Seth
Seth|Sep 29, 2026 19:09
MSTR is not a software company. It's a bitcoin bank. 846,000 BTC on the balance sheet. That's about 4% of all bitcoin that will ever exist. More than BlackRock's IBIT. The largest institutional holder on the planet. And it's still buying. The part most people miss is STRC. Saylor took bitcoin volatility and turned it into a yield product for fixed income investors. It's now the largest preferred stock in the world by market cap. $20B raised this year alone. The bond market is worth over $100 trillion. Strategy is building the bridge that lets that money reach bitcoin without holding it directly. Right now Strategy trades around 1x its bitcoin value. No big premium. You're basically buying bitcoin at spot with a leverage machine attached for free. The 2030 math is simple. Every $100K move in bitcoin = roughly $85 billion added to Strategy's reserve. If you think bitcoin goes higher by 2030, this is the most direct way to get amplified exposure in a normal brokerage account. The risks are real. $1.7B a year in dividends and interest to pay. They've already sold some bitcoin this year to cover it. Constant dilution. And if bitcoin goes nowhere, the whole model gets tested. But this is the bet: Bitcoin becomes digital capital. Strategy becomes the bank built on top of it. Watch @saylor go for it.
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