BitStrategy ✓

[text] The Metaplanet drama is a sobering reminder to Strategy investors that being on Team Bitcoin does not result in equality of outcome for the owners of the respective equities. Incentives between shareholders and management rarely align perfectly. Management teams should be

[image] So cool how it looks like Saylor was talking to Kratter... ...but he was also subtly talking to the entire Treasury Company community at the same time. 'BTC Yield is a narrow KPI.' - Nuke 1. 'It is not a measure of financial performance or valuation.' - Nuke 2. The BTC

[text] We bought 100 MSTR shares this week. New Totals MSTR: 4,140 (+100) STRK: 430 Thank you for your support. BitStrategy Team

[image] The winners and losers will be determined by how much Total Bitcoin each public company has.

[text] We have now been unfollowed by Saylor. It is a sad day for me, but not unexpected, given our recent activist campaign. We appreciate the period we have been followed and wish Saylor and Strategy all the best.

[text] We bought 32 MSTR shares and 55 STRK shares this week. New Totals MSTR 4,040 STRK: 370 We’ll provide updates at the end of each week, going forward. Thank you for your support. BitStrategy Team

[image] Chase Palmieri interview with Lawrence Lepard just dropped. Do not miss this. 🎧

[text] We bought 25 MSTR shares this week. New Totals MSTR: 4,165 STRK: 480 Thank you for your support. BitStrategy Team

[text] Since starting this account, I’ve often discussed “controversial” topics. Back in 2024, the debate was about BTC versus MSTR. Spot versus ETFs. Whether a premium to NAV was ever justified. That sort of thing. Last year it was Metaplanet versus SWC versus XXI versus MSTR.

[image] Ryan gets our vote.

[image] Some things are above Saylor’s pay grade.

[text] We bought 7 MSTR shares and 20 STRK shares this week. New Totals MSTR: 4,200 (+7) STRK: 500 (+20) Thank you for your support. BitStrategy Team

[image] Strategy initially planned to buy back more STRC at deeper discounts and LESS as STRC nears $100. In practice, the STRC buy backs have INCREASED as STRC nears $100. Despite the ramp up in buy backs STRC remains trading below par. Why the change in plan? Our take: The

[image] Strategy has spent $950.8m attempting to return STRC to par. Almost exactly the same as SATA’s $1.04B notional outstanding. Coincidence?

[image] The first million is the hardest.

[text] We bought 42 MSTR shares this week. New Totals MSTR: 4,242 (+42) STRK: 500 Thank you for your support. BitStrategy Team

[text] We are supportive of the STRC buy backs as a means to return STRC to par. We also support the consolidation of the business model around STRC. We remain 100% invested in Strategy securities.

[text] We bought 28 MSTR shares this week. New Totals MSTR: 4,193 (+28) STRK: 480 Thank you for your support. BitStrategy Team

[text] Now I feel I understand the political dynamics at play, I am comfortable with the Strategy decisions to 1) support other Bitcoin Treasury Companies and Digital Credit Issuers And 2) pay down the convertible debt by $1.4 billion Based on my new understanding, I believe

[image] Fascinating to see what Saylor does next. How long will Strategy maintain the buybacks if they continue to fail to restore STRC to par? 1 more week? 1 month? At the current rate, without new STRC issuance, there would be $0 STRC outstanding in less than… two years. The

[text] We bought 60 STRK shares this week. New Totals MSTR: 4,040 STRK: 430 (+60) Thank you for your support. BitStrategy Team

[text] We bought 50 STRK shares this week. New Totals MSTR: 4,140 STRK: 480 (+50) Thank you for your support. BitStrategy Team

[image] Competitive Advantages. $MSTR

[text] In the recent earnings call, Saylor explained that Strategy's other preferred equity securities 'fragmented liquidity'. The supply and demand is split across multiple markets - STRK, STRF and STRD - instead of just one - STRC. This suggests that Strategy views its preferred

[image] The USD will not be close to its grave when Bitcoin hits $200,000.

[image] No one is buying it. $STRC

[text] Encourage Competition. $MSTR

[text] We will never, ever give up. $MSTR

[text] Simon and Dylan from Metaplanet were last year’s generational talent. This year, remarkably, the market has discovered new generational talent, over at Strive. What will next year bring?

[image] We’re almost there. 98.98 overnight

[text] LFG! $MSTR

[image] We are all on Team Strategy. $MSTR

[text] Bitcoin is the Strategy. B I T Strategy. BitStrategy.

[text] ASST investor Breadman highlights his strategy of holding the stock when mNAV is high and only selling when mNAV is low.

[image] Strategy and Strive management claim STRC and SATA are not in competition with each other The market does not agree. If you fill up your shelf with Pepsi, don’t be surprised when you can’t sell as many Cokes.

[text] Early last year, we predicted 1 million Bitcoin for Strategy by 2027. At the time, this was considered absurd. There was no credible pathway for Strategy to acquire that much Bitcoin. STRC was just a twinkle in Saylor's AI. Today, that 1 million Bitcoin target isn't crazy at

[text] Some analysts claim Bitcoin and MSTR price are the primary drivers of STRC price. If that thesis is correct, last week’s price action deserves an explanation. Last week: $IBIT +4.40% $MSTR +17.56% $STRC -0.07% That is a striking divergence. More importantly, analysis needs

[text] Bitcoin Asset Research explains the true cost of the STRC buy backs relative to an increase in dividend rate. Why won’t Strategy just raise the dividend rate to 13% instead? Deciding to not compete with your competitor is extremely expensive and has astronomically raised the

[image] We are at the middle of the Digital Credit ecosystem. And we're quite important in that there are companies who've built on top of us. There are people who have put their careers, and their livelihoods, and their family, you know, on top of us. Not just owning our equity,

[text] We have allocated $9,500 USD to our MSTR Options Trading Pilot. We will report on any income generated from our Options Trading activities in addition to our regular share purchase updates. Thank you for your support.

[image] No one saw this coming.

[text] Strategy cannot censor their way to par. $STRC

[image] Net Bitcoin.

[image] Bullish.

[text] Cold Card is proof that calling people retarded for not agreeing with your Bitcoin investment philosophy is a terrible marketing approach. Attacks against a person's character or their intelligence, rather than addressing the substance of their argument, is evidence that you

[image] Back Down Under.

[text] SATA volume was over $50 million yesterday. More than one third of STRC volume. STRC is still trading below par.

[text] I have seen some people note that critics of Strategy are sometimes those who are most financially exposed. Well, of course. That should be obvious. I do not have any salary, and our company is 100% allocated to MSTR. Our plan is concentration, not diversification. Our plan