MSTR Today: Michael Saylor Reveals Bitcoin's Price Discovery Pattern

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1:25It's a gift from above. It truly is. It's a gift to the patients. It's a gift to the convicted in Michael sailor. Man, he is right in that rocket. And Michael sailor posted yesterday, there isn't enough Bitcoin for everyone. There's just not enough Bitcoin for everyone, especially when what is stretch doing? Well, stretch is doing this. It bought around 700 Bitcoin yesterday. Of course, this is just an estimate based off of strc.lives site, which is really fascinating to watch. You can actually click replay here and they just do a great job kind of showing you all the stretch purchases that are being ATMs as the day goes on. And you can actually be tuning in and watching this live. It's very fascinating. And again, they have a pretty good estimate of how much they were within six percent last week. They refine a couple things. I'm actually going to guess that they're going to be within four percent this week. So these numbers are pretty close. So around 700,000 Bitcoin were purchased just

2:28yesterday based off of stretch ATM. Things are happening. The flywheel is happening. And then you have this amazing post from Saturn from Saturn underscore credit about stretch from price discovery to scale discovery. It's a long article. It talks about scale discovery, price stabilization was happening over the past 30 days. As you can see, you know, there was some volatility here. But it's really the 30 day average prices really flatten out for the first time. And that's looking just fantastic. You can see what's happening here as these charts are kind of showing how long stretches at 100. And to me, these short lines right here, these were like the few days to a week at most before the snapshot happens in weeks past. Now you're going to start to see that this line extend out further and further because stretches are going to likely be trading at a hundred percent for 10 days, 10 trading days. So two weeks prior to the snapshot date. So this

3:33this chart is going to keep looking better and better. They go down through par analysis, which is cool importance. How they return to par analysis takes less than less time. The stretch weekly issuance, you know, again, these are before snapshot dates. And again, these charts are going to start looking better as well. The nominal amount and millions. This number is going to keep going up into the right, obviously. And as they kind of scroll down here to the bottom, stretch found product market fits in traditional markets. Saturn extends it to the rest of the world, unlocking 11% plus Bitcoin back to yield for global investors. Because one of the main points that Saturn makes in this is that stretches is actually only available to a certain percentage of people that have access to the NASDAQ essentially to be able to buy on traditional markets. So it's a huge market for sale, which is why he's only focused on that. We're talking between 150 to 300 trillion dollars, like more money than can just know what to do with.

4:33So he's just focused on taking as big of a piece of a pie of that as possible. And then people like Saturn are coming in and they're tackling the rest of the world. So it's great to see how these products are being built on top of stretch. It's just bullish for everything, for Bitcoin, for MSTR, for stretch, for humanity. Rajas says MSTR bought almost a thousand Bitcoin yesterday and has already bought about 620 today. And again, they ended at about 700 Bitcoin by the day's end. The current price is not sustainable based on these numbers. They will be buying at least 200,000 Bitcoin a year of the foreseeable future. That's 105 years of supply. But MSTR isn't the only one buying BlackRock will probably accumulate more than MSTR because it's clients who are exposure down to 50 years of supply. Plebs are likely buying 10 to 100 coins a day down to 45 years of supply. And that's if everyone who is Bitcoin today sells what they have. What happens if stretch is so successful that volume, which is a billion dollars a day, MSTR will be buying at least 5,000 Bitcoin per day. That's an insane number, by the way, 5,000

5:34Bitcoin per day. That means there's even fewer days of supply than expected. There isn't enough Bitcoin. Bitcoin under 100K is temporary. Take advantage while you can. And then Rohan shares this graph that Saturn took and posted about the longer stretch trades near par. The more people trust it and the more trust means easier for the mechanism to maintain the peg. The positive feedback loop is working. So you can see touched it here back in October, stayed there for a little while in November, touched it for a little while in December and January. I mean, this is a good stretch. Obviously that was stretches best week. And now we've already surpassed that. And it's just going to keep on going to the right. So exciting, exciting times. Joe says it's incredible that six years ago, strategy created the simplest and most powerful business model of this decade and almost no one copied it scale by Bitcoin and issue long duration USD liabilities with no margin call. Last year, the upgrade of the model further even further with a public digital credit. And still only one company strive has built something similar. And again, I invest in strive as

6:37part of the treasury titans. Somehow, the most simple, powerful business model, amplified Bitcoin with no margin call is an extremely uncrowded trade. Chris says, here we go. Search queries for stretch. If it had all time high on Google, are you starting to understand what's happening? I love it. Michael Taylor posts Bitcoin back credit capital inequity on a risk off day. You know, he posted the day before when everything was green. But now he wants to show us what happens to things are red. Well, I bet goes down MSR goes down more. It's called volatility. But what happens to stretch on a negative day? Flat as a flip and pancake stays above 100 stays above all day long. And we have a great clip from Michael Taylor that you are not going to want to miss. I hope that you are really strapped in for what this proof of concept has is meaning for stretch, for strategy for MSTR shareholders for Bitcoin in general. We are making it. We are getting there.

7:43Now, if only the banks would stop being unbelievably pathetic and blocking this clarity bill, things would really start lining up here. But of course, even after all things line up, there's always the next obstacle in the next challenge. It will never end. But we all know where this ship is going. It's going higher over time. So sit back, relax. And after our sponsor, enjoy Michael Sailor's wise words. If you're building in the Bitcoin era, structure matters, treasury strategy, capital allocation, and any structure. It all starts with a solid foundation. And when you're ready to form your business the right way, Northwest registered agent helps you do more than just file paperwork. With Northwest, you don't just create an LLC. You build a complete business identity from day one. That means registered agent service, a real business address, operating agreements, domain, website, professional email, phone number, and built in privacy. No juggling vendors, no sketchy upsells, no selling your data. They've been doing this for nearly 30 years,

8:45and they're the largest registered agent and LLC service in the US with over 1,500 corporate guides, real humans who know your local laws and actually pick up the phone. Northwest handles everything in house, which means fewer hands on your data and privacy by defaults for every customer. Don't pay hundreds or thousands of dollars for what you can get from Northwest for free. Visit northwestregardagents.com slash JLD free and start using free resources to build something amazing. Get more with Northwest registered agents at northwestregisteredagents.com slash JLD free. So with that, the digital credit ecosystem, it is emerging, right? Layer one, we can't take credit for. That's Bitcoin. Layer two, we're in the business of creating that credit instrument, right? What are we going to do at our company? Well, we're just going to build the AUM as stretch as high as we can, build the liquidity as high as we can, laser-like focus until people have a billion dollars a day liquidity, two billion dollars a day

9:48liquidity, five billion dollars a day liquidity, strip the ball as low as we can, but we're never going to be able to offer pure digital money or digital yield in every possible flavor or package on every platform, nor do we want to. So the layer three is that digital money, digital yield layer, and we're already seeing an exploding ecosystem of partners, buck, Saturn, apex, hope. It's very exciting. If you've got a Bitcoin treasury company, you've got 500 million dollars, and you know, you're trying to figure what do you do next? Create an ETF, you know, upgrade and wrap stretch with it, and then get the license to be the first company in your market to be able to offer this digital monetary or digital digital yield instrument, right? So it's a license to print money. How do you make money? Well, you know, offer five, six percent digital money in Japan to everybody and take a hundred basis points off it, and that leaves me with, you know, the result of all this.

10:51If you go about the process of creating digital credit, then you create value for the digital equity. So MSTR is digital equity. You can see for the past five and a half years what's going on, right? Bitcoin is outperforming the S&P in gold. MSTR is amplified Bitcoin. If you can sign up for the wall, you can actually get the reward. Now, amplification creates volatility. How much? This is the top 10 company, the most volatile companies in the S&P 500. I'm showing the top 10 to you. Right? We're number three, right? There are two companies in the S&P that are more volatile, but here's a more important chart. What you're seeing there is the absolute open interest where we don't have the highest open interest, but we're one of the top 15. But what we are is the number one open interest market cap adjusted. So in terms of the relationship of open interest to the

11:53underlying market cap, we are the most intensely interesting company in the S&P universe. And if you look at the bottom chart, that's showing trading volume liquidity. And what you can see is we're the most liquid equity in the entire S&P universe. Okay, so did we actually spend money to get that? No, we didn't spend a dime. We'd spent no money to become the most liquid, most interesting company in the entire S&P 500 universe. That is the result of creating digital credit on digital capital. Right? And what is the use of the capital? The use of the capital is to create the credit. What's the credit? Do the credit creates amplification? The amplification creates Bitcoin per share. The Bitcoin per share creates the equity premium. It is the function of the company. And if you turn up that amplification, you can double the Bitcoin per share over seven

12:57years. You might triple it over seven years. So if you're the equity investor, you're buying a company that generates Bitcoin per share. If you're the credit investor, you're you're buying a credit instrument to pay US dollar yield. But it's just a very simple swap of Bitcoin yield for US dollar yield. You can't have the one without the other. But as you can see here, this is a very powerful model. And the way it works out is once you crank up the amplification, you can expect to outperform the Bitcoin by anywhere from 30% to 100% or more. And have a heck of a good time while you're doing it. It's definitely very interesting. For those of you interested in the relationship of amplification to growth rate, here it is. It's not very complicated. And on the subject of digital, it's all recorded. You can download that and you

14:01could you can screenshot that and study it. CJ will probably do one hour podcast on that formula. What's the second best? There is no second best. Rinse knows that greatness takes time. But so does laundry. So rinse will take your laundry and hand-deliver it to your door, expertly cleaned. And you can take the time pursuing your passions. Time one spent sorting and waiting, folding and queuing, now spent challenging and innovating and pushing your way to greatness. So pick up the Irish flute or those calligraphy pens or that daunting beef Wellington recipe card and leave the laundry to us. Rinse, it's time to be great.