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🧠MSTR True North episode 49: This week the crew highlights their experience at Bitcoin Mena, status of sovereign adoption, balance sheet leverage, mNAV, digital credit, AI capital shifts, and why patient capital wins when price disconnects from value in Bitcoin and equity markets.🎛️ As of this recording, 12/17/25, Strategy's (MSTR) performance:
⏱️ TIMESTAMPS & INSIGHTS: 00:00:00 - Intro: NFA, agenda and True North overview00:04:45 - Bitcoin MENA Conference: Middle East adoption and capital interest00:15:20 - Abu Dhabi Capital Flexibility: Hard money enables rapid coordination00:18:25 - Bitcoin Treasury Leverage: Net capital and drawdown resilience00:21:19 - Institutional Bitcoin Strategy: Banks, regulation, capital optionality and MSTR dominance00:35:04 - Waiting Out Mispricing: Patience before repricing00:43:39 - AI Capital Structure Shift: Hardware focus requires a strong balance sheet00:47:31 - Bitcoin-Backed Banking Model: Digital credit system design00:53:27 - Bitcoin-Backed Yield Products: Savings disruption via credit00:55:50 - Sovereign Capital Allocation: Attracting trillions with yield01:01:55 - Bessent quote: Reflecting on the past to change the companies of the future01:07:19 - Bitcoin Volatility Harvesting: Trading, structures, market evolution01:12:00 - MSTR Valuation Debate: Holdings, mNAV, scale advantage01:17:55 - Liquidity and Options Market: Structural buyer dynamics01:22:56 - Equity Valuation Frameworks: Trasparency dilemma and the mNAV versus market multiples01:33:19 - Social Media Risk Signals: Noise, sentiment, investor behavior01:44:27 - Balance Sheet Quality Test: Intangibles versus hard assets01:53:54 - Bitcoin as Superior Collateral: Liquid assets beat goodwill01:55:44 - Closing thoughts: like and subscribeBe part of the True North In-Side Event experience.Tickets available here:👉 https://luma.com/tnb4c26Strategy World sign-up:https://www.strategysoftware.com/worl…Use discount code TrueNorth for 20% off your registration—just a little bonus for our True North community.MSTR TRUE NORTH LINKS:MSTR Links:Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions.
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By True North Podcast🧠MSTR True North episode 49: This week the crew highlights their experience at Bitcoin Mena, status of sovereign adoption, balance sheet leverage, mNAV, digital credit, AI capital shifts, and why patient capital wins when price disconnects from value in Bitcoin and equity markets.🎛️ As of this recording, 12/17/25, Strategy's (MSTR) performance:
⏱️ TIMESTAMPS & INSIGHTS: 00:00:00 - Intro: NFA, agenda and True North overview00:04:45 - Bitcoin MENA Conference: Middle East adoption and capital interest00:15:20 - Abu Dhabi Capital Flexibility: Hard money enables rapid coordination00:18:25 - Bitcoin Treasury Leverage: Net capital and drawdown resilience00:21:19 - Institutional Bitcoin Strategy: Banks, regulation, capital optionality and MSTR dominance00:35:04 - Waiting Out Mispricing: Patience before repricing00:43:39 - AI Capital Structure Shift: Hardware focus requires a strong balance sheet00:47:31 - Bitcoin-Backed Banking Model: Digital credit system design00:53:27 - Bitcoin-Backed Yield Products: Savings disruption via credit00:55:50 - Sovereign Capital Allocation: Attracting trillions with yield01:01:55 - Bessent quote: Reflecting on the past to change the companies of the future01:07:19 - Bitcoin Volatility Harvesting: Trading, structures, market evolution01:12:00 - MSTR Valuation Debate: Holdings, mNAV, scale advantage01:17:55 - Liquidity and Options Market: Structural buyer dynamics01:22:56 - Equity Valuation Frameworks: Trasparency dilemma and the mNAV versus market multiples01:33:19 - Social Media Risk Signals: Noise, sentiment, investor behavior01:44:27 - Balance Sheet Quality Test: Intangibles versus hard assets01:53:54 - Bitcoin as Superior Collateral: Liquid assets beat goodwill01:55:44 - Closing thoughts: like and subscribeBe part of the True North In-Side Event experience.Tickets available here:👉 https://luma.com/tnb4c26Strategy World sign-up:https://www.strategysoftware.com/worl…Use discount code TrueNorth for 20% off your registration—just a little bonus for our True North community.MSTR TRUE NORTH LINKS:MSTR Links:Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions.