strc yield is paid by selling mstr stock to retail
it requires btc to keep going up, which is likely
and mstr to trade at a consistent premium to btc holdings, which is a billion dollar question ma...
It’s clearly working. They started in Aug 2020 with $600m cash treasury and now it’s a $50B BTC treasury. Of course the plebs should just hold BTC in self custody AND use it as a MOE. This is an attack on tradfi that will force their hand to Bitcoin backed assets rather than fiat backed assets.
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