MicroStrategy

$MSTREquityTreasury Vehicles

$115.35-1.43%24h

Key stats

Market Cap

$40.8B—

FDV

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24h Volume

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7d Change

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30d Change

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From ATH

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Pitch sentiment

Too few pitches in this window for sentiment signal.

Takes

2 analysts covering · top: @ADtheinternn, @0xTindorr

AD@ADtheinternn·29d

How Far Can Saylor Stretch (STRC) It?

AD lays out how MicroStrategy has stretched its Bitcoin-buying capacity through a three-tier funding approach. The company holds 818,334 BTC (~4% of supply) funded primarily through equity dilution ($61.8B raised since 2020) and preferred stock STRC, which now accelerates issuance when MSTR common is dilutive below 1.24x mNAV. The preferred's 11.5% yield compensates holders for subordination in the capital stack—they absorb impairment risk below $45K Bitcoin while convertibles at 0.4% cost avoid it—but the real test arrives in 2028 when $7.4B in convertible puts mature against a $2.25B reserve, forcing either conversion above par or STRC issuance growth to cover the gap.

$BTC $MSTR $STRC Treasury Vehicles Research

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Tindorr@0xTindorr·59d

STRC: The Biggest Catalyst We Have for DeFi Revival

DeFi yields are in survival mode — Aave stables 2%, Ethena/Sky under 4%, Pendle PTs can't clear 6%. STRC (Strategy's perpetual preferred, 11.5% monthly dividend, backed by 767K+ BTC) breaks the ceiling. Three protocols bring it onchain: Apyx Finance ($121M supply; apxUSD/apyUSD), Saturn Credit ($44.6M TVL in under a month; USDat/sUSDat), Buck ($2.2M). Flywheel: deposits → protocols buy STRC → Strategy issues shares → buys BTC → attention flows back to DeFi. This is the catalyst that brings liquidity back onchain.

$BTC $MSTR $STRC Treasury Vehicles Pitch

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