sense. That’s when they can ATM the most because people are trading as MSTR is at ATH lol.

Ryytter

I bought 0,15 worth of proxy exposure through MSTR at current ish prices. I like MSTR for tax purposes and I can also disclose my position without risking getting hacked which is kinda nice 😆 I'm looking to add the same fiat amount if we drop to 40-45k so that would likely be 0,25 ish Bitcoin. That brings me close to half. Then let it ride. The mNav expansion could allow for flipping that for a full physical coin in the future. But who knows what the future holds.

xarips

youre dumb as pig shit If BTC fails MSTR will too. If BTC succeeds so will MSTR. Its not hard

FnAardvark

Ok, I looked and I am talking to you. What of it? You haven't made a case that there is zero additional risk to holding MSTR instead of BTC. If you want to do that, then you absolutely should, but you shouldn't be attacking people just because they don't want to to take on that additional risk. You should probably go outside and take a little break from the internet. When you start insulting people over minor disagreements, it's probably a good time to put down your phone for a while.

FnAardvark

In December 2029 there is a batch of convertible bonds due. If MSTR isn't worth $672.40 at the time he will have to pay cash instead of shares. That means if there's a prolonged bear market, or even just a black swan event at the time, he will be forced to sell BTC. That could easily trigger a sell off of MSTR. There's scenarios that could happen which MSTR could never recover from. I can't really say the same for BTC. You seem to think MSTR is guaranteed, but it's added risk. I don't see why it's so crazy to you that people would prefer to hold BTC rather than MSTR. I'm not knocking you for buying MSTR, but why are you being such an aggressive asshole to people without even understanding that there's an additional risk?

Suspicious-Case3861

It's leveraged. For me I don't have 50k. I have little, do the maths MSTR is going to help me a lot. Let's go Saylor.

ApartBathroom5237

It’s a leveraged play. Because there’s more volatility in MSTR than BTC.

neonxmoose99

The ONLY reason you would ever buy MSTR is if you think BTC is going to go up. And if you think BTC is going to go up why wouldn’t you just buy BTC?

El-Grande-

ELI5: Why would I pay a premium to own MSTR when I can just… buy my own BTC?

clintstorres

Average growth doesn’t matter. It can be 30% cagr or wherever but volatility is what will make the whole thing go under. If one year there is a 50% drop in price, no one is giving MSTR debt to make debt payments. Let alone accumulate more and so they have to sell bitcoin. Every single investor will know this and front run their selling and short Bitcoin.

xarips

By the end of the year Saylor will own damn near 5% of the entire supply and that doesn't even include the massive number of coins lost forever. If you believe in BTC, like if you actually believe in it and think its going to become globally adopted and the price will go to $1 million then I don't understand how you wouldn't be going all in on MSTR.

Which_Drop_5877

MSTR is not in the S&P 500 so you can just self custody BTC.

wkndatbernardus

Yes, that is my strategy on the Fidelity platform as well. I'm actually also considering some MSTR to go with the FBTC in my Roth since, if it hits, I'm going to enjoy those tax free gains and withdrawals 🤑

coinfeeds-bot

tldr; Bitcoin remains resilient at $71,000 despite macroeconomic pressures, including a surging U.S. Dollar Index (DXY) above 100 and 10-year Treasury yields exceeding 4.2%. Risk assets like Nasdaq-tracking QQQ and oil near $100 typically face challenges under such conditions. MicroStrategy (MSTR) added 11,000 BTC using funds from its Stretch (STRC) security, while crypto exchange Coinbase gained 2%. Market signals suggest potential for an explosive move in Bitcoin's price as it holds steady amid these headwinds. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

ReliantToker

​THE "OIL DECOUPLING" AND THE $73K RECLAMATION ​While Wall Street is sliding today due to a "trillion-dollar oil crash" and escalating tensions in the Middle East, Bitcoin is pulling off a stunning reversal. Despite the Nikkei dropping 6% and US indices trading in the red, Bitcoin has surged nearly 5% in the last 15 hours, reclaiming the $73,000 level. ​What’s driving this? It's a "perfect storm" of macro data. The PCE Price Index (the Fed's favorite inflation gauge) came in at 2.8%—cooler than the 2.9% expected. This has immediately shifted the narrative from "inflation panic" back to "monetary easing," acting as a massive tailwind for hard assets. ​The most significant signal, however, is the Institutional Absorbance. While the "Fear & Greed Index" is still technically in "Fear" at 37, we just witnessed a record-breaking week from the MSTR Galaxy. Strategy didn't just buy the dip; they effectively front-ran this recovery by using their STRC (Stretch Preferred) instrument to raise enough capital for over 4,000 BTC in a single day yesterday. When the world’s largest corporate treasury is doubling down while oil-linked volatility shakes the rest of the market, it’s a clear signal: the "smart money" isn't viewing this as a risk-on rally, but as a flight to the only asset with a fixed supply.

umirinbrah29

Taking out credit cards and bank loans to buy MSTR between $320-$400 lol. Porting all my other stocks into crypto end of October 2025, to then watch them fall way, way more.

vishnu317

It’s a couple comments up in the thread feel free to scroll. The point was simply that MSTR is trading close to its BTC NAV right now (\~1.06× or \~6% premium depending on how you model the liabilities). If you think the math is wrong, happy to hear where.

mneymaker

Maybe BTC about to explode? Full port MSTR, STRC is buying like crazy

vishnu317

I don’t have the exact wording open in front of me, but the point was simply that MSTR is trading close to its Bitcoin NAV right now. 738,731 BTC × $69.6k ≈ $51.4B Bitcoin treasury value. Subtract $8.2B convertible notes → $43.2B simple net BTC value. Current market cap ≈ \~$46B. So the premium calculation is roughly: $46B / $43.2B ≈ **1.06× (about a 6% premium)**. Historically that number has been more like **1.5×–3×**, which is why people say the premium has compressed a lot. If you’re asking because you think the numbers are off, feel free to point it out.

coinfeeds-bot

tldr; MicroStrategy (MSTR) purchased over 4,000 Bitcoin in a single day, funded through the issuance of its Variable Rate Series A Preferred Stock (STRC). This marks the largest single-day Bitcoin acquisition by the company using STRC. Earlier in the week, the company also acquired over 2,000 Bitcoin. MicroStrategy, the largest public corporate holder of Bitcoin, has been leveraging its preferred equity program to finance these acquisitions, with its total Bitcoin holdings now exceeding 738,000 BTC, representing 3.5% of Bitcoin's circulating supply. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

vishnu317

basically every 4 years the amount of new Bitcoin created gets cut in half. less new supply hitting the market. if demand stays the same or grows price goes up. historically Bitcoin peaks about 12 to 18 months after each halving. last halving was April 2024. Bitcoin hit $126k in October 2025 right in that window. saylor built the entire MSTR strategy around this cycle repeating. his bet is Bitcoin goes to $200k+ this cycle. if he is right the treasury that looks underwater today looks like a bargain in 12 months

kareshmon

If you believe in btc, MSTR is a leveraged play on it with better returns. Works both ways, though

BigDeezerrr

Strategy alone is scooping \~5000 BTC per day alone now that they're STRC / MSTR engine is up and running. How long can OTC desks keep filling these? Who is selling this type of volume at these levels? The math ain't mathin. Unstoppable accumulation is running straight into unchangeable supply.

KateR_H0l1day

It’s almost impossible to time the market bottom and top, if you get one of them, you’re extremely lucky. Your plan is good, having a strategy to critical IMO, however you need to do “what if’s”. For example, what if we’ve already seen the bottom, what if it only goes down to $55K. What will you do in those circumstances, will you be missing out and buying nothing? Is your plan to buy with a lump sum, or have you allocated a portion of your salary for weekly or monthly buys? If lump sum, is it an amount you’d be willing to lose, do you have other investments outside crypto, if so, what percentage of BTC do you want to own compared to TradFi? What is your risk level at, for example are you buying BTC from an Exchange/DEX, where will you hold it, do you have a cold wallet already. Or, are you buying an ETF, which one, why, you could buy MSTR with more risk, and bet on it beating BTC, or buy STRC, less risk, get 11% now rotate monthly earnings directly into BTC/MSTR, so many options to decide on!! I don’t think from your OP, or comments, that you have a plan/strategy, you have an idea, but you need to take it further and flesh out the strategy to achieve the desired goals 🤷‍♀️ I honestly don’t think we will drop into the $40K band, that’s my idea, and I’ve built a strategy around that, which is in place today. But good luck 🍀whatever you do

Ok_Sir_6633

BTC went up 30 seconds after I opened a short position on MSTR. I can't win.

Routine-Coconut-3356

I am selling covered calls on MSTR in my IRA and buying more MSTR it’s the only money I have to buy MSTR at this price I am selling calls at 150-160 For this Friday but you could do 170 if you are afraid of losing your stock on a fast upswing

NoLessThan135

tht’s not really how it works. even if MSTR held a ton, ppl could still trade and use it, it wouldn’t be “all gone” lmao

Specialist-Jelly2571

My MSTR puts got absolutely liquidated. If anyone knows why I’d like to know

Wheaties4brkfst

No, they’re equity. You can’t suspend interest payments on debt. If you do, you are now bankrupt. You can suspend interest payments on preferred shares all you want (at least in MSTR’s case) because preferred shares aren’t debt. Go look at MSTR’s balance sheet. The preferred shares are in the (mezzanine) equity section, not liabilities.

Ganonstonk

They also have their preferred instruments, the main one being STRC. The intent behind STRC is that it pays 11.5% interest, pegged to $100 so you skip the volatility of BTC while still being exposed. Some people would be happy to get 11% yearly and not worry about BTC dropping 50%. This way investors benefit from stability, where MSTR takes the money to buy BTC. Obviously, this is not dilutive, so the MSTR price per share increases. But Yes, you'd be right - they're betting on the idea that BTC will increase on average at greater than 11% per year. People who buy STRC are also assuming that BTC will succeed long term, otherwise yes, they won't be able to issue more to pay debts. Imagine if this was an Iranian company doing this - for example taking $100 in Iranian Rials, buying btc, then giving the investors 10% return. Then 6 months later their currency collapses (which it did). Now the company had "$100" in debt but that 100 dollars is worth a fraction of what it once was. So their $100 in debt is now basically non-existent because the currency is worthless. This is an extreme example, but highlights the same principles at play. Take money, provide stable returns, and pocket the difference as the currency loses value while you buy a harder asset that appreciates long term, ignoring short term volatility.

kwijibokwijibo

Why would they have to go to the banks? That's retail investor thinking. That's what people do Companies have multiple ways to refinance which are more customisable for their needs - issuing equity, debt, or a whole range of other instruments in between There's nothing wrong with how MSTR is refinancing. The only weird thing is their BTC treasury model. But you think institutions like Allianz, a global insurance company, would buy $750mn of MSTR convertible notes if they were a Ponzi scheme? Do you think you, random redditor, really know better than some of the world's largest financial institutions? Pretty arrogant if so

kareshmon

Hell yeah bro. I like extra JUICE through MSTR

dj_destroyer

If you think a Bitcoin treasury company is the same as an ETF, you haven't been paying attention. Take an excerpt from a previous post of mine: "-Common Stock (MSTR): Used extensively through "At-the-Market" (ATM) programs, this is the most volatile, high-growth equity, offering leveraged exposure to Bitcoin. This is highly accretive to existing shareholders when MSTR trades at a premium to its Bitcoin holdings. \-STRK (Convertible Preferred): Offers an 8% annual dividend and can convert into common stock at a premium ($1000 per share), targeting investors looking for income with potential equity upside. \-STRF (Income-Focused Preferred): A 10% fixed dividend preferred stock designed for income-seeking investors, lacking the conversion feature. \-STRD (High-Yield Preferred): A 10% non-cumulative preferred, carrying higher risk for investors seeking maximum yield. \-STRC (Variable Rate Preferred): A newer "Stretch" preferred, often providing high, variable yields designed to compete with money market funds while funding further Bitcoin purchases." Sure, if Bitcoin drops to $10k for a sustained period of time, the music stops -- but as my girlfriend Lyn Alden says: nothing stops this train. Bitcoin has no top because fiat has no bottom. Finite scarcity blah blah blah

Wheaties4brkfst

Why would MSTR owning all bitcoin make 1. Likely at all? Bitcoin is literally completely useless if one entity holds all of it.

akaMezzo

Tell me you don't understand MSTR without telling me you don't understand MSTR.

biophysicsguy

Why the hate for Saylor? You buy MSTR at $500 and sell at $100?

Objective_Can_569

It will probably be more like “the US has strategically acquired 20% of MSTR for the sake of national security” or some bull shit like that. I think the US wants at least a million coins, might as well let the corpos do it for them and then claim a stake.

binary_quasar

Clearly you don't have a clue what youre talking about or even know what a ponzi scheme actually is. A key attribute pf Ponzi, is the actual underlying investment vehicles are obfuscated or hidden by the issuer. Everybody is perfectly aware of MSTR's investment products and thesis or at least has the ability to be aware of it and like you just decides you understand it when you obviously don't. People like you are no smarter than people who call bitcoin itself a ponzi scheme. You're idiots who spread FUD, probably because you are sad that you missed the boat or got rekt trying to time the market.

Suitable-Cucumber523

Yes diversify.... diverisify into MSTR stock haha. (That's what I've decided is best to do at this point).

Knicks7979

because it’s levered bitcoin. He is increasing “bitcoin per share” over time. If you think bitcoin is going up over time, then MSTR is going to go up even more, in percentage terms. It’s a simple concept.

repomies69

And MSTR has a convertible Instrument, STRK or somethin, that generates dividend income but also captures some of the upside if BTC starts skyrocketing

KateR_H0l1day

Buy STRC, watch the market, sell and convert to MSTR when the Bull 🐂 starts to uptick from the $50K band range.

Gloomy_Dependent_985

Good point but in a bull market MSTR will be the real money printer

KateR_H0l1day

It’s the 🐻market driving people to STRC, once it starts turning 🐂, people will sell and buy BTC/MSTR directly. Just IMO of course 🤷‍♀️

word-dragon

A lot of people think investing in MSTR is investing in bitcoin. Strategy uses bitcoin - a lot of bitcoin! - to power Michael Saylor’s financial products. There really is no mapping of your investment to the company’s bitcoin, as there allegedly is in an ETF. So you really are investing in Saylor, and not bitcoin. There’s nothing wrong with that - you probably invest in other companies because you believe they have good strategies and sound management. You just need to realize it’s not an investment in bitcoin.

Academic_Work_8183

35% IBIT and 45% MSTR in Roth. Can’t do it with 401k with work.

DeathFood

They make some assumptions about what percentage of the volume that trades above $100 in STRC is MSTR selling into. The default assumption is that 40% of that volume involves MSTR selling

Unable_Illustrator_2

After I get to 2 BTC, I'm going to max out my ROTH IRA for 2026 ($7,500). I plan on buying Coinbase, MSTR, Amazon, Google, Netflix, and take a long shot on SMCI and BMNR. I actually started today with a GOOGL buy and Im holding a good Netflix buy. Not much (GOOGL), just a placeholder for now. But, I will most likely be buying into 1)Google, 2)Amazon, 3)MSTR, 4) BMNR, and a sleeper pick is SentinelOne.

Spirited-Tie8758

lol except companies that offer stock make and sell goods or services.. well all except MSTR

Burbucoin

MSTR is one of the most shorted stocks right now. Makes sense.

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Post is by: ScholarPrize1335 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1rkunv8/can_someone_please_explain_to_me_how_mstr_is/ This is a genuine question. Not trying to troll anyone or make any comments about the price MSTR "should" be at. I was watching both of them today and out of curiosity pulled up the chart from the last year and the difference is staggering. MSTR needs to increase by roughly 300 % to get back to its high point. Whereas as IBIT only needs a 67% increase to get back to its high point. Is the short MSTR buy IBIT theory correct? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

praise_the_most_high

Same (twice at 62 & 65ish) through MSTR more specifically

oogally

When it seems like the market is overstretched, I might trim just enough so that I won't feel stressed if a pullback occurs. I.e., if I have any large expenses coming up, make sure I'll be able to cover those. Mostly this is with my play money though. I dabbled with MSTR options over the last few years and those did quite well and I sold them when they were well into the money. I also have some FBTC in my IRA brokerage account. I don't consider that real bitcoin (not my keys) , and there's no tax penalty for selling, so I can trim that position a little too. However, my cold storage is receive only - once I deposit there, the bitcoin is not coming out until I have no other assets - I assume it will be decades from now. Timing the market is risky when you already have a long-term winner and nothing is forcing you to sell. It's better to find your zen and become at peace with the volatility. I don't think any long term holders (8+ years) regret just sitting tight.

ElKaWeh

An artificial demand squeeze would only be temporary though. A higher price also creates more supply, since people want to take profits. Also such an effort would be much more difficult than you think. Look at MSTR for example: They are the biggest holder of Bitcoin in the world, their stack is worth billions of dollars, still they own only about 2% of the total supply.

TheRadishBros

Decent likelihood this will become the US strategic reserve. Let MSTR buy it instead of the govt to minimise cost impact from buying.

Ryytter

That's a really good and thoughtful question. I was considering it but decided not to for a few different reasons. I am however a bit unsure what you mean by comparing to the SPY 🤔 1. Why not use STRC instead of SPY? SPY is as much about diversification as it is about returns for me. STRC is a in my opinion a good product but it isn't exactly diversified from MSTR's financial situation 🤔 2. Why not park cash in STRC while waiting to get into BTC. This looked attractive to me on the surface, but after doing the math it looks a bit meh. Not to any fault of STRC. Just fees man 🤷 My time frame to get the rest into Bitcoin is still September-October. So let's say 7 months. That's the time frame I would hold STRC. So we gonna get roughly 7% return in that time frame which is good. But this is assuming I buy in full and sell out in full. That's 7% return. But that's probably not what's gonna happen. I'd probably buy in full and sell out over 6-7 months. So that brings return down from 7% to maybe 4% ? 🤷 And then you have big fees, slippage, spread to account for. Especially at my brokerage I have to use due to taxes. Its quickly 0,5-1% per side. So then we have 3-3,5% 🤷 Add in any depeg from par and just the hastle of it 🤔 It's not that attractive to me 🤷 But it's mainly a time frame problem more so than a problem with STRC 😆 I hope that answers your question

harvested

ETFs and MSTR are sucking up coins and dumb dumbs are still selling to them