u/Curious-Rip-5834

Almost afraid to pose this question as it gives me terrible flashbacks to StrongBlock, Wonderland and whole bunch of other DeFi platform disasters a few year back now.

I was GPU mining at the peak hysteria of Ethereum when fees were absolutely bonkers. To send $10K spot whatever, if it was on Ethereum chain you’d need to pay hundreds of dollars in gas fees.

But where I’m going with this is, on DeFi you could set up the most insane staking loops with your crypto/tokens. Each time your effective equity diminishes but in aggregate you could get 8-1 effective leverage.

Just curious if anyone is doing this on any platforms that have STRC wrappers ? I’m reading chatter of 4-1 effective leverage on STRC or annualized yields in 45% range.

Issued preferred stocks currently represents well over $1T in the global marketplace. They are nothing new and have been around for two centuries.

JPMorgan, Public Storage, Morgan Stanley and countless other publicly traded companies have brilliantly utilized these hybrid securities to grow incredible equity value for common stock holders.

There is still a ton of capital on the outside in this fixed income space that is untapped and can’t buy an IBIT etc.

Enter STRC. I noticed in that last distribution period, STRC traded par or better for 14 days before the ex date.

Billions of $$$ were raised and spot BTC was purchased without having to tap common for the cash source.

What really jumps out at me is in particular that one 15M share volume day. A large entity was buying in significant size.

I noticed also some mutual funds have now been accumulating STRC such as iShares preferred and income securities and the VanEck preferred ETF. These funds could never have BTC exposure in form of IBIT, GBTC etc.

Institutional ownership has now creeped up over 16% of STRC. There is still a ton of upside here in this ownership bucket. Clearly these fund managers are now catching on to this opportunity.

Saylor is as well by moving STRC distributions to twice monthly. This will rapidly speed up the time table and bring in much more money, faster and more efficiently.

Saylor needs to move STRC to different exchange and go to weekly distribution model. STRC would essentially be pinned at par and this would enable him to buy BTC at will, never needing any other cash source.

The accretive effect this would have on the spot BTC ratio to common MSTR would be absolutely bananas.

The fact that Saylor is acting so quickly on this to pivot to twice monthly and realizing the opportunity is really outstanding.

For the last three ex div lead in windows the volume and buying has gotten more intense. Let’s see what happens in May. Cheers.