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I'm really not a fan of MSTR getting these kinds of passive flows.
Within bitcoin we rightly view yield with a mixture of suspicion and contempt, often saying things like "you are the yield".
MSTR stock has a perpetual gravity that pushes the stock price back to the value of their bitcoin treasury. The way Saylor generates his "BTC yield" is from indiscriminate buyers who pile in at multiples to MSTR's underlying bitcoin holdings. They are the ones being harvested.
Having retail investors passively and indiscriminately buying this thing every month makes them easy to harvest. Being charitable, MSTR is a strategic trading vehicle and shouldn't be treated as something you just allocate to the same way you DCA bitcoin.
MSTR and Saylor are primed to set the Bitcoin world on fire. He has around 40 billion available to him. 21bil STRK issuance, 4 bil ? MSTR issuance and 16 bil? in converts.
He made a strange little buy last week. Why? To say he bought. He will make a strange little buy this week. Why? To say#8 in the SP500 just behind the Magnificant 7. All this money and attention will push them even higher. Their premium over MNAV will be over 10x higher than it is now and only fuel Saylor's money raising fever and ablity because he will them be printing $20 USD plus of BTC for every $1 MNAV BTC that
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So much risk
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