sandeep rao

@Williamstar110 @saylor @Strategy You stupid?

@saylor @Strategy Why you didn't buy here like now ? Are you idiot?

₿ig Dot Energy.

@saylor @Strategy Boom.

@TFTC21 @LeveredUSTs So you are saying preferred stock is stock and not a bond? Thanks for clarifying that genius.

"With these perpetuals, they never have to return your principal. You're totally dependent on secondary markets. If liquidity tightens, the infinite duration could mean a bigger price dislocation than most of us think." - @LeveredUSTs The risk nobody's pricing in on STRC.

@RepFine Agree - deport the p.o.s.

We allowed people like Zohran Mamdani into our country who hate what we stand for and gave them citizenship. That was a major mistake. I believe that we need to denaturalize and throw out a ton of people now. I’m all in on ensuring this happens.

@KUNGFLUTARIFFS_ @saylor How about we don't want a conversation with you.

@saylor @saylor, you agree to pay me bividends at or above the BTC spot price at the ex-bividend date and we can have a conversation.

If you are a $STRC shareholder and have not already voted, please take a moment to do it now. Together, we can make history and establish the $100 standard for Digital Credit.

@sithetrader @saylor You are just an idiot - it clearly says "only equity with semi-monthly dividends".

@saylor But it is not “credit”, it is preferred stock. You are misleading investors by implying the safety and structural backing of a corporate bond market - this could not be any further from reality. An 11.5% dividend (or higher) is unsustainable. Eventually this only ends one way.

@marc02200 Already did it. $300K Heloc loan at 6.4% = -$1600/month 3000 shares STRC for $300K at 11.5% = +$2875/month Net = +$1275 monthly income

Can anyone explain to me why parking $100,000 in a savings account that loses to inflation is still called “responsible”…… but going heavy on $STRC is called risky? Do the math:$100,000 in $STRC at 11.5% yield = $958 per month in dividends. Why aren't more people doing this?

@benschmidtbtc The smart move is to sell high basis BTC to pay off the loan and secure tax loss, use STRC to buy BTC. 20K orange dot.

Much less imo. I think they’re using the proceeds to retire the 1.5 billion convertible. Half the 2029

@TheBTCKnight @X Neither - just someone with common sense.

I took out a loan on 20% of my long term portfolio at a 4.95% interest rate. Put it into $STRC which covers the monthly rate by far. The rest of the $STRC dividends buys $ASST. I use my @X payments to pay off the loan. (It’s 20% payed off already). When the loan is payed off I will still have the original loan in $STRC making me 11.5%. I’m going to repeat the process over and over again. Am I a genius or a complete idiot?

@HistoryBoutique You should have figured this out a long time ago.

I never thought I would have to join the Republican Party to be AGAINST racism and antisemitism I never thought I would have to leave the Democratic Party in order to stand for women’s rights. I thought Dems wanted equality? They want chaos. And I am NOT on board.

@InnaVernikov @NYCMayor Deport these pieces of shit.

This is an ALL GIRLS Jewish school in my district. I’m all for prayer and free speech, but why do a bunch of GROWN MEN need to do this right outside of a school full of little Jewish girls??? Is not this what MOSQUES are for? Is this intentional? Mayor Mamdani @NYCMayor any words of wisdom on why all of a sudden they’d feel compelled to do this?

@Strategy How about two more engines: Sell STRC, Buy MSTR Sell BTC, Buy MSTR

8 engines are ₿etter than 3.

@AdamBLiv Why would anyone buy SATA for $100 now, if it is capped at $100 and it is two weeks till record day?

It looks like Strive is going to add 1% to their Bitcoin hoard today. For reference, Strategy adding 1% is about ~8,180 Bitcoin. And after today SATA still has 9 full trading days before the next ex. div date... LET'S GO. THIS IS WHY I AM GIGA-PORTED INTO ASST.

@clinkie44 There is no daily dividend currently, so if the price is capped at $100 what is the incentive to buy SATA for $100 two weeks before record day?

Two weeks before ex-div for $SATA and we’re trading at par. Safe to say - there is a HUGE investor appetite for income and getting paid daily is a no brainer

@AdamBLiv If stupid Schwab did not charge full margin to hold SATA I would move my STRC into SATA for the higher yield.

SATA is hitting par faster than STRC. IT SEEMS AS THOUGH THE STRIVE TEAM IS ABOUT TO BUY MORE BITCOIN. 1.34x EV mNAV for 43% amplified Bitcoin with zero debt and a runway for huge BTC Yield numbers this year. Stock is still cheap. This dip is a gift.

@Werkman @PunterJeff Well deserved. Go True North, Stride on!

@PunterJeff What a ride!

Surreal. From Reinsurance & basement podcasting To Ringing opening bell on the Nasdaq with a ~$1.2 Billion Bitcoin balance sheet. So incredibly proud of this team. The future is bright orange.

@thebtcpharaoh Fee savings now: During the promotional window (April 13 – June 12, 2026), the normal ADR issuance fee (up to $0.05 per ADR/share) is fully waived for conversions from MTPLF. One ADR = one underlying ordinary share.

Metaplanet's US Strategy: What Metaplanet Is Building in the US — Connecting Every Dot Over the past couple of weeks, #Metaplanet management have been dropping clues that they are preparing something significant on the US side. We can all guess what it is (and there are several possibilities) but it’s becoming increasingly clear that something is in the works. Here’s what I’m seeing. The chronological US buildout A 13-month progression that doesn't look incidental when you line it up: → April 2025: Metaplanet Treasury Corporation (Miami) established — highlighted by COO Yoshimi Abe on May 7: "One year ago, we established Metaplanet Treasury Corporation in Miami, our first US entity." x.com/Yoshimi3350Abe… → July 2025: Establishment of US Holding Subsidiary and Share Transfer by Way of Contribution in Kind → September 17, 2025: Metaplanet Income Corp (US) established — specifically to operate the Bitcoin Income Generation business out of US jurisdiction → December 12, 2025: Form F-6 filed with SEC — registration of Sponsored ADR shares → December 19, 2025: SEC declares the F-6 effective. Sponsored Level 1 ADR launches under ticker $MPJPY with Deutsche Bank Trust Company Americas as depositary and MUFG Bank as custodian. → March 12, 2026: Strategic-disclosure day. Three coordinated filings drop together: • Establishment of Metaplanet Asset Management (US subsidiary) • Establishment of Metaplanet Ventures K.K. (Japan venture arm) • Investment in JPYC Inc. via Metaplanet Ventures I want to pause here for a minute and share a excerpt from their own filing: contents.xj-storage.jp/xcontents/3350… This is the actual language from Metaplanet's March 12 filing announcing Metaplanet Asset Management: "The Company sees an opportunity to establish a dedicated asset management platform to serve this market, bridging Asian and Western capital markets." The same filing goes further. It explicitly names the product set: "perpetual preferred securities and related fixed income instruments, a category increasingly referred to as Digital Credit" — alongside "actively managed strategies… derivatives and structured positions, equity and credit strategies focused on Bitcoin treasury companies… index products and benchmarks." Then it commits to the rollout: "The Company intends to announce specific funds, managed strategies, and structured products as they are launched, spanning the full spectrum of Bitcoin capital markets from yield instruments and fixed income to actively managed equity, credit, commodity, and volatility strategies." This plan was disclosed two months ago in plain English in a filing on their website. This has been in the works for some time. A perpetual preferred ("Digital Credit") is the most likely first product IMO. But it's the first product in a platform, not a one-off raise. Metaplanet Asset Management is the operating engine for a multi-product Bitcoin capital markets business — issued out of US jurisdiction, designed from inception to bridge Tokyo-listed parent equity, US institutional appetite, and Japanese yield-starved capital into a single ecosystem. → March 16, 2026: Capital Allocation Policy revised. → April 13, 2026: Metaplanet opens a 60-day fee-free window (Apr 13 to Jun 12) for converting unsponsored $MTPLF shares into sponsored $MPJPY ADRs. Removes the standard $0.05/ADR fee. More on this later. → April 26, 2026: Metaplanet lights up the Las Vegas Sphere with "Secure the Future with Bitcoin" — ~$450K/day for premium US institutional visibility. dlnews.com/articles/marke… → April 27, 2026: High-tier sponsor of Bitcoin for Corporations at Bitcoin 2026 Conference (Venetian, Las Vegas) → May 7–13, 2026: Boston (and potentially other US cities) week-long institutional roadshow. Full senior team: Simon Gerovich (CEO), Dylan LeClair (Head of BTC Strategy), Yoshimi Abe (COO), Shinpei (IR). → May 13, 2026: Q1 FY2026 results filed. Same day, coordinated messaging: • Simon: Japan prefs listing "has taken longer than we initially anticipated… we appreciate that this has created uncertainty" — explicit admission of delay. Flagged monthly dividends as a structural feature that would also take time to build. x.com/gerovich/statu… • Dylan: "Transforming capital markets is patient work. We will continue diligently, tirelessly, and without compromise, in Japan and abroad." The "and abroad" is not a slip. Shoutout to @swissBTCmaxi for catching that x.com/swissBTCmaxi/s… Five US legal entities. Sponsored ADR with a major Wall Street depositary. Million-dollar Sphere/conference spend. CEO + COO + Head of Bitcoin Strategy + IR on a senior-roadshow tour. Coordinated same-day messaging. The fee-waiver window is not a coincidence Look at the calendar. The fee-free $MTPLF→$MPJPY conversion window runs Apr 13 to June 12, 2026. My projected announcement window for a US perpetual preferred (144A path) is mid-June to mid-July (more on this below). The waiver expires almost exactly when the announcement is expected to land. This isn't coincidence. Before issuing a USD-denominated perpetual preferred under the same parent, you want the sponsored ADR — Deutsche Bank-backed MPJPY — trading with consolidated, deep, institutionally-clean float. So management compressed the MTPLF→MPJPY migration into a 60-day sprint that ends right as the new product needs the ADR liquidity to launch on top of it. The pricing reality A 5-6% rate works in Japan because Japan is yield-starved. It does not work in the US, where the comparable BTC-treasury perpetual prefs already clear at much higher yields - let’s just call it anywhere between 10-14% depending on the instrument and issuer. If Metaplanet issues a USD perpetual preferred to clear at scale ($200–500M), the coupon almost certainly needs to be 12%+. The EDGAR reality check I went to SEC EDGAR to red-team this. Here's what I found: → Metaplanet Inc. (CIK 0002100603) has only TWO filings ever: the F-6 ADR registration and its EFFECT notice — both from December 2025. Zero filings in 2026. → Metaplanet Asset Management — no EDGAR registration. Not a filer. → Metaplanet Income Corp — no EDGAR registration. Not a filer. → Metaplanet Treasury Corporation — no EDGAR registration. Not a filer. → (Note: "Metaplanet AI Fund I, LP" exists on EDGAR with Estonian principals and AI focus — completely unrelated, just a name coincidence.) This rules out an imminent NYSE/Nasdaq listing or fully SEC-registered F-1 IPO — those require scaffolding that we'd already see by now. But it strongly supports a Reg S / 144A private placement path: 144A placements sell to qualified institutional buyers (QIBs) only Don't require SEC pre-registration Allow public marketing without quiet period (which is exactly what we're observing) Can close in 4–12 weeks from pre-marketing This is the same mechanism Strategy used for $STRC/$STRD/$STRF — initial 144A placement, eventual broader registration The most likely scenarios, ranked 1. US 144A perpetual preferred. Issued by Metaplanet Inc. or Metaplanet Asset Management, structured like a $STRC clone (or possibly convertible like MERCURY). Sized $200–500M. Targets QIBs initially; broader exchange listing later. 2. Metaplanet Asset Management product launch. Could be a US-domiciled BTC treasury fund or managed strategy that institutional allocators buy into. Distinct from issuing securities directly. Fees on AUM become a revenue line. 3. $MPJPY upgraded from Level 1 to Level II/III ADR. Common stock dual listing on Nasdaq. Simpler, faster, no new instrument. But EDGAR shows no F-3 yet, so this would push to Q4 2026 at earliest. Some of the scenarios may not be mutually exclusive. Timeline If 144A path (most likely): Roadshow start: May 7 ✓ Anchoring institutional orders: 3–6 weeks Announcement window: mid-June to mid-July 2026 Pricing and close: 2–4 weeks post-announcement 144A listing / QIB trading start: late July to early August 2026 Closing thoughts @Strategy is running the best capital markets playbook in financial history. @Strive is doing a fantastic job and punching above its weight. But the loudest stories aren't always the biggest ones. Metaplanet is building something none of the others have. Don't write off the dark horse just because there is a new flavor of the month. They've been training. And they're ready to sprint.

@thebtcpharaoh Thanks - info I have posted is from Grok. I think I need to do this conversion.

@thebtcpharaoh Liquidity and future features: Community consensus (including from active holders) suggests liquidity will gradually migrate to MPJPY. It’s positioned as the primary U.S. vehicle and more likely to support things like options if they ever list.

@thebtcpharaoh Recommendation: Reach out to Schwab soon (before June 12) to lock in the waiver and get exact fee/timeline details for your account. Many holders view the switch as worthwhile for the sponsored ADR advantages.