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My take is that is Strategy is going to be the Bitcoin treasury company, they should be spending their USD on Bitcoin, not paying it to investors in the form of a dividend. This is obviously a last ditch effort to open his stock to a different investment market to try and gain a better than 1 mNAV. It is a sign of how bad things are right now for MSTR.
Yeah. MSTR must feel so bad owning more than 640k BTC and hardly having any debt. They are really fucked. Just think if the BTC price went down, they would still own the BTC but the BTC would be worth less than they are now.
If the price dropped down to $45k, then it would be like only owning 320k bitcoin with hardly any debt.. They are really screwed.
I made my first monthly DCA buy now that I have a program in place and the price has retreated a bit from the all time high. I look forward to making this a monthly thing over this next cycle to make sure I capture the lows as we roll into a bear market. Somebody has to buy now that MSTR is talking usd dividends…
Today, I purchased 0.01442786 BTC for $1,246.38 at a price of $86,387.03 per BTC.
I thought that you were waiting for the $50ks? You changed your plan?
I made my first monthly DCA buy now that I have a program in place and the price has retreated a bit from the all time high. I look forward to making this a monthly thing over this next cycle to make sure I capture the lows as we roll into a bear market. Somebody has to buy now that MSTR is talking usd dividends…
Today, I purchased 0.01442786 BTC for $1,246.38 at a price of $86,387.03 per BTC.
Yeah, this should be a thing to keep spirits high during the bear market (if we are indeed in one now).
Let’s post our buys in the bear market like Saylor does.
I will start to do it but not until we are below $65,000.
Doesn't seem too likely, but not worth another bet.. You'll have to pay me your 100k sats from whatever reservoir that you already have, and plus you will feel bad that you did not start replacing them at or below $90k, which was already a gift... even though you did not recognize such gift.
Guys (gamblers) make all kinds of errors in bitcoin, and you will at least be partially forgiven for your mistake when BTC returns to ATH prices.. and yeah, apparently you did not need as many bitcoin as you had in order to still enjoy a decently good life.... since it seems that you were already overinvested anyhow.
Preferreds are always a complex half debt half equity security. But dividends can be halted without defaulting and often they can force convert to equity without defaulting. Unless very mispriced just buy real debt or real equity. Or you know avoid a company like this as you can just buy and hold btc yourself.
I am not going to presume that bitcoin is the ONLY way to hold value, and sometimes even inferior instruments can have useful roles when we are allocating them in reasonable ways.
Let's say that a guy is wanting to live off of various passive income sources and to achieve at least an $80k per year income and with a 7% increase in his income each year into perpetuity.
Even though he might have some other income sources besides his bitcoin, let's try to focus on bitcoin, since this is a bitcoin thread.
From my own point of view, right now a guy with $80k per year aspirations, could completely live off of his bitcoin with a stash size of 14.3349 BTC.. .so let's say that the guy has the 14.3349 BTC, but he also has an additional 14.3349 BTC.. so he largely has twice as much BTC.
He could experiment with the extra BTC, and yeah, he does not even need double his stash to experiment, since one portion of his BTC stash pretty much provides his total required income (or his target level).
Since he has a decent amount of surplus, he could play around with portions of his surpluses, and he could even have 5-14 different stashes of bitcoin that are doing different things and each sub-stash might consist of 0.5 BTC to 3 BTC, and then he just plugs those substashes into various MSTR financial products and sees how those financial products perform for him and maybe even producing other cashflows that he feels that he might not be able to get with other financial instruments that he could invest into... One of the advantages of reaching past our goals is that we have options... and even if we might find some of those tools to be more risky or more costly than others, we might still want to have products in our holdings that pay out in differing kinds of ways.
Diversifying your investments is fine. Buying strategy is hardly that as the majority of their value is the bitcoin portfolio (something you already hold directly do yourself and can continue to albeit perhaps not with their potential leverage, but is leverage really what you're after?) now with their alternative activities constituting a small portion. If you want to redeploy actually redeploy into a more uncorrelated income stream.
You are likely correct that some of them are just more levered, and I don't give any shits about those - even though surely some guys were drawn to desires to get more levered in their bitcoin position.
The fact of the matter is that I am not really interested in any of the MSTR products at the moment, yet if there are guaranteed payments, then those could be ways to attempt to get some kinds of an assured income stream from bitcoin and have differing accounting and/or tax treatments as compared with our selling our BTC and or maybe borrowing against our bitcoin.. or maybe lending out our bitcoin.
I recall my participation in the MSTR thread, and some members pumping up those MSTR products as if they were superior to holding bitcoin, and even some members rolling their eyes at me when I was saying that I was participating in talking about the products, yet i was not buying any of those products... and part of my own rationale has been my presumptions that holding actual BTC is better - even though surely there were periods of time that guys could have had gotten multiples if not magnitudes of returns over bitcoin by entering and exiting various MSTR products - and from my own perspective, bitcoin has been bery bery good to me.. and so I see no reason for myself to try to get returns that are better than returns that I have historically gotten or returns that are continuing to be likely to be coming to me (and anyone else who is in bitcoin or gets into bitcoin) merely by holding bitcoin and especially holding bitcoin in self-custodial kinds of ways.
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