STRF
MicroStrategy Incorporated 10.00% Series A Perpetual Strife Preferred Stock
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If you like Bitcoin as a hedge to the dollar
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Do you think Congress will suddenly become disciplined and the growth of paper currencies will slow ? In my opinion that has less than a 5% chance of happening. So debts keep growing, and keep getting monetized (ie with printing of more dollars). The Treasury is also manipulating markets to try to hold rates lower than inflation. This is really the only way for them to act - to try to inflate their way out of the crippling debt problem where interest payments already exceed defense spending. So 1) you will Not be able to earn a real rate of return from Treasuries, 2) real assets will do better on a relative basis if you buy them well. STRF is highly likely to pay very attractive income even if BTC just stays at current levels.
I did not leave that out. But when BTC fell by more than half, STRF fell about 20%, and continued paying dividends.
you left out the part about STRF also falls a lot if BTC falls a lot…which could be temporary or permanent
Do you think they'll try to leopold MSTR? Stuff saylor with loans and buy STRF, then go to town...
michael saylor seems to have thrown in the towel. crypto is depressed. Is saylor buying more? Nope. Is saylor selling? Yup. The last two months strategy has not bought a single coin, yet, strategy is selling to pays its preferred dividends. Right now, I think strategy has four preferred stocks that are all based on the exact same assets, seems like some financing voodoo is going on in my opinion. He raised capital with those four preferreds but he is now using the cash to pay the preferreds. strategy has $4,600,000,000 in cash. Strategy has enough cash to pay its dividends, currently. 380,000,000 shares of STRC will be paid $380,000,000 in August 4,600,000,000 - 380,000,000 = $4,220,000,000 On September 1 STRK 14,000,000 shares pays $2.00 dividend every quarter March, June, September, December STRF 13,000,000 shares pays $2.50 dividend every quarter March, June, September, December STRD 12,000,000 shares pays $2.50 dividend every quarter March, June, September, December In september, $62,500,000 paid for STRD and STRF, $28,000,000 paid for STRK, and $380,000,000 paid for STRC for a total of $470,500,000 On October 1 3,369,500,000 cash on hand On November 1 2,989,500,000 cash on hand On December 1 2,609,500,000 cash on hand On Jan 1 2,139,000,000 cash on hand In five months, MSTR is going to payout over 50% of its cash on hand. Is that sustainable? By the end of 2027, MSTR will be out of cash. Either saylor issues more preferreds so he can pay off the existings,(does this sound like a ponzi scheme) or does he sell more bitcoin? Or does he sell all the bitcoin and just invest in the S&P 500? Going to be an interesting time for strategy and saylor. He really needs the momo investors to come back to crypto, but they are chasing AI now.