short gold, long #bitcoin. 😈

people who treat their dogs like humans are retards.

delusional woke cat lady

bro it’s not a #comet

never too young to pass up on 10.75%

yieldmax #msty is designed to lose money.

hopium 🚨 #btc #bitcoin

merry christmas you filthy animals

Strive is striving for relevance in the BTCTC space #ASST

Metaplanet price action looks promising over the past month with an mNAV of 1.25. #MTPLF #MPJPY #3350

#wfh is over bro

this dude is saving us?

why central banks can’t be trusted #bitcoin

Summary #MSTR MicroStrategy (Strategy) positions itself as a Bitcoin-first treasury and financial innovator using its software cash flows and capital-markets engineering to maximize long-term Bitcoin per share, while now offering dollar-yield products like STRC/“Stretch” that target mass-market savers with a ~10.75% tax-deferred yield and minimal price volatility. ​ Bitcoin thesis and market backdrop: Phong Le reiterates that Bitcoin’s fundamentals and policy tailwinds (US government, banks, and TradFi infrastructure moving to support custody, lending, and products) are stronger than ever despite short-term bearish sentiment and price chop. ​ Strategy’s mindset is to hold Bitcoin “for eternity,” focus on mathematically driven treasury structures (MNAV, derivatives, preferreds), and treat volatility as noise relative to long-duration adoption through 2026 and beyond. ​ Bank relationships and product stack vision: Large US and global banks have moved from one powerless “head of digital assets” to full-room, senior-level engagement and are actively building native Bitcoin services to keep assets on-platform. Le expects major banks to roll out a full Bitcoin stack within 2–3 years: custody/checking‑like access, lending against BTC, yield instruments, Bitcoin‑backed securities (MSTR-style), digital credit, and ultimately “digital money” instruments yielding roughly 8–10% and backed by BTC. ​ Stretch (STRC) and preferreds architecture: Stretch (ticker STRC on Nasdaq) is described as a structurally price-stable preferred equity targeting near-zero volatility and paying ~10.75% cash yield monthly into brokerage accounts, designed to function economically like a superior money-market alternative for short-term cash. Strategy now has four core preferred structures (Strike, Strife, Stride, Stretch), uses them to raise capital at scale (~$7B in 2025), and views Stretch and Strife as the primary templates to replicate across international markets (Europe, Canada, Japan, Middle East) under local regulation. ​ Tax, USD reserve, and balance-sheet strategy: Because the operating company has negative taxable earnings and profits (driven largely by stock-based comp and software accounting), preferred “dividends” are treated as return of capital, lowering cost basis and deferring tax until sale of the security. ​ Strategy created a roughly $1.4B USD reserve to pre-fund years of preferred dividends, improve credit quality, support rating upgrades toward investment grade, and strengthen market confidence that it can cover payouts without forced BTC sales, even in extended drawdowns. ​ Willingness to sell BTC and adaptation: Le states two simultaneous truths: fiduciary duty to all shareholders means Strategy would sell Bitcoin rather than default on obligations, but the current structure (USD reserve + BTC + derivatives + equity) is designed so they do not expect to ever have to sell Bitcoin. He frames Strategy as an adaptive, innovative Bitcoin treasury plus software operator, arguing that rigidity would be a weakness and that evolving policies around dividends, reserves, and instruments are evidence of strong, flexible leadership. ​ MSCI, indices, and “digital asset treasuries”: The MSCI move to potentially exclude “digital asset treasury companies” from indices is portrayed as sentimentally damaging but fundamentally modest versus Strategy’s size and daily liquidity, with estimated MSCI-related ownership closer to $1.5–2B vs a $60B market cap and ~$5B in daily trading. ​ Le criticizes MSCI’s stance as an opaque, antagonistic precedent that singles out digital assets while other asset-heavy sectors (energy, REITs, gold, telecom/AI infra) remain index-eligible, and argues that index providers should not pick winners so early in an emerging asset class. ​ Operating software business and global expansion: MicroStrategy’s legacy business intelligence arm remains a ~$470M revenue, ~3% growth, 4,000-customer, 27-country software franchise serving large enterprises (e.g., Hilton, Freddie Mac), which provides cash flow, people, and infrastructure to support the Bitcoin treasury side. ​ Strategy plans to leverage its legal/finance scale and product IP (especially Strife/Stretch) to tap non‑USD capital pools (euro, yen, CAD, AUD, Middle East) and break through more complex non‑US regulatory regimes, which Le contrasts with the relative clarity and innovation capacity of US capital markets. ​ Competitive landscape of Bitcoin treasuries: Le views Strategy as the incumbent US digital asset treasury operator and assesses new treasury companies similarly to VC: capitalization, business plan, jurisdictional edge, and management quality, noting that many non‑US treasuries’ main edge is simply their local listing and regulatory footprint. ​ He stresses that labels like MNAV and BTC-per-share matter, but investors must still underwrite the underlying operating business, leadership, and jurisdictional advantages, as entering a space with a dominant incumbent (like AI, EVs, streaming) does not automatically create enterprise value. ​ Political/regulatory framing and Bitcoin as “for everyone”: Le emphasizes Bitcoin as nonpartisan “farm-to-table money,” aligning with American values of freedom and equal opportunity for savers regardless of income or party, with the core norm that “good” returns must exceed inflation, not sit at 0% in checking or low-yield savings. He argues that as the current pro‑Bitcoin administration normalizes access and education, support for Bitcoin should become durable across political regimes, making attacks on basic BTC access inconsistent with both Democratic and Republican principles of individual rights and upward mobility. ​ Personal story and cultural/monetary critique: Le’s refugee story—family wealth wiped out by South Vietnam’s currency nationalization, gold bans, and forced conversion, followed by escape by boat and resettlement in the US—serves as his proof-point that Bitcoin’s censorship resistance and self‑custody would have prevented total confiscation. ​ He connects his family’s later experience with 30% remittance haircuts and his own STEM→finance career arc to a broader thesis: today’s fiat inflation and money-printing erode hope, weaken work incentives, and fuel anti-capitalist resentment, whereas sound money like Bitcoin can restore long-term saving, effort, and a renewed “American dream” that is actually universal.

oh wow the mission is personal 🧡