2027: 42 + 42 billion

Fixed income

$21B ATM program

.

Accretive, value accretive

Disciplined leverage

$84B

BTC GAIN

$5.8B BTC dollar gain

.

BTC YIELD 25% increase

$10B–>$15b

Scale of our strategy

.

Never stop purchasing (Bitcoin)!

Big idea,,, because in the past, having more physical stuff meant more physical stress. Now,,, because cyber capital weighs nothing,,, more is always better!

More bitcoin is always more better!

.

Tremendous unlock!

Most liquid. High performing

Permanent capital

No collateral

BMAX

.

High performance MSTR bitcoin leverage

.

Michael got a haircut!

13,000 institutions holding MSTR

vanguard, black rock, fidelity

NPS Korea

814,000 retail accounts
Norway sovereign wealth fund

Norges bank

55 million beneficiaries

.

More mega ambitious!!!

1000 + 1000

Without share holder dilution

BTC ARR

BTC RISK

.

Hurdle rates. Break even rates

Just barbell it!

Skeptic

Trader 10%

Investor : 20%

Maximalist: 30%

Double maxi : 40%

Triple maxi: 50%!

.

29% ARR on average for 21 years

Next 5-10 years … 40% gain

50% ARR possible! ***

.

MSTR RATE

Volatility HIGHER than SP, BTC

.

just sell that volatility!

MSTR RATE **-> simple annualized rate, sell call options, 103% simple annual yield

.

Nasdaq 100: QQQ

.

Magnetic

Tax free, offshore vol trader,,, zero income tax environment, Dubai… can get into 200% or more annual yield! –> globally interesting to traders

Credibility

Volatile yet DURABLE business!

.

Why strip away the volatility?

Volatility engine .,, furnace, reactor, power plant !

Bitcoin crypto power plant , nuclear power plant last long time!

.

50% spread, accretive

BTC GAIN

$100M, 526 bitcoin gain , $50M bitcoin

.

STRF: leverage getting greater!

STRF: $100M Not diluting common stock

$100M, 1,053 Bitcoin

.19% yield

Think 10 years

30% ARR forecast,

Year 10–> create lots of income !

10 years

BTC $ income

Create new metrics

How much value is created?

$689M gain from $100 M investment

50% ARR

BTC TORQUE

.

6.9x return on capital

Torque is LEVERAGE

how to outperform?

501kg, 502kg, 503kg?

.

BTC Multiple : total BTC net asset value

$100M equity –> $50M is gain

.

13x in 10 years!

.

Degree of impact

.

Drive up the price of MSTR

outperform BTC

INCREASE THE MNAV

.

Raising Capital at high spread at FASTEST POSSIBLE RATE

BTC Torque or 8.9x

How to increase the torque?

PLAID TORQUE!

Weight lifting TORQUE

.

STRK: 10.4x BTC Torque

How to increase your BTC torque?

4.1x BTC multiple, mnav

.

Why women cannot make earth shattering investors or maximalists

.

STRF: 12.8x BTC Torque.. 13.8x BTC Multiple

STRIFE IS GREAT!

No strife no life? ***

.

1.3B gain from

1x mNAV, no torque!

How to generate torque?

.

Get the engine going, STRF, 56.7x triple maxi!

.

3x mnav

Increase the mnav good idea!

38.4x, MSTR equity ATM

Convertible notes. 43.9x

Women are not greedy, man is.

.

Strife doesn’t really care

Strike. Strife as children

Hurdle rate

.

The most interesting thing in the financial universe?

.

5x mnav

De-risk company with MORE mnav! ***

.

De- risk!

New lenses, for investing!

It’s all an investment decision?

Laser eyes!

.

Compliance

Not allowed to buy BTC

CANNOT buy ETF

UK: can buy MSTR not BTC

Compliance —> ! Can

.

Credit advantage

Margin loans on BTC.?

Margin loan on MSTR —> margin credit ***

Margin? Trading on margin?

No cash down, $100M Of MSTR, borrow against it, margin it…

.

Borrow money on left,,, Fannie Mae

Cash on right side,,, offer less 20 years to get the cash!

.

Finance a Bitcoin

BTC Not being financed ?

.

Higher MSTR rate, deeper richer option market

Why 60%, 100%!

.

Volatility —> option markets —> attracts capital

MSTY, iMST—> sell the volatility , annual yields —> monetize

3.1B$ in MSTY, $40M for iMST

Attracting capital flows!

MSTU..

Monetize volatility

Emerging ecosystem

Most DURABLE, most CREDIBLE!volatile liquid

Delta hedged

Sell the covered calls?

New class of arbitragers

If you’re unique, you got a differentiator!

BTC commodity

BMAX—> ETF, access MSTR converts

Bitcoin backed BONDS

.

80% exposure to MSTR convertible bonds

.

Uniqueness,

$100,000

Passive Capital flows

.

Look FAR AWAY ,,, far away from the screen!

MSTR BRAND recognition & scale

Obligated to buy securities

History of commodities not good, gold not good.

Slow dead asset

.

My prime broker

Easily marginable

Dominos pizza —> send pizza

.

Attention span

Impedance.

Strongest capital market , safest USA

BMAX

.

PERPETUAL DIVIDEND, 10% dividend forever!

.

Timing ***

.

Extremely accretive!

.

$2M in Bitcoin

$700k + 700k ($1.4M)

,

BTC yield into PERPETUITY

$3.4M—>

.

Keep levering up?

10x over collateralized?

.

Reasonably doing this FOREVER

USD YIELD $

.

Always swap BTC yield, for USD yield, capture the spread!

.

Long term BTC YIELD

Drive up the stock price to the max

20 year Amazon

Full potential

Seek the mnav UP!

Attract capital from different places?

.

Winning is driving up the price of MSTR!

.

What’s the best environment for investors?

0% ,,, BTC RISK

Credit HURDLE rate

.

If I had myopia forever no glasses… how would I have pleasure in life?

BTC is collateral! ***

Investment grade

Video

500 kg incoming!

456 kilograms is approximately 1,005.31 pounds.

First, if during the day you’re tired, just take a nap! Put all your devices away, in this separate room, force yourself to lie down close your eyes, and rest and sleep. Even if you cannot fall asleep, force yourself to just lie down for an hour and a half or so.

If anything, a good strategy is turned on an alarm on your phone, for an hour and a half, 90 minutes… And you’re not allowed to get up on your bed until the 90 minutes is done.

Get a deep tissue massage

I have this interesting idea that actually, getting a deep tissue massage is like hormesis; a small dose of a stressor makes you stronger.

I think also the secret is the massage must be strong enough that it actually does cause some low degree pain, try to push yourself to the 99% pain threshold limit, and the best way to ride through the pain is deep breathing.

What’s interesting with that insanely strong deep tissue massage, is that you may feel the pain, but, it is a beneficial pain, not like a somebody chopping off your arm thing. As a consequence, I think of a deep tissue massage like a hard bodily physiology reset; all the money in the world is worth this.

Also, plan the night prior; load up on beef ribs, bone marrow, demigod food. Aim for 2 to 3 kg of meat, and try to sleep insanely effing early –> like for example, start your “linner,” (lunch dinner) at like 230 or 3 PM, and try to fall asleep by like 530 or 6 PM.

Spend infinite money to perfect your sleeping set up?

This could be your bedding sheets, pillow, eye mask, your plugs etc. I personally have used the purple “hearos” brand, easily you could buy it on Amazon for like at least five or seven years, and for an eye mask, or a face mask for sleeping, I’ve actually found that the best solution is like a 100% fine Marino wool T-shirt that you could just drip over your eyes. I use my old outer.NYC merino wool T-shirts which are all ripped for this purpose.

The day

Ideally, the best strategies to be outside all day, if it’s too hot, where are the proper clothes, or if it’s too cold, also spend infinite amount of money for the proper amount of clothes.

I think one of the big problems is that I did while living in LA is forcing myself to always kind of be a little bit underdressed. But perhaps a more intelligent strategy is to be overdressed. 

For example, always pack extra clothes, you never know. And also, if you go to some sort of event, I think it is more impressive to be overdressed than underdressed,?

Over is better than under.

To keep things consistent, certainly better to be the overman than the Underman

.

American pride

The first cardinal rule of bitcoin:

Insanely huge news ,,, Coinbase allows you to collateralized and effectively “rent out” your Bitcoin ,,, up to $1M!!! Simple strategy:

Mortgage your Bitcoin with Coinbase, get the cash, transfer it to your traditional investment account, buy MSTR (and or MSTU) stock,,, ride the gains up forever!

BITCOIN by KIM

1. NEVER SELL YOUR BITCOIN.
2. Certainty vs Uncertainty
3. Bitcoin-Backed Loans
4. Microstrategy > Bitcoin?
5. Bitcoin is Antifragile
6. Bitcoin is the Backbone
7. Count in Bitcoin, not USD$
8. Think in BTC
9. The Best Time to Buy Bitcoin is on the Weekends?
10. How to Get Free Bitcoins
11. Why Bitcoin is All-American
12. The Will to Bitcoin
13. 10x
14. Introduction to Bitcoin
15. Bitcoin Meditations
16. Options
17. Bitcoin for Investors
18. Paradise Bitcoin
19. The Philosophy of Volatility
20. Bitcoin is Free Speech
21. Digital Capital
22. BRAVE NEW WORLD OF DIGITAL CAPITAL
23. Bitcoin Economics
24. Bitcoin Philosophy

Bitcoin is Internet capital

If all the big tech company started the year 2025… Certainly they would have started off with bitcoin

Perhaps also the reason why their monetization strategies have been so advertisement dependent is because of the time bitcoin was not a viable currency online ?

Even myself… Accepting PayPal in the early days, simply because it was the only viable option? But now we have bitcoin