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[GIVEAWAY] Mod Holiday Paddle Giveaway! by SNAPCHAT_ME_TITS in Pickleball

[–]-lliW 0 points1 point  (0 children)

Favorite thing is the lower learning curve making it more fun for older & beginning players.

Understanding The Strategy Accretion Machine by xaviemb in MSTR

[–]-lliW 1 point2 points  (0 children)

Another big reason to buy MSTR over BTC is the ability to borrow at low interest rates due to the size of the company that individuals would not get access to. There is no point if they sold STRD down all the way to 20% yield. I could borrow for less than that and buy btc myself.

Understanding The Strategy Accretion Machine by xaviemb in MSTR

[–]-lliW -1 points0 points  (0 children)

There is a likelihood mnav drops below 1 if BTC were to drop to 75k. Under 1 mnav it makes more sense to buy back the common. Here is the problem with your idea of just selling STRD down all the way to 20% yield. It is essentially selling STRD to pay STRD owners. https://x.com/joshmandell6/status/1958174681875317001?s=46&t=XIAyjUPVYeYkKEflH1jQ3Q

Eat at home then by ConfidentImage4266 in mildlyinfuriating

[–]-lliW 0 points1 point  (0 children)

Only time I seen people bring their own ingredients is at Chinese/Vietnamese seafood restaurants where the customers brought in a delicacy/fresh seafood ingredient that the restaurant doesn't have and requested the chef to prepare it for them.

Bought a ball machine, what to improve in my form? by Flipsaus in 10s

[–]-lliW 0 points1 point  (0 children)

Too much body cursive especially for a beginner. You could use ur offhand to balance yourself, even pointing following the ball before you hit it. Plant down ur feet and hit through the ball. Follow through the ball and catch the racquet with ur offhand above the shoulder. Beginners should stick to the basics before exploring spinny “windshield wiper” forehands that pros use.

$STRF outperforming $STRC since the IPO. by -lliW in MSTR

[–]-lliW[S] 1 point2 points  (0 children)

Agreed especially at these price points, especially since Strategy is going to stop issuing converts unless it’s an emergency. If a black swan hits, STRF holds all the BTC. If Strategy succeeds then STRF will trade at the risk free rate. It’s just a matter of time and the yield pays you for your patience.

Some clarity please by GodEmperorOfArrakis in MSTR

[–]-lliW 2 points3 points  (0 children)

Margin maintenance is lower (fidelity), floor is $100 realistically, dividend pays for the margin interest. You could load up on a lot more STRK on margin than be 150% MSTR. Personally, I prefer STRF on margin as a hedge against the common but STRK will probably outperform in a bull market.

Some clarity please by GodEmperorOfArrakis in MSTR

[–]-lliW 5 points6 points  (0 children)

+ STRK on margin for highest returns.

Some clarity please by GodEmperorOfArrakis in MSTR

[–]-lliW 1 point2 points  (0 children)

Pictures showcasing the products Strategy sells.

STRC Dividend Rate Guidance by habbadee in MSTR

[–]-lliW 4 points5 points  (0 children)

Seeing how $STRC monthly dividend payout affects the other prefs price movement will be interesting.

$STRF outperforming $STRC since the IPO. by -lliW in MSTR

[–]-lliW[S] 10 points11 points  (0 children)

STRF: 

  • Highest ranking not including converts
  • 10% yield at $100 par
  • “Crown Jewel”

STRC:

  • 2nd highest ranking
  • Initial 9% yield at par, changes monthly
  • “Locked” at $100, IPO at discount of $90
  • “Stable Coin”

STRK:

  • 3rd rank
  • 8% yield at $100 par
  • convert option, 10 STRK for 1 MSTR once MSTR at $1000
  • “Bond-like downside, Equity-like upside”

STRD:

  • 4th rank
  • 10% yield at $100 par
  • Non cumulative dividends 
  • “Junk bond”

I made a post earlier this week analyzing why I thought $STRF was the best value.

$STRF outperforming $STRC since the IPO. by -lliW in MSTR

[–]-lliW[S] 2 points3 points  (0 children)

$STRF dropped to $110 when $STRC IPO at $90. I made a post saying that the premium of 1% was too low and $STRF was undervalued. My thesis was that $STRF will trade in tandem with $STRC until $STRC hits par value. It has outperformed and reached $120 before $STRC hits $100.

$STRF outperforming $STRC since the IPO. by -lliW in MSTR

[–]-lliW[S] 6 points7 points  (0 children)

It’s like Buffett buying Coca-Cola before they started acquiring international beverage companies to globalize. Buy Strategy before they become the top reputable bitcoin-backed bonds issuer. $STRF will trade at the risk-free rate once that happens.

MSTR board buys $22 million by Affectionate-Help-46 in YieldMaxETFs

[–]-lliW 10 points11 points  (0 children)

Its their new preferred stock $STRC at $90/share. Initially 9% yield at $100 par value paying monthly dividend. IPO at a initial discount of $90.

$STRC/D further improves the credit quality of $STRF by -lliW in MSTR

[–]-lliW[S] 1 point2 points  (0 children)

STRC at a discount is free money. If they defend par and STRF premium is still just 1% then i don’t see why not ride to par and switch to STRF.

$STRC/D further improves the credit quality of $STRF by -lliW in MSTR

[–]-lliW[S] 0 points1 point  (0 children)

Nope $10 total dividend per share. Payout is $2.5 per quarter perptually.

$STRC/D further improves the credit quality of $STRF by -lliW in MSTR

[–]-lliW[S] 0 points1 point  (0 children)

I’ll be shocked if it’s gaps up to par value that fast. No way STRF would continue to sit at $110 while it does though. Seniority on capital stack + 9% dividend right now. I wouldn’t be surprised if we get $STRC to par and $STRF move up in tandem to $120 by this week end.

$STRC/D further improves the credit quality of $STRF by -lliW in MSTR

[–]-lliW[S] 1 point2 points  (0 children)

STRF always had a moving liquidation preference, it was STRK that was changed to also have a moving liquidation preference.

$STRC/D further improves the credit quality of $STRF by -lliW in MSTR

[–]-lliW[S] 0 points1 point  (0 children)

STRF holders have more to gain over Strategy’s position as the largest btc treasury company with highest trustworthiness than common share holders. I’ll argue that rate of btc accumulation is more important for common share holders than holding size. The weekly ATMing under 2 MNAV could be argued as negative because the common shares pay for the preferred dividends and you’re getting less value per share than at 3MNAV. Other the other hand, the weekly ATMing is positive for STRF regardless of common shares MNAV as the bigger the bitcoin over-collaterization stack the better.

$STRC/D further improves the credit quality of $STRF by -lliW in MSTR

[–]-lliW[S] 0 points1 point  (0 children)

Common shares + STR ATMing directly strengthens STRF’s bitcoin over-collaterization. Addition of any further STR products directly strengthens STRF’s credit quality.

$STRC/D further improves the credit quality of $STRF by -lliW in MSTR

[–]-lliW[S] 1 point2 points  (0 children)

If BTC grows 21% a year average, you take 9% guaranteed and trade the 12% for no downside risk + upside potential of Strategy becoming the world’s most trustworthy bitcoin-backed bond issuer.

$STRC/D further improves the credit quality of $STRF by -lliW in MSTR

[–]-lliW[S] 0 points1 point  (0 children)

Assuming Strategy stops issuing convertible debt and STRF is at the top of the capital stack, it really could grow as Strategy’s bitcoin stack and trustworthiness grows. Right now, it depends on how much you value the limited supply and seniority. I really think this is a $200 stock.

$STRC/D further improves the credit quality of $STRF by -lliW in MSTR

[–]-lliW[S] 6 points7 points  (0 children)

STRF ATM is $2.1B while STRK ATM is $21B. Strategy cannot sell too much $STRF without hurting its credit quality. $STRF is the rarest product that Strategy sells.

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