MSTR

Disastrous-Dinner966

MSTR is an exorbitantly expensive way to get exposure to bitcoin. Think of all the facilities, all of the overhead, all of the salaries, all of the benefits a modern company pays for and then ask yourself how you benefit from any of that if all you want is exposure to bitcoin?

SmoothGoing

>Greyscale is a direct purchase of bitcoin Nope. Purchasing shares not bitcoin. Did you try to trade your gbtc shares for 0.0000939 BTC or whatever? Did it work? MSTR business model is whatever. Leveraging debt to buy tokens is not their primary business model. They sell business intelligence software or something. MSTR is not a bank. Offers no accounts, cards, loans, nothing. Buying MSTR is pretend buying bitcoin at double the price per coin. Coins you can never get. Sub is not for financial advice. Good luck tho.

TheSlipSlapDangler

Just buy the BTC on coinbase and buy leaps on MSTR stock whenever BTC is down 30%.

ResponsibilitySea327

Companies love fiat as they can borrow it at a low cost to fund operations and growth. And it is cheap to repay that deb over time. Crypto debt is notorious difficult without extreme risk and in a bull market is nearly impossible to pay off unless you have an asset that can outperform crypto with less risk. Even MSTR debt isn't denominated in BTC. It is denominated in and paid back with dollars. Deflationary assets make poor currencies.

charlotte-plug-goat

Micro strategy is essentially leveraged bitcoin. if you believe fiat is going to depreciate then borrowing fiat to buy bitcoin is a wise strategy and MSTR is doing just that so essentially by buying their stock you’re buying leveraged bitcoin. If you don’t have faith in Michael Saylor and the good he’s done for the bitcoin community and his company and would call it a dodgy company I’d say do what works best for you but so far micro strategy has blown the gains away compared to my bitcoin holdings.

el_rico_pavo_real

Nvidia has partnerships with BitDeer. I was wondering how long until Nvidia adopts and announces the MSTR Bitcoin strategy?

mrjune2040

BTC ETF's weren't with us in 2021, I wouldn't be assuming a x6 premium for MSTR. And although 2-3x BTC price is possible it's probably on the upper range of projections, and you should also assume decent downside risk in that period too. Feels like an unnecessary gamble of a trade tbh.

KnowledgeStill3868

Mstr and Tesla are both dodgy stock. I dont understand why would you buy MSTR instead of buying bitcoin? Same for coinbase. If you want exposition to bitcoin buy bitcoin.

Nemozoli

Maybe my dude was thinking about Microstrategy shares... which is also absurd as Saylor is "dumping" MSTR shares to buy more bitcoin.

Ajax_ZQN

MSTR’s debt is low interest convertible notes so no it doesn’t need to be repaid.

sriver1283

MSTR only has 200k BTC. They will be sucked up fast by market. Mt Gox will release ~140k BTC in the next few weeks. A good part of them will be sold. Maybe drops the price by a few % but not a big thing either.

Major-Front

I got scammed out of MSTR stock. I sold it at $525. I got lucky. Some MSTR holders are still getting scammed. My friend bought some nvidia a few years ago too and got scammed and had to sell.

polloponzi

That is no true. You can become massively rich if you are able to hack it and make its value drop a lot. All you need to do is to open massive short positions (leveraged with OTM options) on financial markets against the ETFs, MSTR, MARA, etc

Classic-Foot-736

This is excellent, all the metrics that I require in one place, well done. One thing - MSTR share price included would be awesome

charlotte-plug-goat

I bought Tesla stock at $400 a share now it’s $184. SCAM!!! Enron. Tulip. No inherit value. This is a joke I don’t own Tesla stock I prefer MSTR but you get the point.

Effective_Motor_4398

Absolutely. All those shorties that are short $MSTR right now have to be tense. Then $GME starts taking an uptick. Here's to a free and fair market.

ResponsibilitySea327

First of all you are missing some key understandings of money. Debt denominated in Bitcoin is a recipe for disaster. See 2021 for factual examples (crypto repayment loans are difficult in both falling and rising markets). Just take a out a Bitcoin denominated mortgage at a nominal interest rate and the explain how you plan to make payments in 10, 15, or 30 years... unless you think BTC will be valued less in 30 years. Whales do not add blocks. They own, buy and sell BTC. They own the asset. They own an outsized percentage that, should world economies be dependent on BTC, where they could control, manipulate and crash the economies of nations. Saylor will sell at some point, or the next MSTR CEO. Or if he passes, his offspring. Or the same could be said of Grayscale, which until this year had BTC ocked in a trust. A BTC that was unsellable. And while the ETFs that Grayscale pushed for ultimately raised the market, it also resulted in a the trust being revoked and the BTC being sold. All of which distorted the market. A market in your view that nations and companies would have to figure how to mitigate the resulting damage. It could be any whale. Your concept of dividing BTC is also nonsensical. The division doesn't change the value. It is only a unit of measurement. A decimal place. Competition is still the biggest risk since it is finite. Anything that countries must rely on that is finite they must compete for. It is the very definition of finite resources. Again, you wouldnt be competing for talent, brain power, technology, or collective work output. But who has the biggest military to monopolize BTC production (which is diminishijg returns anyhow) or steal it from someone who already owns it. (gold historical testament to both). It is absolutely, 100% self-determination for nations to manage their own inflation, economic goals, raise capital for growth, wars, services, and balance trade. You can even see where the Euro has struggled and ultimately disenfranchised nations ability to have their own fiscal policies.

uncapchad

You can add MSTR (Microstrategy) to most ISAs or buy it yourself using an online trading platform. MSTR has significant BTC holdings. Research first so that you understand what that means for you. There's a bit of an explanation here [https://blockworks.co/news/microstrategy-q3-earnings-results](https://blockworks.co/news/microstrategy-q3-earnings-results)

HearMeRoar80

I feel this is actually big. SQ isn't some tiny software company like MSTR. It's a $40B+ company.

Inside_Marsupial4098

MSTR is NOT in the S&P500, yet.

WholeHogRawDog

Saylor’s whim is the corporate mandate. He hold’s greater than 50% of the voting shares in MSTR.

kingryan824

If you wanna take profits, buy some COIN, or MSTR, or the miners. Don’t sell the underlying asset IMO. Stack the underlying and never sell, and trade the BTC derivatives

ResponsibilitySea327

Who will hold nations accountable? Saylor? Grayscale? Marathon? 99.9% of the people who own BTC on reddit (me included) are simply along for the ride. We don't drive or contro anything. Nor do we even have a common voice/vision. Who is going to hold them accountable? If one believes Saylor is JFC, what about his MSTR successor? Or offspring? Most counties that have populations fleeing are subject to war (Russia, Israel/Palestine, African nations). You are right about the US at least at the gubernatorial level. The biggest spenders (mainly California) are the ones losing people. But the US as a whole won't slow down anytime soon. China's population decline is due to decades of the one child policy now coming to roost. Neighboring Japan is dropping due to an aging population and the gravity of Tokyo draining the rest of Japan.

GlisteningMeatpole

I bought the dip yesterday and today I’m buying MSTR.

Creamysense

Why are you picking an arbitrary period? MSTR has outperformed BTC by huge margin in recent years

courtrye

Perhaps. It does reveal the work and partnerships going on. I was impressed, and it makes MSTR seem like a good buy as it has dropped a lot in recent weeks as BTC price has dropped. The news is all fresh as it appears to have been filmed this week or today, the video said Live in the description. MicroStrategy to Host Bitcoin For Corporations Conference – Pioneering Bitcoin Adoption. MicroStrategy, the leading business intelligence and Bitcoin development company, is set to convene its MicroStrategy World conference, taking place April 29 - May 2, 2024 in Las Vegas, NV.

treulseth

I mean, chain reaction: makes sense that MSTR is lower given the leverage effects

Electrical_Shape5101

Fuck ETFs leverage MSTR

polloponzi

Everyone with a margin account buys on margin. If I have $50K of margin available and I buy a position worth 20$ and the broker only asks for $2k of marging I'm not going to really put the other $18k down.. I'm actually happy that I can leverage that. What sucks is that when the broker suddenly asks you back for those $18k of margin. Depending on how much you had allocated to that kind of positions it can cause issues on your account. You usually have at least 1 day to fix it... so the easy fix is to dump what caused the margin increase (Bitcoin ETF) and try to buy it back with derivatives (Miners, MSTR; etc) so your net exposure remains more or less the same but your margin goes back to normal.

GiraffeAs_

Would love to see 52 because 1. I bought MSTR puts 2. Could buy more corn at a good price

Motor-Ocelot-9345

Sorry guys, my fault - I bought some BTC and MSTR yesterday

Dr_SeanyFootball

MSTR will be fine when bitcoin bounces back.

coconutboi

What's a fair multiple on that effect? I'm trying to understand when it's a good time to buy MSTR vs just BTC. The multiples between their % increases in any time frame seems to change dramatically.

heinzmoleman

If you're not leveraged or on a margin call then I'd hold it. If you're a long-term bull on BTC then MSTR will follow. No point in selling when it's being beat down.

Onr3ddit

I’m not going to fucking sell my Bitcoin though I’m probably going to have to sell me MSTR shares. That was a bad call on my end

snek-jazz

> All of the debt that has been issued to MSTR are loans that use their BTC holdings as collateral. This is not true.

skeetskeetamirite

That’s be more accurate if Michael Saylor was the rider, MSTR is scary right now

KiwiJah

Saylor intimately understands exponential growth because he's able to live 20-30 years in the future. Most of us have a hard time imagining what next year looks like. Or even what next month will bring. MSTR didn't just buy the dip. They're buying the dip all day every day. When BTC hits $1 million in 2 or 3 halvings from now, MSTR owns $214 billion of bitcoin. Except they'll keep on buying. So maybe they own 2% of bitcoin by then, and the company owns $500 billion worth... At that point they're effectively the bank of bitcoin. Add their capability in software development, and growing capability in blockchain consultancy and now AI, and it's easy for me to see MSTR with a 1-2 trillion market cap in 10 years time. *caveat I own MSTR shares and have a mad man crush on Saylor.

Equal_Classroom_4707

It's exposures to the speculative asset with low risk. Terms of the loans involve liquidating BTC to pay it back. MSTR is essentially playing with leverage. Meanwhile hedge's are gambling on both fates against the stock. Just the bet that BTC increases in the next 16 months has far greater faith than the opposite possibility, and far greater upwards momentum for the company.

JeromePowellLovesMe

Creditors are first in line. If Bitcoin retests 2022 lows, MSTR has negative equity value and that means shareholders own nothing. It should be trading at a discount to its Bitcoin holdings now due to the debt.

Top_Economist8182

He has more than 17,000 BTC personally, or $1billion. MSTR about 10x as much.

jacd03

Its kind of crazy, he buys BTC with others people money (bonds and shares), while he gets to cash out real money in profit (selling his own shares), but nobody seems to care because MSTR keeps buying and it was "planned". The question is not if or when MSTR buys or sells BTC? because the end game is to keep on buying and buying, they cant stop, until they cant buy anymore and are forced to sell to pay debts, wich seems far away and not very realistic considering most of the debt relevant payments come after 2025 i think (if that ever happens its game over already for BTC). Its a win-win situation for him as an individual, he sells you the dream, meanwhile he is collecting real dollars. If it works? hes a genious, if it doesnt? He already sold enough shares by that time.

grey-doc

I put my 401k/IRA into 50/50 FBTC and MSTR, and alternating paychecks into BTC and MSTY. That counts as doing it right, right?

omegaloki

I like to think all of MSTR’s BTC is on a hot wallet that Saylor keeps the keys to on an iPhone 8 that always has to be plugged in because the battery is shot and the screen is cracked

truckstop_sushi

https://www.sec.gov/edgar/browse/?CIK=0001079782 LOL he literally is selling MSTR stock everyday, soo many sales spread out not to dump the price too hard. Hundreds of millions in selling and zero purchases.

truckstop_sushi

https://www.sec.gov/litigation/admin/34-43724 Saylor already committed securities fraud in the 90's with MSTR and lost investors over 90% of their money and he didn't face any consequences beyond fines from the SEC. The guy knows he can get away with duping investors again, he's already sold billions in stock the last few years and will leave idiot bitcoiners holding his bags when they eventaully default on their debt, flood the market and this leveraged fugazi collapses.

Delicious-Pay-69420

I own Bitcoin, MSTR, Amazon, VTSAX. That’s it.

timbredesign

Yep this. It's basically a prop firm of sorts with a little ponzi twist, built completely within the bounds of the law. That said MSTR has weathered some pretty serious storms. Last bear was clearly a rough ride having to buckle down on their margins. He does seem to have a pretty unshakeable belief in bitcoin to have ridden it this far. But then reality is he's protected whatever happens. Whichever way it goes, it's pretty clear he's a clever cat.

SmoothGoing

Company uses its cash per balance sheet policy. "Saylor still buying" is not an indicator of bitcoin being a good deal at any point. MSTR must buy if they have cash on hand. It would be news if they stopped doing that.

truckstop_sushi

All of the debt that has been issued to MSTR are loans that use their BTC holdings as collateral. That means, when Saylor inevitably cant pay back the loans, the issuers would then recieve the BTC and will flood the market to recoup their principal on the loan.

mrjune2040

I’m not sure about that- it’s more rational to view that as exiting the MSTR position while BTC is high, given that BTC has a direct correlation to the price of BTC (because that’s what MSTR is made up of). So rationally, that’s Saylor hedging against a pullback.

mrjune2040

Ffs, don’t take it personally. I bought my first Bitcoin at $80, who cares? My only point is that Saylor isn’t an indicator of anything. He’s continually leveraging against his MicroStrategy stock to buy more Bitcoin whether the market is up or down. If anything his overall strategy is bearish because he’s arguably already over leveraged should the bottom fall out. His MSTR sells this week were odd give the size so perhaps that is an indicator that he needs liquidity.

LegendsNeverDox

Also note to buy BTC not MSTR for value. MSTR market cap is sitting at 22.8B.

Complex_Daikon5881

It's still diluted among the MSTR shareholders, whether they know it or not. There is only one and only 1%-er (or 5%-er) but legends say he is not from thia planet.

fuuumit3u

I can see a future where Michael Saylor is a legend not because MSTR, but because of the BTC he took with him. I dont meant to support or push this at all. It just came to my mind because its only possible with BTC.

Electrical_Shape5101

ETFs are trash, just buy BTC or buy MSTR You can short, long, leverage MSTR you cant do that with ETFs.

AlternativeSearcher

It may be worth questioning whether or not we're still early at all, at least, as it relates to people buying, spending, and holding BTC. There's a possibility that the asset becomes one which is held primarily by the institutions - and if you want exposure to it, you can buy into an ETF or MSTR, or future equivalents of those. But similar to how people aren't holding bars of gold at home, and how a bar of gold is financially out of reach for the majority of mankind, it is worth considering that the majority of people will never, ever directly hold BTC. Instead, a BTC world will be one where it is used as collateral. It's value will continue to rise, in this regard, but maybe a scenario where people are spending sats may never materialize.

CalottoFantasy5

Will this impact COIN, bitcoin Etfs, and MSTR? Or just mainly hedge funds?

UGHTETHER

does $MSTR satisfy this rule? * Have positive reported earnings in the most recent quarter and on a trailing twelve months (TTM) basis * I'm not sure as a MTM of $BTC would on a TTM basis be negative ? Or at least for portions of thte last 12 months

analogOnly

The Spot BTC ETFs are just asset managers, BlackRock, Fidelity, Ark, etc are not buying BTC for themselves (even though they could) They are buying on behalf of investors and selling on behalf of investors, it's assets under management, not assets owned by the companies. On the flip side, an entity such as MicroStrategy (MSTR) does buy BTC for the entity to own.

ClysmiC

> Yes, in addition to holding bitcoin keys, I've diversified into MSTR in my IRA. Fyi that is not diversifying.

Financial_Chemist286

$MSTR?

oogally

Yes, in addition to holding bitcoin keys, I've diversified into MSTR in my IRA. Honestly, when you have to compare the opportunity cost of most any investment to just holding bitcoin, they fall far short. Maybe in another 10 years equities will become competitive again, but not until the bitcoin price slows down and stocks reprice from ridiculously high P/E multiples.

SpectaularMediocracy

Don’t suppose you’d consider adopting me? That’s one lucky lady. Mine have MSTR in their ISAs and a modest Bitcoin allocation so an exciting future for these kids:)

harvested

Hey buttcoin 🖕 No one is forced to buy bitcoin or MSTR. Volatility is our problem not yours. BTW why isn't this price moving.

BuyOwn2778

Keep 550 in stocks but switch all to MSTR Keep 50k in cash because you need a security blanket The rest in BTC cold wallet Come back and thank me in 10 years

Sideways_X1

I know you said ETF, but if you have more than 20 years before 65, I would go MSTR.

ShoulderSeason

Listen to this podcast episode for a “down the rabbit hole” discussion about the nutty investing thesis on where this is headed for MSTR: https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489?i=1000650550348

eyedude2898

One interesting component of this that I wasn't aware of until yesterday - volatility of the Bitcoin price is actually a net positive for MSTR because it causes there to be a ton of futures trading action on the stock. Traders need volatility (in any direction) to make money, so this is a feature, not a bug, of MSTR. When Saylor explained this I was blown away.

SmoothGoing

Not entirely his company. Shareholder owned company. He also works there and is a large shareholder too. Company buying more and more btc isn't that special. That's just a routine thing it must do now. What is special was the company deciding to use bitcoin as its main store of value asset basically. Mike made his big announcement and starting buying up btc, and then started going around very loudly and publicly pumping it. He was on every youtube, tv, podcast, random interview, you name it. Everywhere. His pumping generated buzz and interest and other corps dipped toes in, running up the price to $60K+ in 2021. Yeah I said, I blame Mike for that one. Stock went wild. Shareholders got rich. Everyone was happy. >like how is he able to issue so much money out at an almost 0% interest rate? He does not issue any money. There is no cheat code. Whoever lends cash to MSTR at low rates is being seemingly irrational. They could just buy tbills and get better returns. MSTR doing its bitcoin thing ethical? Yes, sure. Is it safe? Not really, no. Overleveraged to the extreme.

CUbuffGuy

I’ve been burned on miners and things like MSTR in the past; they just don’t always behave in sync with BTC. It’s nice to trade options that are at least more correlated with BTC as the direct underlying

Usual-Restaurant-675

Saylor issues convertible stock options and corporate bonds in exchange for fiat from investors. He then takes the fiat and buys bitcoin, adding it to the corporate balance sheet. The investors get interest on their loans. However Saylor has stated that the interest is extremely low and unsecured with no call options. This is important, because it allows Microstrategy to pay the bare minimum in bear markets to investors to avoid default and investors cannot demand payment. As an investor it's a win because you get interest on fiat and the option to convert to stocks down the line getting the spot value increase in btc. As a shareholder of MSTR its a win because you get exposure to more bitcoin as the company grows, essentially for free (of course this depends on the premium when you buy in which is hotly debated right now). It's an 'infinite money glitch' because you take fiat and convert it into btc, making the btc more valuable which makes your stock price go up. You then sell some of the stock to buy more btc, attract more fiat and it goes on and on. This will work well when bitcoin is going up. But how will it work when btc goes down? Well that hot premium at least will get fucked and the shareholders will be stuck with btc + debt. The question then is whether MSTR will be able to handle the debt to avoid selling btc in time for another bull market. My plan is to ride MSTR early on the way up and convert into spot btc to rode out the majority of the bull market once we get some explosive moves.

Ok_Adhesiveness_600

late reply back to you. I'm selling calls on MSTR now on margin. Have you noticed that the bids/sellers are all entirely fake, the same institutions. Easy to sell, but hard to buy back at a reasonable price.

ImmortanSteve

Buy BTC and short MSTR for a low risk pair trade.

Eastern_Abalone1406

Does owning BTC, MSTR and a January MSTR call count as 3 baskets?

LordBobTheWhale

Interesting. So I firmly believe BTC will only grow in price on the long term, but does this pose a short term risk for a bear market with MSTR & BTC? That being said, we just got through one and it turned out fine so...

x0r99

True, but not in the way you’re thinking. The primary reason MSTR share issuances are not dilutive is only because the stock is already “overvalued”—reflecting a premium to the their underlying BTC holdings. With MSTR, you pay $1 for $0.50 of Bitcoin. So if they can find new equity holders to issue shares to, they can buy $1.00 of BTC. Now MSTR shareholders might get $0.51 of BTC for every dollar invested, and they celebrate “this is accretive” This math generally has a ceiling of $1 MSTR =$1 BTC TLDR: no infinite money glitch 🤡

monkeydoodle64

What could go wrong? MSTR could end up being the next FTX.

Not_Ricoo_Suavee

Some lunatics might even have two baskets: one for BTC and one for $MSTR (looking myself in the mirror)

mehoratty

Appreciate the response but that’s not me. I’ve held for years no problem. I guess I am just curious, in the retirement, etfs etc how to best position myself for long term. Clearly just holding spot etfs is what it is (and what I am doing) but it’s hard not to look at MSTR and wonder if one should allocate a portion to that as well for long term btc exposure.

idnafix

Issuing shares to purchase BTC does make sense for stock owners as long as the stock price is higher than the owned value of BTC/stock. This way, the more 'over valued' MSTR is, the better the business model does work.

so-many-roads

Excellent interview. Great to see Saylor go deep, as opposed to the 3 minute chats on CNBC. It answered my questions on the convertible debt strategy, driving equity dilution. His theory is that because BTC returns are greater than the cost of capital, equity issuance is accretive. One question you didn't ask - is the current equity premium of Microstrategy above BTC warranted? Also very interesting to see how MSTR's strategy has evolved over the past four years. Thank you for sharing this conversation. Also gracious of Saylor to take to the time to talk during his travels.

viewmodeonly

8k into Bitcoin. 2k into MSTR.

viewmodeonly

$MSTR

DogoByte

You just missed a minor detail. The ETF are buying $ [millions ](https://farside.co.uk/?p=997)worth of btc every day. The new supply (inflation) just got halved. More ETF parties are coming on the market, and this effect will be continuous for years and year to come. The capital just from them will keep flowing in. Aside from other parties like businesses getting inspired by MSTR's succes story and are investing in bitcoin. Talks about countries and banks buying and possibly even competing for bitcoin... So my opinion is the total opposite of yours. A dip was expected around halving time, I am not saying this will absolutely not happen (nobody knows of course, things like israel-iran happen) but I am saying bitcoin will explode soon as it seems there is far more demand than supply. It seems so obvious to me that it is going to explode that it feels unreal. It feels like a once in a lifetime opportunity. But if it does happen to crash... Bring it on, as I am always looking to increase my stack. You know the saying... 1 btc = 1 btc. Realistically with all the capital flowing in, the whales will have an ever smaller share of the market (25% controlled by 10 whales seems totally rediculous to me). But even if they manage to crash the price 20% that is fine with me, it means they sold a fuck load and others will buy those coins cheap and the whales won't be buying all of them back, diminishing their position and influence even further.

Fun-Air-4314

37, own home outright, 30% China stocks, 30% S&P500, 35% MSTR, 5% BTC. I'll slowly shift from MSTR to BTC, but may take some time due to banks constantly questioning why I'm sending money to an exchange.

jimmajamma2

Also, it might be that the recent decoupling coincided with what was suggested was a 90 day moratorium on Registered Investment Advisors being able to buy the ETFs. [https://www.nasdaq.com/articles/bitcoin-etf-first-month-is-in-the-books:-how-it-went-and-what-comes-next](https://www.nasdaq.com/articles/bitcoin-etf-first-month-is-in-the-books:-how-it-went-and-what-comes-next) "This period of observance would normally mean 90 trading days to pass from the launch of a novel product like a bitcoin ETF, as well as various volume threshold and AUM criteria, amounting to about six months of lag time." So around mid April what might explain the exaggerated downtrend for MSTR is people moving money from MSTR to the ETFs based on the advice of RIAs. Just a theory. Also, a hedgefund noticed the extra premium at the end of March and publicly announced they were shorting MSTR. That could be a factor too. [https://www.coindesk.com/markets/2024/03/28/microstrategy-trades-at-an-unjustifiable-premium-to-bitcoin-kerrisdale-capital/](https://www.coindesk.com/markets/2024/03/28/microstrategy-trades-at-an-unjustifiable-premium-to-bitcoin-kerrisdale-capital/) Good luck!

analogOnly

Both. I have a managed IRA and a brokerage IRA (which I plan to convert to ROTH) In my Brokerage IRA I have FBTC. In my managed IRA I have MSTR. This was done this way because the institution the manages my IRAs is not allowed to manage a Spot Bitcoin ETF, so I opened the brokerage one. Anyway I'm about 2/3rd in FBTC and 1/3 in MSTR.

Churn

Agree with people saying BTC, except Microstrategy (MSTR) instead. You put it all into BTC and the amount of BTC is fixed. Invest it in MSTR and they keep increasing the amount of BTC per share.

Hfksnfgitndskfjridnf

Double spend is not the profit vector silly. It’s crashing the Bitcoin price that’s the profit vector. Buy some MSTR puts, short Bitcoin futures, whatever, and then denial service attack the chain and crash the price making huge profits. That’s what ultimately will happen, eventually it will be more profitable for miners to attack the network and crash the price than to continue protecting it.

analogOnly

No there's a liquidity issue. I have to find a buyer who is willing to take MSTR stock in exchange for something. That may be harder to find than a bitcoin buyer.

supraoptimal

Ask him what he thinks about what Michael Saylor is doing with MSTR.

skeetskeetamirite

About to be a 12-18mi bull run for MSTR/Microstrategy. DCAing and making Calls on Mstr and just further stacking sats from proceed :)

Remyleboo99

I’m thinking MSTR are doing something!

Remyleboo99

Support above 63. Ended green on the day and It didn’t dump with the stock market. Even MSTR dumped.

Wolverine1850

Possible MSTR inclusion into S&P 500. Another big step to institutional legitimacy that will increase the likelihood of other companies trying to follow Saylor's strategy

Rude_Man_Who_Shushes

I hope life goes so well for me that I’ll never have to sell my bitcoin. Held for nearly 10 years. I will sell the shit out of my bitcoin related stocks and ETFs when the time comes and retire with generational wealth secured. Transferred half of my 401k in 2021 to GBTC and now sitting comfortably in IBIT, MSTR and various miners.

smilingbuddhauk

More companies doing what MSTR is doing. More, bigger, and more well known nation states putting it in their treasuries (because, let's be honest, nobody cares about El Salvador).

viewmodeonly

Satoshis and MSTR

RizzoStaxx

I have been solely investing in bitcoin the past year since I fell down rabbit hole. I have always kept my Big tech and SandP500 for safety. When I heard about ETFs I bought some FBTC and MSTR on margin. But I still save every paycheck in actual bitcoin. Hopefully throughout the next year or two I can DCA out of my big tech and ETFs to pay off the loan and be solely BTC sometime in 2026