MSTR Today: Saylor's Contrarian Play: Why He's Buying Bitcoin Now

0:00America leads the world in medicine development. It matters. We get new medicines first, nearly three years faster. Five million Americans go to work because we make medicines here at home, and not relying on other countries keeps us safe. But China is racing to overtake us. Will we let them? Or will we choose to stay ahead? When America leads, America cures. Let's tell Washington to keep us in the lead. Learn how at americancures.com. Pay for by Farma. This episode is brought to you by Indeed. Stop waiting around for the perfect candidate. Instead, use Indeed sponsor jobs to find the right people with the right skills fast. It's a simple way to make sure your listing is the first candidate see. According to Indeed data, sponsor jobs have four times more applicants than non-sponsored jobs. So go build your dream team today. With Indeed, get a $75 sponsor job credit at Indeed.com slash podcast, terms and conditions apply. It's March 3rd, J-O-D here. And welcome to MSTR

1:02today in the treasury titans. Nothing in this video is financial advice. But microcellular wants us to know that orange is the new black and that is black with a capital Bitcoin B. So let's go microcellular keep wearing that orange. And speaking of strategy, amazing individuals, five zero zero zero five billion dollars in Bitcoin reserves, symmetry is rare. Conviction is rare. I love it. He's just going ahead and saying we have nothing but conviction in Bitcoin. We are going all the way with this stretch is dominating the airways. It had an absolutely amazing day yesterday. It'll be interesting to see what stretch does today with a little dip in Bitcoin price. But only time will tell. And I just want to be very clear to everybody listening. I am very long, long period. Zinc says, it's only a matter of time before meta planets Mars product joins strategy stretch and funneling hundreds of millions of dollars a week into the Bitcoin network. Both will give Bitcoin a perpetual bid pushing up much

2:05higher. I think about this a lot. Meta planet will roar again. And it was up at 9% yesterday. Very strong. Bitcoin teacher says, let me get the straight. The dialogue for months was once Bitcoin goes under 70 K sailor and MSR go bankrupt and start selling Bitcoin so far he's bought more than ever raised dividends twice stretches back at 100 and ATM is turned on. But tell me again Twitter guru how he's going to sell his Bitcoin soon. Just the clueless fud out there. Mark says stretch end of the day with 142 million of volume nearly all of it above part, which is huge. It was the highest volume day since February 12th around the last ex-dividend date. Now this is huge because 142 million massive number. We typically don't see these numbers until one or two days before the snapshots for people getting the actual dividends. So the fact that we're getting this 10 days. This is 10 trading days before the snapshot is absolutely

3:11insane and bullish and such an amazing way. Zing says just another 3000 Bitcoin no problem and now stretches back apart and will likely stay there for the next two weeks. We are witnessing history. I think so too Zing's Mike Elfer says ISMPMI at 52.4 we are in expansion mode get long stay long. This economic boom is broadening and Mark says MSR has increases Bitcoin holdings by 7.2% so far the pace of purchases is accelerating compared with the previous two quarters. You can see it's just going up faster and faster and with stretch humming it's going to keep on rolling and just picture what happens when Bitcoin sentiments and price shifts. Stretch will do 500 million says Dan of volume per day in a bull market and buy unlimited Bitcoin. So stretch will buy 500 million of volume per day in a bull market and buy unlimited Bitcoin. This is Dan Hilary who's great video clip I share with you yesterday. I will say unlimited Bitcoin is going to be determined on how big of a capital

4:15base that strategy can create which is why it's continuing to ATM MSTR because it needs a massive capital base to keep buying Bitcoin at at crazy levels with stretch Rob says strap in ladies and gentlemen all time high by March 31st we're about to witness what Bitcoin does when stretch places a constant daily bid under it the reflexivity is commencing and everyone is peak bear peak fear peak short Iran were started not the end of the world new Fed share will start to be priced in deflation rate cuts coming March will be one for the record books if I'm right I'm going to invite you all to Toronto for a stake dinner all of you all 8175 followers bookmark this give me a follow and join in our celebration and I wrote I wrote strapped for cash LOL 100% invested for this bull let's go walker says and so it begins got Bitcoin and you can just see this incredibly ugly red paints and bloop there's the green is this the turnaround only time we'll tell Adam says stretch will be

5:17printing Bitcoin all week the implication of Bitcoin is leading to a 22% premium on EVM net basis these two forces will MSTR to raise another few hundred million this week there will be a bigger Bitcoin by next week one million Bitcoin by end of year totally in play and grain of salt says interesting dollar levels on MSTR 50 day and 200 week moving average are the same at 148 once we cross 148 to try and be confirmed MSTR I bet flips bullish in January so let's all get going towards 148 Matt says and this is Matt how can a bit wise feels like sentiment has shifted on crypto short and sweet uh satok six says the clarity act passing in March will unlock three trillion in sideline institutional capital money waiting for legal clarity once approved banks asset managers and corporates can deploy at scale stable coins become the rails crypto prices will go parabolic bullish bullish bullish mark says weeks with stretch ATM activity are becoming

6:25increasingly infrequent as you can see stretch is beginning to poke its green head up much more often and James as I thought these were safe havens with goal going down a percent in one day and silver going down six percent doesn't sound like a non volatile assets here uh Jeff said strategy tracking day four ninety five MSTR is now ranked 236th of the US company by market cap the 18th largest publicly publicly traded company by volume a disconnect of 218 companies between market cap rank and liquidity rank probably nothing so again MSTR jumped 12 spots yesterday when it went up 6.2 percent but what's crazy is that it was the 18th highest volume so it's number 236 market cap but it's number 18 by volume so there's a disconnect there that will be closed hit absolutely will be closed and we have a great clip coming at you from michael sailor when we get back from thanking our sponsors if you're building in the bitcoin era structure matters treasury

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8:31agent at northwest registered agent dot com slash jld free if you're a capital investor you got no dividends and you lost 45% of your wealth just wait for 10 years you'll be fine i'm okay with it but your three year olds not okay with it on the other hand look at strc right strc is for everybody else it's it's actually lost 0% of its value it's paid 4.5% in dividends through a very bad big capital market drawdown since the beginning of the year same story strc holds its value and pays a dividend bitcoins down 25% the people want this stuff well it's trading 130 x more liquid than the average preferred stock and 1000 times more liquid than the over the counter prefers this is in fact the most successful

9:36most liquid preferred stock probably in the entire century okay and this is six months old right i would love to tell you we know what we were doing but what i what i just showed you was we were running from risk from credit risk until we got the prefs and then we were chasing after the ideal product until we got the stretch and so at the end of our journey after trying 10 different things we found the 11th thing and then the market told us they like this we didn't know we liked that they'd like this stretches seasoning the health keeps improving here what you can see is that each month that goes by it spends more and more time in its target range the volatility strips off it holds its principal value much higher and so what are we competing against here your competing against a multi-trillion dollar universe of credit instruments most of them yield three four percent most of them have long duration the world of credit hasn't changed much in 50 years you're trapped in the 20th century most credit instruments are created by issuers whose

10:42objective is to pay you the least amount they can with the worst tax treatment right when a conventional credit issuers whose credit they're keeping the tax benefit to themselves they're minimizing what they pay you and the irony is when it's over the counter it's illegal for you to buy it huh say that again most credit it's manufactured to be awful very taxed and efficient and it's illegal for you to buy it why does that even happen that's just the way the world was 30 40 50 years ago what we've done is flipped its on his head and our view is well we actually want to pay you the highest possible dividend make it tax deferred and make it easy for you to buy it right that is the credit revolution so why do you have to wait 10 years to find out if you could pay back I mean strip the duration down to a much shorter amount increase the dividend and then make it easy for the individual so what what's the tax equivalent yield on this if you're a company well let's just

11:50start with the the number it's 11.3 percent if you're a company that's the same as getting paid 14.3 percent because you don't have to pay corporate income tax on this if you're an individual in Miami and you are able to defer the 37 percent federal income tax rate it's like a tax equivalent yield of almost 18 percent how's it compared to everything else well you can see it's it's anywhere from 50 percent to four times better than all the other credit in the world right and the next best thing is like private credit which is sort of illiquid and its half is good for a taxpayer and it's a 60 percent is good for a non taxpayer just on the basis of yield what if you're lucky enough to be an individual living in New York City okay digital credit is like a bank that pays you 23.3 percent if you live in San Francisco it's like a bank account that pays you 22.6 percent okay so as you can see this is you know four or five times better

12:57okay what else did we discover well when you create an instrument like this it's return a capital it means that you collect a dividend you you defer the tax on the dividend you reduce your basis in the instrument and after 10 years you've reduced your basis from a hundred dollars down to zero if then you die and pass this on to your heir they get a step up in the basis and it steps up to a hundred dollars and they can start the same depreciation again so you actually get the benefit of shielding your 10 years of dividends and then your heir gets to shield another 10 years of dividends now now I'm not suggesting that you run this on 10 year cycles but what I am suggesting more to the point is the difference between investing a hundred dollars in a T bill and holding a 20 years versus investing a hundred dollars in stretch and giving it to your heir and I'm holding a 20 years is at the end of the 20 years your heir has

14:00nine hundred twenty two dollars of stretch and their income each year is a hundred bucks versus three dollars and seventy five cents what's the second best there is no second best