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If Bitcoin keeps going down, will MicroStrategy end up like FTX? Pio and Kaleo discuss the future of MicroStrategy. Pio: "Do you realistically think that $MSTR is going to have to sell 50,000 Bitcoin in the next two years?" Kaleo: "More, and I think it's their best option. They...

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Fibonacci 🥷

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40,287 次观看 • 3 个月前 •via X (Twitter)

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CryptoKaleo claims MicroStrategy is trapped in an endless cycle that is hurting its shareholders "They are diluting $MSTR holders directly to pay the bill for everything else." "They're buying the Bitcoin as a mask to be able to say, 'Hey, we're still buying Bitcoin,' but they're not increasing Bitcoin per share at all. For the longest time, that was the No. 1 metric." "They can't raise money through $STRC as long as it's trading this far below par... they can't tap that facility, and that was where they were raising the majority of their capital over the past year." "The real options left are dilution via either selling $MSTR or selling Bitcoin. Either way, both are hurting shareholders."
3:11

CryptoKaleo claims MicroStrategy is trapped in an endless cycle that is hurting its shareholders "They are diluting $MSTR holders directly to pay the bill for everything else." "They're buying the Bitcoin as a mask to be able to say, 'Hey, we're still buying Bitcoin,' but they're not increasing Bitcoin per share at all. For the longest time, that was the No. 1 metric." "They can't raise money through $STRC as long as it's trading this far below par... they can't tap that facility, and that was where they were raising the majority of their capital over the past year." "The real options left are dilution via either selling $MSTR or selling Bitcoin. Either way, both are hurting shareholders."

Fibonacci 🥷

57,921 次观看 • 3 个月前

"The biggest cuck mentality is 'oh, if Saylor didn't exist, we'd be at $40,000.' I don't think that's necessarily true." "How many people invested in something like MSTR that would have bought Bitcoin otherwise? Saylor holds the Bitcoin, and they hold the stock that's down 80%. I think that number is probably 600,000 of the 800,000 Bitcoin."
1:57

"The biggest cuck mentality is 'oh, if Saylor didn't exist, we'd be at $40,000.' I don't think that's necessarily true." "How many people invested in something like MSTR that would have bought Bitcoin otherwise? Saylor holds the Bitcoin, and they hold the stock that's down 80%. I think that number is probably 600,000 of the 800,000 Bitcoin."

TFTC

42,714 次观看 • 4 个月前

Should Strategy proactively sell Bitcoin now to protect shareholders later? Kaleo makes the case for selling, and gets pushback Kaleo: "Issuing MSTR is good here. If they were able to just unload a few billion dollars worth of Bitcoin and say the price didn't move way too much, we are being proactive. If they were able to sell that $1.25 billion of Bitcoin, that's bullish" "You're advocating for destroying shareholder value now to protect shareholder value in the future. Why would we be worried about Strategy being a forced seller if we're not worried about voluntarily selling now? That point I just don't get" Kaleo: "Where else is that 10 to 12 billion dollars coming from? They right now have talked about they are willing to sell the Bitcoin. If they sell some at a higher price, it eases a lot more of the concerns than if we get to 30k and we're in the same situation and they haven't sold any" "I can't get anyone to give me an answer on how much Bitcoin he can sell and why. You have no idea what would happen if he did that. What if he does it and Bitcoin goes to 30 and people are like we're done, he's out? You've destroyed more shareholder value than if Bitcoin just goes to 30, stays there 18 months, and he's forced to sell a couple billion. The most likely scenario is at some point in the next 12 months Bitcoin goes up enough that this isn't a problem"
3:52

Should Strategy proactively sell Bitcoin now to protect shareholders later? Kaleo makes the case for selling, and gets pushback Kaleo: "Issuing MSTR is good here. If they were able to just unload a few billion dollars worth of Bitcoin and say the price didn't move way too much, we are being proactive. If they were able to sell that $1.25 billion of Bitcoin, that's bullish" "You're advocating for destroying shareholder value now to protect shareholder value in the future. Why would we be worried about Strategy being a forced seller if we're not worried about voluntarily selling now? That point I just don't get" Kaleo: "Where else is that 10 to 12 billion dollars coming from? They right now have talked about they are willing to sell the Bitcoin. If they sell some at a higher price, it eases a lot more of the concerns than if we get to 30k and we're in the same situation and they haven't sold any" "I can't get anyone to give me an answer on how much Bitcoin he can sell and why. You have no idea what would happen if he did that. What if he does it and Bitcoin goes to 30 and people are like we're done, he's out? You've destroyed more shareholder value than if Bitcoin just goes to 30, stays there 18 months, and he's forced to sell a couple billion. The most likely scenario is at some point in the next 12 months Bitcoin goes up enough that this isn't a problem"

The Wolf Of All Streets

46,399 次观看 • 3 个月前

🔥SAYLOR MSTR DILUTION PANIC! DILUTION BEARS DESTROYED!🔥 Everyone is FREAKING OUT over MSTR DILUTION. What if I told you that this FUD was TOTAL RIDICULOUS NONSENSE? The BEARS are either LOSING THEIR MINDS or they cannot do SIMPLE MATH. Or they think Bitcoin is going to zero. In that case, now know how seriously we need to take these people. MSTR DILUTION FUD DESTROYED:
26:23

🔥SAYLOR MSTR DILUTION PANIC! DILUTION BEARS DESTROYED!🔥 Everyone is FREAKING OUT over MSTR DILUTION. What if I told you that this FUD was TOTAL RIDICULOUS NONSENSE? The BEARS are either LOSING THEIR MINDS or they cannot do SIMPLE MATH. Or they think Bitcoin is going to zero. In that case, now know how seriously we need to take these people. MSTR DILUTION FUD DESTROYED:

Adam Livingston

30,398 次观看 • 3 个月前

Former BlackRock fund manager Ed Dowd: "The metals are telling you that there's uncertainty out there and a lack of trust... [and] that gold and silver are going to be part of the new monetary system... [so] gold and silver are the trade and not Bitcoin so much." This clip of Dowd (Edward Dowd), who is also the founder of Phinance Technologies, is taken from a discussion with Michael Farris (Michael Farris) posted to YouTube on January 13, 2026. ---------------Partial transcription of clip--------------- "The metals are telling you that there's uncertainty out there and a lack of trust. I think the big, the moves in gold and silver are really discounting a lack of trust and fear of what is coming and what it's going to look like. And, and also it's also telling you that gold and silver are going to be part of the new monetary system. "And Bitcoin, interestingly enough, has stalled out. It's down 20% since October, the high in October and Bitcoin is barely up today. So, you know, there was always this thesis around Bitcoin that when when there's a new monetary system comes, it's going to, it's going to be protection against, you know, any of that kind of uncertainty. It's increasing. It's becoming increasingly obvious to me that gold and silver are the trade and not Bitcoin so much. "And Bitcoin, unfortunately, is very highly correlated to the Nasdaq and it's disconnected from the Nasdaq. The Nasdaq and Bitcoin have disconnected temporarily. Generally speaking, they're highly correlated. So what does that say? Does that say Nasdaq is going to catch up down to Bitcoin or is Bitcoin going to rally back up? I think that the Nasdaq is going to go down to bitcoin. So that's where we are."
1:15

Former BlackRock fund manager Ed Dowd: "The metals are telling you that there's uncertainty out there and a lack of trust... [and] that gold and silver are going to be part of the new monetary system... [so] gold and silver are the trade and not Bitcoin so much." This clip of Dowd (Edward Dowd), who is also the founder of Phinance Technologies, is taken from a discussion with Michael Farris (Michael Farris) posted to YouTube on January 13, 2026. ---------------Partial transcription of clip--------------- "The metals are telling you that there's uncertainty out there and a lack of trust. I think the big, the moves in gold and silver are really discounting a lack of trust and fear of what is coming and what it's going to look like. And, and also it's also telling you that gold and silver are going to be part of the new monetary system. "And Bitcoin, interestingly enough, has stalled out. It's down 20% since October, the high in October and Bitcoin is barely up today. So, you know, there was always this thesis around Bitcoin that when when there's a new monetary system comes, it's going to, it's going to be protection against, you know, any of that kind of uncertainty. It's increasing. It's becoming increasingly obvious to me that gold and silver are the trade and not Bitcoin so much. "And Bitcoin, unfortunately, is very highly correlated to the Nasdaq and it's disconnected from the Nasdaq. The Nasdaq and Bitcoin have disconnected temporarily. Generally speaking, they're highly correlated. So what does that say? Does that say Nasdaq is going to catch up down to Bitcoin or is Bitcoin going to rally back up? I think that the Nasdaq is going to go down to bitcoin. So that's where we are."

Sense Receptor

136,648 次观看 • 8 个月前

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots? Bitcoin ETFs and Bitcoin Treasuries have taken BTC mainstream. So I asked Saifedean Ammous this very question. His answer might surprise you... 👀👇 "If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time." "To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that," Ammous said. "If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money." Ultimately, the protocol itself is immune to the financial instruments that TradFi has concocted. If people want to lend against their BTC or create complex financial products, that does not actually impact the underlying network. "The way that the protocol works is that it's completely blind to what you're doing with your coins on the Bitcoin blockchain there is no paper Bitcoin there's no such thing as paper Bitcoin there's only 21 million Bitcoin and every node makes sure of that every 10 minutes and then if somebody who has some of these Bitcoin on their private key decides to sell obligations or financial liabilities referring to that Bitcoin under any condition, that's their choice. It's outside of Bitcoin and it's outside of the realm of other Bitcoin users being able to say this is right or wrong and this should happen or shouldn't happen. People are going to do whatever they want with the Bitcoin, including selling access to it or exposure to it in all kinds of different ways. And if you don't like it, you don't buy it, you can stack your own Bitcoin." You can find the full interview for Cointelegraph in the 🧵. If you enjoyed this content, please like 🧡, retweet 🔁 and follow me 👋!
1:57

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots? Bitcoin ETFs and Bitcoin Treasuries have taken BTC mainstream. So I asked Saifedean Ammous this very question. His answer might surprise you... 👀👇 "If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time." "To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that," Ammous said. "If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money." Ultimately, the protocol itself is immune to the financial instruments that TradFi has concocted. If people want to lend against their BTC or create complex financial products, that does not actually impact the underlying network. "The way that the protocol works is that it's completely blind to what you're doing with your coins on the Bitcoin blockchain there is no paper Bitcoin there's no such thing as paper Bitcoin there's only 21 million Bitcoin and every node makes sure of that every 10 minutes and then if somebody who has some of these Bitcoin on their private key decides to sell obligations or financial liabilities referring to that Bitcoin under any condition, that's their choice. It's outside of Bitcoin and it's outside of the realm of other Bitcoin users being able to say this is right or wrong and this should happen or shouldn't happen. People are going to do whatever they want with the Bitcoin, including selling access to it or exposure to it in all kinds of different ways. And if you don't like it, you don't buy it, you can stack your own Bitcoin." You can find the full interview for Cointelegraph in the 🧵. If you enjoyed this content, please like 🧡, retweet 🔁 and follow me 👋!

Gareth Jenkinson

34,417 次观看 • 10 个月前

Vinny Lingham on exactly how the MSTR empire could crash step by step "The moment MSTR trades at a discount he cannot raise more cash. He is locked out. He cannot sell MSTR. He cannot sell STRC. Then he starts running out of cash. Call it nine months, eight months, seven months" "The market prices this in well in advance. The biggest buyer of Bitcoin is being removed. People selling Bitcoin are going to push the price down" "There is a void that forms in the market. The person who has been providing liquidity for years is no longer providing it. The price of Bitcoin goes into a deeper bear market. And then he has to sell Bitcoin to pay the interest on the preferreds"
1:32

Vinny Lingham on exactly how the MSTR empire could crash step by step "The moment MSTR trades at a discount he cannot raise more cash. He is locked out. He cannot sell MSTR. He cannot sell STRC. Then he starts running out of cash. Call it nine months, eight months, seven months" "The market prices this in well in advance. The biggest buyer of Bitcoin is being removed. People selling Bitcoin are going to push the price down" "There is a void that forms in the market. The person who has been providing liquidity for years is no longer providing it. The price of Bitcoin goes into a deeper bear market. And then he has to sell Bitcoin to pay the interest on the preferreds"

Laura Shin

98,694 次观看 • 3 个月前

I think MSTR could go to around all-time high at only a 1.4x mNAV + $150k BTC. $150k Bitcoin is going to be incredibly cheap compared to the long term trend 1 year from now. If we start the climb back now, STRC gets turned back w/ $2b per month issued, and $500m of MSTR gets issued per month. This pace would still be under their 2026 YTD capital raising pace. The beach ball is being held underwater it's just waiting for Bitcoin to move.
0:26

I think MSTR could go to around all-time high at only a 1.4x mNAV + $150k BTC. $150k Bitcoin is going to be incredibly cheap compared to the long term trend 1 year from now. If we start the climb back now, STRC gets turned back w/ $2b per month issued, and $500m of MSTR gets issued per month. This pace would still be under their 2026 YTD capital raising pace. The beach ball is being held underwater it's just waiting for Bitcoin to move.

Adam Livingston

115,146 次观看 • 3 个月前

🔥WE NEED TO TALK ABOUT MSTR - STRC DEPEG + BITCOIN CRASH!🔥 MSTR is now down -28% over the last month. The armchair critics are running rampant. The anime profile pic anonymous trader goblins are running around acting like they can outmaneuver a mega-genius billionaire. The Strategy conversation needs NUANCE. Here I discuss the STRC depeg, MSTR crashing, and what it means for the future:
26:12

🔥WE NEED TO TALK ABOUT MSTR - STRC DEPEG + BITCOIN CRASH!🔥 MSTR is now down -28% over the last month. The armchair critics are running rampant. The anime profile pic anonymous trader goblins are running around acting like they can outmaneuver a mega-genius billionaire. The Strategy conversation needs NUANCE. Here I discuss the STRC depeg, MSTR crashing, and what it means for the future:

Adam Livingston

52,496 次观看 • 3 个月前

Chris Camillo ranks Microstrategy $MSTR and Coinbase $COIN as low tier stocks "Microstrategy, F tier. These levered funds in something as volatile as Bitcoin; I hate it so much" "Coinbase, D. I don't have a lot of visibility into how crypto is going to play out over the next 10 years but I think Coinbase will do fine because they do a lot of institutional stuff"
0:38

Chris Camillo ranks Microstrategy $MSTR and Coinbase $COIN as low tier stocks "Microstrategy, F tier. These levered funds in something as volatile as Bitcoin; I hate it so much" "Coinbase, D. I don't have a lot of visibility into how crypto is going to play out over the next 10 years but I think Coinbase will do fine because they do a lot of institutional stuff"

Fibonacci 🥷

107,107 次观看 • 4 个月前

“I'm not a huge hater of the institutions. I wasn't a huge hater of altcoins. These institutional products are just kind of altcoins. People can go make their money. Go do your thing. But it's not Bitcoin. An ETF is not Bitcoin. With these centralized projects, you're not getting the core values of Bitcoin, the control, the censorship resistance, the privacy. You're putting it in a centralized wrapper, and if you put Bitcoin in a centralized wrapper, you lose everything that's good about it. It's not Bitcoin. It's just an affinity marketing thing. It's “Hey, you like Bitcoin, go buy my other project." Just like, "Hey you like bitcoin? Go buy my altcoin." It's not the same thing, and I think in many ways it's a step backwards. I don't hate these people, but they certainly shouldn't be celebrated. It's not forwarding our industry if we do treasury strategies, if we do ETFs, we cheer for BlackRock and Cantor. That's a step backwards. It's not something to be cheerful for. It's not a victory, in my opinion. A victory is having more people have direct ownership of real Bitcoin. We now have millions of people who've been onboarded into this fake paper thing that's a claim on a claim on a claim of something that has Bitcoin in the words, but it's not actually Bitcoin. They are never actually holding a wallet like many of us did back in 2012 where somebody sent us that first dollar and you say, "Wow, this is cool. I didn't need to give my ID and I'm able to control and hold this sound money for the first time." You now have a whole generation of millions of people that don't have that. They have some junk fiat product sitting like sludge on their centralized brokerage account at the centralized clearing firm, traded on a centralized exchange, with a centralized transfer agent, and a centralized custodian, and they have to trust six levels of people on a claim for something that has the word ‘Bitcoin’ in it. It's not a victory. It's not a step forward. I don't think it's something that should be celebrated at all.”
2:00

“I'm not a huge hater of the institutions. I wasn't a huge hater of altcoins. These institutional products are just kind of altcoins. People can go make their money. Go do your thing. But it's not Bitcoin. An ETF is not Bitcoin. With these centralized projects, you're not getting the core values of Bitcoin, the control, the censorship resistance, the privacy. You're putting it in a centralized wrapper, and if you put Bitcoin in a centralized wrapper, you lose everything that's good about it. It's not Bitcoin. It's just an affinity marketing thing. It's “Hey, you like Bitcoin, go buy my other project." Just like, "Hey you like bitcoin? Go buy my altcoin." It's not the same thing, and I think in many ways it's a step backwards. I don't hate these people, but they certainly shouldn't be celebrated. It's not forwarding our industry if we do treasury strategies, if we do ETFs, we cheer for BlackRock and Cantor. That's a step backwards. It's not something to be cheerful for. It's not a victory, in my opinion. A victory is having more people have direct ownership of real Bitcoin. We now have millions of people who've been onboarded into this fake paper thing that's a claim on a claim on a claim of something that has Bitcoin in the words, but it's not actually Bitcoin. They are never actually holding a wallet like many of us did back in 2012 where somebody sent us that first dollar and you say, "Wow, this is cool. I didn't need to give my ID and I'm able to control and hold this sound money for the first time." You now have a whole generation of millions of people that don't have that. They have some junk fiat product sitting like sludge on their centralized brokerage account at the centralized clearing firm, traded on a centralized exchange, with a centralized transfer agent, and a centralized custodian, and they have to trust six levels of people on a claim for something that has the word ‘Bitcoin’ in it. It's not a victory. It's not a step forward. I don't think it's something that should be celebrated at all.”

Bruce Fenton

23,882 次观看 • 9 个月前

🔥BITCOIN TO $400K?! ASST VS. MSTR!🔥 MSTR is the fortress. ASST is the rocket-powered shopping cart with a lit cigarette in the gas tank. In this video, I break down my ASST investing thesis versus MSTR using CEBE, mNAV, claim ratio, preferred issuance, and the deranged little math goblin hiding inside Bitcoin treasury companies. The thesis is simple. MSTR is bigger, deeper, safer, and more institutional. ASST has more upside torque if Bitcoin rips, the capital structure behaves, and the market keeps paying a premium for the machine. If Bitcoin goes to $150k, ASST may outrun MSTR. If Bitcoin goes to $400k, the moon math gets disgusting. But there’s a catch. mNAV compression can absolutely nuke the outperformance. FULL BREAKDOWN:
29:18

🔥BITCOIN TO $400K?! ASST VS. MSTR!🔥 MSTR is the fortress. ASST is the rocket-powered shopping cart with a lit cigarette in the gas tank. In this video, I break down my ASST investing thesis versus MSTR using CEBE, mNAV, claim ratio, preferred issuance, and the deranged little math goblin hiding inside Bitcoin treasury companies. The thesis is simple. MSTR is bigger, deeper, safer, and more institutional. ASST has more upside torque if Bitcoin rips, the capital structure behaves, and the market keeps paying a premium for the machine. If Bitcoin goes to $150k, ASST may outrun MSTR. If Bitcoin goes to $400k, the moon math gets disgusting. But there’s a catch. mNAV compression can absolutely nuke the outperformance. FULL BREAKDOWN:

Adam Livingston

18,348 次观看 • 2 个月前

$MSTR What You Need to Know Before an Important Week Ahead Keep an eye on key levels for MicroStrategy as we head into the new week. Both $MSTR and Bitcoin are hitting resistance right now. I’m here to help you time the next peak, just like I did when $MSTR was at $500, so you don’t end up holding the bag but turn a profit. $BTC
12:59

$MSTR What You Need to Know Before an Important Week Ahead Keep an eye on key levels for MicroStrategy as we head into the new week. Both $MSTR and Bitcoin are hitting resistance right now. I’m here to help you time the next peak, just like I did when $MSTR was at $500, so you don’t end up holding the bag but turn a profit. $BTC

The Swing Trader

42,688 次观看 • 1 年前

Matthew Kratter of Bitcoin University on being self sovereign with Bitcoin: "The Michael Saylor followers right now who think that they're somehow Bitcoiners when they own a preferred stock that sits in their brokerage account and can be censored at any time... There's operational risks with that and there's leverage risks. And the actual Bitcoin that secures the assets of the balance sheet of the company is sitting at various custodians." "Having things in centralized places, having Bitcoin IOUs or anything like this is a big mistake." "If you don't know how to move Bitcoin around, if you don't know how to send it on-chain... you're going to be dependent on larger services. And the risk is that those don't even have the Bitcoin that they say that they do."
2:11

Matthew Kratter of Bitcoin University on being self sovereign with Bitcoin: "The Michael Saylor followers right now who think that they're somehow Bitcoiners when they own a preferred stock that sits in their brokerage account and can be censored at any time... There's operational risks with that and there's leverage risks. And the actual Bitcoin that secures the assets of the balance sheet of the company is sitting at various custodians." "Having things in centralized places, having Bitcoin IOUs or anything like this is a big mistake." "If you don't know how to move Bitcoin around, if you don't know how to send it on-chain... you're going to be dependent on larger services. And the risk is that those don't even have the Bitcoin that they say that they do."

Simply Bitcoin

20,525 次观看 • 3 个月前

ANTHONY POMPLIANO IS SUPER BULLISH ON BITCOIN DURING THIS BEAR MARKET: "I own more Bitcoin today than I did before the drawdown and we've got a public company that they own more Bitcoin than we did before the drawdown." "Anyone who holds Bitcoin and doesn't think that it's gonna hit a new all-time high at some point the next two or three years then maybe they don't really understand what they own." "I actually think it's very important that we don't know who Satoshi is... I prefer not to know because I think that one of the strengths of Bitcoin is the fact that it is not associated with any one person." "We are ALL Satoshi?"
2:21

ANTHONY POMPLIANO IS SUPER BULLISH ON BITCOIN DURING THIS BEAR MARKET: "I own more Bitcoin today than I did before the drawdown and we've got a public company that they own more Bitcoin than we did before the drawdown." "Anyone who holds Bitcoin and doesn't think that it's gonna hit a new all-time high at some point the next two or three years then maybe they don't really understand what they own." "I actually think it's very important that we don't know who Satoshi is... I prefer not to know because I think that one of the strengths of Bitcoin is the fact that it is not associated with any one person." "We are ALL Satoshi?"

Simply Bitcoin

161,140 次观看 • 5 个月前

“There was never any talk of the risk.” Peter Schiff is just lying at this point. The risk of $STRC was always obvious: it is preferred equity issued by a Bitcoin Treasury Company. Saylor said it clearly: if Bitcoin goes down long term or forever, that is the risk. And what are we seeing now? Bitcoin under pressure. Liquidity rotated into AI and IPOs. Maximum fear. STRC down. That is not some hidden scandal. That is risk premium repricing. Strategy does not magically control STRC’s market price. They can adjust the dividend rate, but the market prices the risk of Bitcoin and Strategy’s ability to keep paying dividends. And when Bitcoin starts going up again, what do you think happens? The same risk premium reprices in the other direction. If you buy preferred equity in a Bitcoin company, you are making one core assumption: Bitcoin goes up over the long term. That was never hidden.
0:42

“There was never any talk of the risk.” Peter Schiff is just lying at this point. The risk of $STRC was always obvious: it is preferred equity issued by a Bitcoin Treasury Company. Saylor said it clearly: if Bitcoin goes down long term or forever, that is the risk. And what are we seeing now? Bitcoin under pressure. Liquidity rotated into AI and IPOs. Maximum fear. STRC down. That is not some hidden scandal. That is risk premium repricing. Strategy does not magically control STRC’s market price. They can adjust the dividend rate, but the market prices the risk of Bitcoin and Strategy’s ability to keep paying dividends. And when Bitcoin starts going up again, what do you think happens? The same risk premium reprices in the other direction. If you buy preferred equity in a Bitcoin company, you are making one core assumption: Bitcoin goes up over the long term. That was never hidden.

Alex 👽

21,220 次观看 • 3 个月前

🔥STRATEGY WILL BE THE WORLD'S MOST VALUABLE COMPANY - BITCOIN WILL FLIP GOLD🔥 Think Bitcoin is going to eventually flip gold as the world's #1 asset? In that case, you should be bullish on $MSTR! NAPKIN MATH: Let's make it simple with 20 million circulating BTC and gold also sees some inflows so it's $40T by the time the BTC flippening of gold happens. $40T / 20 million = $2 million per Bitcoin. When does this happen? No idea. Let's say it happens in 2038. Let's say zero MSTR mNAV expansion. Zero new Bitcoin acquired. They pay 12% on STRC until then. Dividends paid with MSTR issuance. They pay 0.55% on their debt and it never goes away (lol). RESULT: Bitcoin goes from $62,875 to $2 million. BTC return: 31.81x MSTR goes from $93.28 to approximately $4,253. MSTR return: 45.60x Again: Zero new Bitcoin acquired. Zero mNAV expansion. The preferreds remain outstanding. The debt remains outstanding. MSTR spends approximately $22.7 billion servicing STRC dividends and debt interest over the 12 years, entirely through common-stock issuance. And MSTR still outperforms Bitcoin. HOW DOES THAT HAPPEN? At the beginning, MSTR’s net senior claims equal approximately 292,251 BTC. At $2 million per Bitcoin, those exact same dollar claims equal only 9,188 BTC. The liabilities never disappear. They simply get beaten within an inch of their economic lives by the denominator. That releases approximately 283,064 BTC of residual value to the common equity without Strategy purchasing one additional sat. Common shareholders’ residual claim rises: 551,524 BTC → 834,587 BTC Paying 12 years of dividends and interest through MSTR issuance increases the share count by only: 384.6 million → 406.0 million Just 5.6% dilution. So CEBE per share rises: 143,404 sats → 205,562 sats That is 43.3% growth in claims-adjusted Bitcoin exposure per share while the gross Bitcoin treasury remains completely unchanged. The return equation becomes: 31.81x BTC appreciation × 1.433x CEBE-per-share growth × 1.00x mNAV change = 45.60x MSTR $10,000 invested in Bitcoin becomes approximately $318,000. $10,000 invested in MSTR becomes approximately. $456,000 MSTR creates roughly $138,000 of additional terminal wealth on the same $10,000 investment while buying zero additional Bitcoin. This is the part MSTR bears cannot process because their mental model of a capital structure is a shoebox with the word “DEBT” written on the lid in crayon. MSTR is not merely a static jar of Bitcoin. Common shareholders own the residual claim behind fixed-fiat liabilities wrapped around scarce collateral. As Bitcoin appreciates, those dollar liabilities consume fewer sats. The value released by that compression flows to common equity. At $2 million Bitcoin, the debt is still technically there. It just has the economic significance of a parking ticket taped to an aircraft carrier. The Bitcoin flippening would not merely dethrone gold. It would turn MSTR’s capital structure into a 12 year public execution of the dollar denominator:
0:30

🔥STRATEGY WILL BE THE WORLD'S MOST VALUABLE COMPANY - BITCOIN WILL FLIP GOLD🔥 Think Bitcoin is going to eventually flip gold as the world's #1 asset? In that case, you should be bullish on $MSTR! NAPKIN MATH: Let's make it simple with 20 million circulating BTC and gold also sees some inflows so it's $40T by the time the BTC flippening of gold happens. $40T / 20 million = $2 million per Bitcoin. When does this happen? No idea. Let's say it happens in 2038. Let's say zero MSTR mNAV expansion. Zero new Bitcoin acquired. They pay 12% on STRC until then. Dividends paid with MSTR issuance. They pay 0.55% on their debt and it never goes away (lol). RESULT: Bitcoin goes from $62,875 to $2 million. BTC return: 31.81x MSTR goes from $93.28 to approximately $4,253. MSTR return: 45.60x Again: Zero new Bitcoin acquired. Zero mNAV expansion. The preferreds remain outstanding. The debt remains outstanding. MSTR spends approximately $22.7 billion servicing STRC dividends and debt interest over the 12 years, entirely through common-stock issuance. And MSTR still outperforms Bitcoin. HOW DOES THAT HAPPEN? At the beginning, MSTR’s net senior claims equal approximately 292,251 BTC. At $2 million per Bitcoin, those exact same dollar claims equal only 9,188 BTC. The liabilities never disappear. They simply get beaten within an inch of their economic lives by the denominator. That releases approximately 283,064 BTC of residual value to the common equity without Strategy purchasing one additional sat. Common shareholders’ residual claim rises: 551,524 BTC → 834,587 BTC Paying 12 years of dividends and interest through MSTR issuance increases the share count by only: 384.6 million → 406.0 million Just 5.6% dilution. So CEBE per share rises: 143,404 sats → 205,562 sats That is 43.3% growth in claims-adjusted Bitcoin exposure per share while the gross Bitcoin treasury remains completely unchanged. The return equation becomes: 31.81x BTC appreciation × 1.433x CEBE-per-share growth × 1.00x mNAV change = 45.60x MSTR $10,000 invested in Bitcoin becomes approximately $318,000. $10,000 invested in MSTR becomes approximately. $456,000 MSTR creates roughly $138,000 of additional terminal wealth on the same $10,000 investment while buying zero additional Bitcoin. This is the part MSTR bears cannot process because their mental model of a capital structure is a shoebox with the word “DEBT” written on the lid in crayon. MSTR is not merely a static jar of Bitcoin. Common shareholders own the residual claim behind fixed-fiat liabilities wrapped around scarce collateral. As Bitcoin appreciates, those dollar liabilities consume fewer sats. The value released by that compression flows to common equity. At $2 million Bitcoin, the debt is still technically there. It just has the economic significance of a parking ticket taped to an aircraft carrier. The Bitcoin flippening would not merely dethrone gold. It would turn MSTR’s capital structure into a 12 year public execution of the dollar denominator:

Adam Livingston

24,380 次观看 • 1 个月前

I led more than 500 of my traders today to sell their Microstrategy (MSTR) long at the market open and flip it to short. This is how it's done. Flipped the profits directly into #btc. This is our Microstrategy playbook to get more #bitcoin. Don't trade #btc. Trade everything else for #btc. Boom! 👊🏾
4:58

I led more than 500 of my traders today to sell their Microstrategy (MSTR) long at the market open and flip it to short. This is how it's done. Flipped the profits directly into #btc. This is our Microstrategy playbook to get more #bitcoin. Don't trade #btc. Trade everything else for #btc. Boom! 👊🏾

Oliver L. Velez ⚡️ Bitcoin Intelligence

50,945 次观看 • 1 年前

🔥MASSIVE BULLISH MSTR NEWS - 5 NEW ANNOUNCEMENTS! 🔥 Strategy just raised $1.15 BILLION for the USD reserve in a manner that was ACCRETIVE to MSTR shareholders. They also announced a new DIGITAL CREDIT CAPITAL FRAMEWORK... with FIVE MAJOR ANNOUNCEMENTS/UPDATES on how they will continue operating their Bitcoin treasury strategy. MSTR is back to trading at a premium. STRC is up 11%. THE BEARS ARE INSANE PEOPLE. FULL ANALYSIS/BREAKDOWN:
24:48

🔥MASSIVE BULLISH MSTR NEWS - 5 NEW ANNOUNCEMENTS! 🔥 Strategy just raised $1.15 BILLION for the USD reserve in a manner that was ACCRETIVE to MSTR shareholders. They also announced a new DIGITAL CREDIT CAPITAL FRAMEWORK... with FIVE MAJOR ANNOUNCEMENTS/UPDATES on how they will continue operating their Bitcoin treasury strategy. MSTR is back to trading at a premium. STRC is up 11%. THE BEARS ARE INSANE PEOPLE. FULL ANALYSIS/BREAKDOWN:

Adam Livingston

40,017 次观看 • 3 个月前

EVERYONE HATES BITCOIN RIGHT NOW. THAT IS A GOOD THING! People thought that an asymmetric upside opportunity was going to delivered to them with a cucumber water and a soft voice saying "Right this way please!" WRONG. Did you FORGET what you were getting into with Bitcoin? Did you THINK that the REVOLUTION was NOT going to be volatile? By the time you wait for CLARITY, the opportunity is GONE. DOUBLE DOWN. RESTORE CONVICTION. BITCOIN IS THE FUTURE:
21:21

EVERYONE HATES BITCOIN RIGHT NOW. THAT IS A GOOD THING! People thought that an asymmetric upside opportunity was going to delivered to them with a cucumber water and a soft voice saying "Right this way please!" WRONG. Did you FORGET what you were getting into with Bitcoin? Did you THINK that the REVOLUTION was NOT going to be volatile? By the time you wait for CLARITY, the opportunity is GONE. DOUBLE DOWN. RESTORE CONVICTION. BITCOIN IS THE FUTURE:

Adam Livingston

18,575 次观看 • 3 个月前