Strategy Buys 13,000 Bitcoin — This Feels Different

Strategy just bought over 13,000 Bitcoin, adding to one of the most aggressive Bitcoin accumulation strategies ever seen. Is this move genius or disaster?

In this episode, we break down Strategy’s latest Bitcoin purchase, funded through STRC issuance and over $1 billion in common stock ATM, and why the stock continues to trade near 1x mNAV despite massive dilution.

We discuss:

- Why Strategy is buying ~10,000 Bitcoin per week

- How STRC trading at $100 changes the game

- Whether Bitcoin staying flat near $90k is a warning sign

- The Jan 15 ex-dividend date and what it means for STRC holders

- mNAV, ATM pressure, and the future of Bitcoin treasury companies

If Bitcoin goes up, this trade could be remembered as one of Michael Saylor’s greatest moves. If it goes down, critics may call it reckless. Either way, something has clearly changed.

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

Mentions:

- Jeff Walton: https://x.com/PunterJeff

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- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.Thank you for listening!

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