No, MSTY was an income fund created by YieldMax. They used options on MSTR to generate the yield which eventually dampened the vol and then we went into a bear.
yield has such a draw for some people. it's freaking bizarre.
MSTY was a derivative of a bitcoin derivative (mstr)... but since it offered yield people ate it like candy!
but maybe it was a good thing, because perhaps Saylor saw the demand for yield and created the "preferreds".
which is like first class yield products. haha
MSTY was playing in the turbulence of the hydroelectric dam outflow. if you've ever boated down stream of a dam, there are signs that tell you "may release water at any time". and also, in dry seasons, not a lot happens downstream, even though the dam may still be humming and producing electricity.
preferreds are inside the hydroelectric facility, taking an orderly cut of the energy flowing by.
MSTR is the whole hydroelectric facility--dam and lake-->betting on a lot of rainfall to come which most likely will with fiscal dominance a la "nothing stops the train"..
MSTY was a derivative of a bitcoin derivative (mstr)... but since it offered yield people ate it like candy!
but maybe it was a good thing, because perhaps Saylor saw the demand for yield and created the "preferreds".
which is like first class yield products. haha
MSTY was playing in the turbulence of the hydroelectric dam outflow. if you've ever boated down stream of a dam, there are signs that tell you "may release water at any time". and also, in dry seasons, not a lot happens downstream, even though the dam may still be humming and producing electricity.
preferreds are inside the hydroelectric facility, taking an orderly cut of the energy flowing by.
MSTR is the whole hydroelectric facility--dam and lake-->betting on a lot of rainfall to come which most likely will with fiscal dominance a la "nothing stops the train"..
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