Not the biggest fan of Saylor stacking all this corn. That being said when thinking of the options of funding open source devs...
BITB vs STRC
Say you have $25K in retirement savings in a spot Bitcoin ETF like BITB. Bitwise donates 10% of gross profits to open-source devs, some going to @OpenSats. Your share of that contribution? About $5/year.
Now move that $25K into STRC that is paying 11.50%. You earn roughly $2,875/year in dividends. Donate 10% to OpenSats and you're sending $288/year to Bitcoin developers. That's 57x what BITB does on your behalf, and you still pocket $2,587.
Donate all your STRC dividends and you'd send $2,875/year to OpenSats. That's 575x what BITB contributes for you. On the same $25K.
Yes all the other caveats exist:
STRC is not a spot Bitcoin ETF, it's preferred equity in a single company. Therefore yield depends on Strategy, blah blah blah. Different risk profile we get it. And like I started with buying STRC you're directly funding Strategy's Bitcoin accumulation machine. 🫤
But purely on the numbers and ability to fund more open source devs, if you have the discipline to actually cut the check to @OpenSats when the dividends hit your account, one definitely has more impact.
Curious on @ODELL's take since you helped BITB set up their contribution structure IIUC.
BITB vs STRC
Say you have $25K in retirement savings in a spot Bitcoin ETF like BITB. Bitwise donates 10% of gross profits to open-source devs, some going to @OpenSats. Your share of that contribution? About $5/year.
Now move that $25K into STRC that is paying 11.50%. You earn roughly $2,875/year in dividends. Donate 10% to OpenSats and you're sending $288/year to Bitcoin developers. That's 57x what BITB does on your behalf, and you still pocket $2,587.
Donate all your STRC dividends and you'd send $2,875/year to OpenSats. That's 575x what BITB contributes for you. On the same $25K.
Yes all the other caveats exist:
STRC is not a spot Bitcoin ETF, it's preferred equity in a single company. Therefore yield depends on Strategy, blah blah blah. Different risk profile we get it. And like I started with buying STRC you're directly funding Strategy's Bitcoin accumulation machine. 🫤
But purely on the numbers and ability to fund more open source devs, if you have the discipline to actually cut the check to @OpenSats when the dividends hit your account, one definitely has more impact.
Curious on @ODELL's take since you helped BITB set up their contribution structure IIUC.