dalbmloh
4K posts


@BigpictureBTC @cryptofordocs @AdamBLiv @Z06Z07 @BTCoptioneer @hillery_dan The rates will absolutely go down at some point.
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@cryptofordocs @AdamBLiv @Z06Z07 @BTCoptioneer @hillery_dan Their only rebuttal can consist of two options:
1. At current growth rate, they believe $700B worth of share issuance can easily be absorbed into a $44.6B company
2. $STRC will lower its rates. Which I have voiced my view on that in my pinned article in the STRC section.
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Strategy (MSTR) Preferred Dividend Burn Math.
The Bottom Line: At its current growth rate, Strategy will exhaust its $2.25B preferred dividend reserve in 9 to 10 months. If ATM issuance continues compounding at this pace, dividend obligations will hit nearly $700 Billion in 2.5 years.
Even if the $MSTR share price skyrockets back to its previous all-time high of $543, the company would still have to dilute common shareholders by nearly 400% just to pay the preferred yields. Here is the exact math using official SEC filings and live corporate dashboards.
1/ The Starting Line Feb 5, 2026:
Q4 Earnings 8-K announced a $2.25B USD Reserve (effective Feb 1) to fund "2.5 years" of preferred dividends. Today is April 13, 71 days later.
2/ STRC Variable Burn STRC obligations grow dynamically via ATM issuance.
•Feb 1: $3.4B Notional at 11.25% yield = $1,047,945/day.
•April 13: $6.357B Notional at 11.50% yield = $2,003,142/day.
•71-Day Average Cost: $1,525,543/day. Total STRC burned: $108.31M.
3/ Fixed Preferred Burn Based on Form 424B5 and Q4 filings:
•STRE: ~$716.8M USD notional at 10% = $196,383/day.
•STRD: $292.4M notional at 10% = $80,109/day.
•STRF: $202.6M notional at 10% = $55,506/day.
•STRK: $50.0M notional at 8% = $10,958/day. Total Fixed Burn ($342,956/day * 71 days): $24.35M.
4/ Remaining Cash Reserve
Starting Reserve: $2,250,000,000
Less STRC Burn: -$108,310,000
Less Fixed Burn: -$24,350,000
Current Reserve: $2,117,340,000 ($2.117B).
5/ Exponential Depletion
STRC grew from $3.4B to $6.357B in 71 days (86.9% absolute growth).
Compound Monthly Growth Rate (CMGR): (6.357 / 3.4) ^ (30 / 71) - 1 = 30.06% monthly compounding.
If 30.06% growth continues, starting with today's $71.36M monthly burn and $2.117B reserve:
•Month 1: $71.3M burn ($2.04B left)
•Month 4: $144.5M burn ($1.69B left)
•Month 7: $305.7M burn ($933M left)
•Month 9-10: Reserve exhausted.
6/ Cost to Regain 2.5-Year Runway
What is the cost to refill a 30-month reserve?
•Static (Stop Issuance): 30 months requires $2.14B. With $2.117B left, the deficit is $23.8M. Requires issuing 183k common shares at $130.
•Dynamic (30.06% Growth Continues): The sum of 30 months of compounding dividend obligations is $699.7B ($699.4B STRC + $0.3B Fixed). Deficit: $697.6 Billion.
7/ The Price Target Illusion
Strategy bulls will argue that the share price will be much higher by then, making the dilution negligible. Let's run the math on raising that $697.6 Billion deficit against a current float of roughly 333 Million outstanding shares.
Here is the exact dilution required to pay the 30-month dividend bill at higher price targets:
•At $130/share: 5.36 Billion shares issued (1,609% dilution)
•At $200/share: 3.48 Billion shares issued (1,045% dilution)
•At $300/share: 2.32 Billion shares issued (696% dilution)
•At $400/share: 1.74 Billion shares issued (522% dilution)
•At $500/share: 1.39 Billion shares issued (417% dilution)
•At $543/share (Previous ATH): 1.28 Billion shares issued (386% dilution)
Conclusion:
Even in a hyper-bull scenario where MSTR reclaims its previous ATH of $543 per share, maintaining this 30% monthly ATM growth rate requires nearly quadrupling the outstanding share count just to pay the preferred dividends.
If ATM issuance halts, Bitcoin accumulation stops. If issuance continues, the math dictates hyper-dilution regardless of the stock price.
Unless he starts selling their BTC in which case the narrative and model collapses…
It seems a vast majority of MSTR shareholders don’t understand what they’re cheering for. From a common shareholders perspective, $STRC should not be viewed as Digital Credit, but rather Digital Kamikaze….
Michael Saylor@saylor
Strategy has acquired 13,927 BTC for ~$1.00 billion at ~$71,902 per bitcoin and has achieved BTC Yield of 5.6% YTD 2026. As of 4/12/2026, we hodl 780,897 $BTC acquired for ~$59.02 billion at ~$75,577 per bitcoin. $MSTR $STRC strategy.com/press/strategy…
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Dashers have delivered billions of orders but this was our first to 1600 Pennsylvania Avenue!
Sharon, a Dasher and grandma from Arkansas, knocked on the Oval Office door to thank @POTUS for delivering No Tax on Tips, a policy that helps millions of hardworking Americans keep more of what they earn.
This is the kind of change that can happen when tens of thousands of Dashers like Sharon make their voices heard.
The White House@WhiteHouse
HAPPENING NOW... 👀🍟💰
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@michaeljknowles Get off your high horse, you support a literal child rapist, DJT
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So you admit you’re unfit to serve as governor, but you plan to remain in Congress?
Eric Swalwell@ericswalwell
I am suspending my campaign for Governor. To my family, staff, friends, and supporters, I am deeply sorry for mistakes in judgment I’ve made in my past. I will fight the serious, false allegations that have been made — but that’s my fight, not a campaign’s.
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@nickshirleyy @ericswalwell Bro, Trump has been accused of way worse.. he should resign
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@ericswalwell If you aren’t fit to run a campaign what makes you fit to continue your time as a congressman?
Resign.
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Did you know that you can retire on just $870,000 and NEVER WORK AGAIN?
Did you know your financial advisor has been LYING to your FACE for 30 years?
Bless his heart.
He said you needed $2.5 million to retire on $100K/year.
He has a boat named “Your Fees.”
That advice is dead. I killed it.
You’re welcome.
STRC pays an 11.5% dividend.
Tax-deferred. Paid monthly.
Which means $870,000 - LESS than a median California house that doesn’t even have a yard…
…generates $100K/year FOREVER.
Your advisor’s boat is sinking.
No selling. No rebalancing. No “have you considered your risk tolerance” phone calls at 9am.
Just a number going up in your brokerage account while you drink coffee in a bathrobe at 11am on a Tuesday like God intended.
$870K.
That’s it. That’s the exit number.
Not $2.5M.
Not “grind for 40 years and die with good posture.”
$870,000 and STRC does the rest while you become insufferable at dinner parties.
✅ Retire before your knees give out
✅ Tell your boss what you actually think (do it)
✅ Live off dividends while everyone else lives off vibes
Your financial advisor needs 40 years of your labor to fund his lifestyle.
STRC needs $870K to fund yours.
Choose accordingly.
Buy STRC.
Pocket the yield.
Become the problem.

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Saving $11,000 on no tax on tips is mathematically impossible. $25k / $11k = 44% tax deduction) her marginal tax rate at the maximum is 24% or the deduction is disallowed due to income. Most states did not adopt these deductions and even if they did no state has a 20% rate and adopted these deductions. That all being said. I’m glad she saved some taxes but let’s just be honest on how much taxes were saved. 🤷🏼♀️
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🚨 BREAKING: President Trump has vowed to MASS PARDON his top admin officials and staffers when he leaves office — WSJ
Good. The left is going to GO AFTER these patriots relentlessly.
"I'll pardon everyone who has come within 200 feet of the Oval," Trump said in a "recent meeting to laughs"
Remember: JOE BIDEN went CRAZY with mass pardons when he left office.
The left has ZERO grounds to complain about this if and when it does happen! PARDON AWAY!
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After reading all the replies to my tweets I have come to realize that I have been wrong about everything
Trump is demonic and a Mad King, I should have seen it sooner.
Israel has been controlling everything the whole time, I was blind.
I apologize and hope that moving forward you will still consider reposting me on X and buying my coffee
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@nicksortor @nickshirleyy Okay, this is meaningless until you look at the #1 cost center, the military. But no one has the balls to do that
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🚨 HOLY CRAP! Treasury Sec. Scott Bessent tells @nickshirleyy there could be $500 BILLION in fraud YEARLY — 10% of the budget
But a LOT of that will be smashed with a 30% reward program for those who turn in fraudsters
End it all and JAIL the fraudsters!
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@MannyMo0000 @JuniorFaF0 @GuntherEagleman Oh, so you believe all doj current and present Will or should do the bidding of the political party in power? No, that’s not how it should work.
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@dalhbd @JuniorFaF0 @GuntherEagleman They were not sealed from the DOJ. That means the DOJ had 4 years to find dirt on Trump, they didn’t do that, why……..dimwit
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HOLY FUCKlNG HELL MELANIA TRUMP IS OUT HERE NAMING NAMES AND NOT HOLDING BACK!
"The false smears about me from mean spirited and politically motivated individuals and entities looking to cause damage to my good name to gain financially and climb politically must stop."
"My attorneys and I have found this unfound and baseless lies with success and will continue to maintain my sound reputation without hesitation."
"To date, several individuals and companies have been legally obligated to publicly apologize and retract their lies about me."
"Such as daily beast, James Carville and Harper Collins U.K. Now is the time for congress to act. Epstein was not alone."
SUE THEM INTO OBLIVION.
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@GeraldoRivera You can tell his was quick and last minute, she wasn’t even prepped. Something is coming out
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