Mocha

I expect that is what will happen. 🍻 In the meantime, it makes sense to be generous with the yield, even if by 100-150 bps, in order to accelerate the growth trajectory of $STRC's market cap. It's consistent with other strategic decisions @Strategy has made, such as holding the USD reserve in order to increase trust and perceived credit quality even when the optimal short-term approach would be to smash-buy Bitcoin. In retrospect, I think those extra 100-150 bps will seem like a very good "investment" for the $MSTR shareholders in 5 years when Bitcoin is trading at $400k. But I haven't quantified yet what that payoff could look like. Speaking of, I'm gearing up to release my monster model framework, which allow people to see test out exactly this scenario, among many other hypotheticals. You'll be able to see growth in MSTR share price, BTC reserve, BTC yield, Sats per share, MSTR market cap, STRC market cap -- under whatever assumptions you wish. There's nothing else like it out there (at least that I've encountered). Please stay tuned! 🧡

@monster_models @RHodls @BTCoptioneer I’m hoping as a MSTR holder that he shows the same ruthlessness towards STRC holders and puts the rate to as low as it can go, once he’s taken the money.

Some fixed income investors will look at $STRC and say that it is too good to be true. But slowly they will realize that everything else is too awful to tolerate.

$80k in $STRC And while the investor is enjoying their rock-bottom volatility and steady dividends, they can learn as much as they can about #Bitcoin and @Strategy. Then they can decide whether and to what degree either is for them. I'd leave $VOO on the bench every day all day, but they should keep it on their watchlist as a reminder for what passes as a "safe default" in tradfi spaces. 🍻

Be honest, what is a better base for a beginning investor to start with? • 1 #BTC with a average price of $80k • $80k in VOO lump summed in today.

@Rajatsoni Lolllll

The bears are sending their worst into battle 🤣🤣

@mikewmunz 💯

This is what it ultimately comes down to Eventually, they’ll be forced to capitulate as holding the inferior assets causes more pain as their return dwindles in real terms

My take is that Saylor and the board will only lower the dividend rate if they perceive there being too much demand for $STRC, however they choose to define "too much." Otherwise, Saylor would rather overpay slightly to get the additional marginal STRC shares out the door knowing that he can always lower the rate later. It's similar to his philosophy on buying Bitcoin - he'd rather buy OTC at a slight premium and get his fills immediately than mess around with market price and maybe not get filled.

@RHodls @BTCoptioneer @monster_models He said it himself in the latest podcast (that strc rate would come down). Can’t remember what minute. But was in the first 1 hour

@dominickolas1 @ZynxBTC This is unusually wise (not for you, just from people in general). 🍻🫡

@ZynxBTC Some people don't want to be right. They just want to be listened to.

This might be the stupidest post I have ever seen on Strategy and it got 162k views. If they ever had $700bn in dividend obligations from STRC, that means ~$6tn was raised and put into Bitcoin. Share price would be orders of magnitude higher than $543. I'm genuinely stunned.

The yield is definitely part of what I've noticed some people zero in on as suspiciously good. But it's more than that: when you combine the stellar yield with the tax-deferred ROC dividend treatment (and qualified after that, AFAIU from reading the prospectus) as well as the ultra-low volatility and high liquidity, it starts to set off alarm bells in certain people's heads, at least before they more fully understand the product and @Strategy. I can't blame them though, because we basically condition people socially from young ages to think that "if something seems too good to be true, it probably is."

@monster_models $STRC yields will slowly compress down to 8%. At that point, it will be a $100B asset and institutional capital will be pouring in.

What Grain said. They're probably aware of how $MSFT shareholders reacted when their board put whether to assess the potential of adding BTC to their balance sheet to a vote. It was overwhelmingly rejected (granted, at the recommendation of the board). Only 0.55% of shareholders voted in favor. Something tells me the shareholders will come around in the future, but not before first pointing the finger at the board and CEO for missing the opportunity and "misleading them" with their recommendation to vote no. coindesk.com/markets/2024/1…

@glennhodl Unlikely, since the Bitcoin price will rise as they buy and their boards will not have the conviction.

MSTR is clearly going to get to 1m bitcoin. From a standing start it would take perhaps $300-400 billion to match that. Realistically about 10 companies have the cash to seed enough of a treasury to get there. Berkshire Hathaway: ~$382B CITIC Limited: ~$171B Daiwa Securities Group: ~$131B Alphabet: ~$127B Amazon: ~$126B TSMC: ~$98B Interactive Brokers: ~$93B Microsoft: ~$89B Charles Schwab: ~$89B Meta Platforms: ~$82B Any chance any of them get remotely close?

@ChrisMMillas 🍻

@monster_models I would not be surprised.

🔥 Hot prediction 🔥 One of the big banks is already beginning to accumulate a massive position in $STRC as they execute internally on the digital money product that @saylor and @phongle pitched them in December. My guess is that it is @MorganStanley. While proud of the successful launch of their $MSBT ETF, they deeply regret waiting so long and now being so far behind BlackRock and $IBIT. They're determined to not make the same mistake twice, and want to establish themselves as the first to market with a novel offering. What better way to catch up than for that product to be one that everyone will want? Not only would it re-assert their relevance, it would cement it for years. Possibly decades. Morgan Stanley heard the #Bitcoin community say, "Get on board or get left behind." They chose to get on board.

@InNumerisSat @saylor @phongle @MorganStanley Agreed. The banks tend to do whatever will make them money. Bitcoin facilitates this well.

@monster_models @saylor @phongle @MorganStanley That's my prediction also. Plus, it's the most rational move they can make.

@AngryBuhda Lol what a funny way to try to spread FUD.

@monster_models Apparently now the bots are saying it's doing too well. Interesting narrative..

Can you see what is happening? 👀 $STRC $MSTR

This is the whole ball game. The WHOLE ball game. It's not complicated. STRC holders take the first 11.5% of expected long-term gains, and the rest of it flows to to the MSTR common stockholders. And not only does it flow to them, it compounds along the way. The long-term expected return of MSTR can be shown to be: MSTRR = BTCR + CARRY * AMPLIFICATION where MSTRR is the expected annual return of MSTR, BTCR is the expected annual return of Bitcoin, CARRY is the carry spread between BTCR and the cost of capital (BTCR minus 11.5%), and AMPLIFICATION is the amplification ratio. So if the expected CAGR over some forward time horizon for Bitcoin is 32%, for MSTR it might be 32% + 20.5% * 35% = 39.1%. MSTR is an amplified carry trade. x.com/i/status/20342…

@HighYieldHustle So if they sell $1M of STRC, and in 10 years they pay $1.15M in dividends to STRC holders while that same $1M Bitcoin is worth $5M, who captures that gain?

I’m not trying to be a hater just genuinely looking for an answer. $MSTR holders why do you buy knowing you’re constantly going to be diluted?

@Voyager21M @AdamBLiv And ever! ♾️

@AdamBLiv Up forever 🚀

🔥SAYLOR HAS WON: THE BITCOIN SINGULARITY IS HERE🔥 THIS IS THE BIGGEST STORY IN FINANCE. THE BEARS ARE ON LIFE SUPPORT. ASSUMING LAST WEEK'S CAPTURE RATE, STRATEGY JUST RAISED MORE THAN THEIR ENTIRE ANNUAL DIVIDEND OBLIGATION... ...IN ONE TRADING SESSION... ...WITH ZERO MSTR ISSUANCE NEEDED. $1.2 BILLION OF BITCOIN PURCHASED IN ONE DAY. THE CAPITAL FROM THE WORLD'S LARGEST INCOME POOL IS FLOODING INTO BITCOIN. STRC. THE GREATEST SHARPE RATIO IN HISTORY. 11.5% YIELD. 1.7% VOLATILITY. HIGH LIQUIDITY. NOTHING CAN COMPETE WITH SAYLOR'S BITCOIN WAR MACHINE. THIS IS THE GREATEST WEALTH TRANSFER IN THE HISTORY OF HUMANITY:

@piovincenzo_ And fwiw, I think the Robinhood UI is awful. 🫡 But I'm prepared to be in the minority.

Fidelity's fills are so insanely good I love Robinhood's user interface, but you really can't beat the fills you get on Fidelity User interface isn't even bad on Fidelity either IMO. Mobile app just can't compete with Robinhood

@piovincenzo_ This. 💯

@Z06Z07 @Strategy Yes. 😎🧡🚀

800k Bitcoin milestone will be announced on Monday for @Strategy Send it. Bullish $MSTR $STRC tnorth.com/tools/strategy…

@_BTCStrategist That is a good rule! 🍻 I tried a different approach than I usually employ with another bear. Reposted it to my timeline.

@monster_models I have a two reply rule for myself. If the person decides to continue ignorant I just move on with my day.

There will be all manner of bear sightings in the days, weeks, and months ahead. Some of them sound outright angry. And to think that the bewilderment has barely even started. $STRC $MSTR

@GreenerJos76402 @saylor @phongle @MorganStanley 💯 For sure. Goldman doesn't want to be left out of the conversation! 🍻 Something tells me that this won't be their only Bitcoin product.

@monster_models @saylor @phongle @MorganStanley And there's this x.com/EricBalchunas/…

Friend, I'm going to engage with you a bit differently than most people in this situation might. I suggest you disarm and open your mind. Sincerely. You sound like you are in a defensive posture (maybe you're aren't, but that's how you sound to me), and if that's where you remain you will have a difficult time adapting your worldview to new information. I was once the most doubting of Bitcoin skeptics. It was a supremely humbling experience to come around on the fact that Bitcoin was not what I originally thought it was. I had to let go of my ego in order to move forward. It was one of the most difficult things I've ever had to do. I invite you to open yourself to a similar experience. I've studied the company for hundreds of hours. It's all I do, aside from self-care and maintaining my relationships (and studying Bitcoin itself, of course). I am 100% certain that as long as Bitcoin appreciates as we all think it will, the common share issuance (for the purposes of paying the $STRC dividend, as well as for general Bitcoin purchases) is not a problem. It is even less than not a problem. It is as necessary and purposeful as night is to day. If you're not there yet, that's okay. I wish you peace and love regardless of how you choose to move forward. 🧡