Not very humble of them

"I love Bitcoin, buy my shitcoin." New distractions, same old story.

Isn’t btc growing over 11.5% a year enough to cover STRC dividends?

The STRC obligations are denominated in dollars. From a pure purchasing power angle, this means the burden will decrease over time if bitcoin continues rising in purchasing power. They can turn off issuing more STRC anytime.

Just stacking a hard asset using other people’s worthless fiat. No difference from blackrock.

People finally starting to question his strategy & I love it. I been watching his videos where he’s been saying he’s “stripping away the volatility” by buying bitcoin & transferring it to MSTR & I thought that was kind of interesting take on his part

STRC gives MSTR a premium. It’s like debt with no principal to be paid, how much of that would you take to buy bitcoin? MSTR sells premium to STRC dividend. Premium is relative to Bitcoin/share growth. MSTR carries the rest of the upside. Principle + (CAGR - 11.5%). Of course Bitcoin has to go ...

thooper thycle

STAY HUMBLE AND STACK SATS AND NOT MSTR 🩵

Borrow dollars to buy BTC. Sell BTC to pay interest on that loan. As long as BTC goes up faster (on average) than interest on your loan, you're good. That is the simple model for speculative attack that Strategy is using. (except that interest on the loan is in the form of dividends on STRC; and...

there is no second best.. ..just buy Bitcoin and do self custody

Self custody the real asset, BTC. Discussion over. If you need to earn a yield on your fiat, build a business and hold real assets.

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.

The premium is the whole trick. If MSTR ever trades like a normal company, the yield story turns into a very expensive prayer

Not a doubter, here. The math is pretty straightforward. As I say though, "I could be wrong. The future reveals all."

Disappointing