🧭 MSTR True North episode 28: In this episode the crew breaks down MSTR’s capital stack, Saylor's latest fixed income product creations, leverage analysis, and how digital yield products could reshape traditional finance.🎛️ As of this recording, 6/4/25, Strategy's (MSTR) performance:* Open: $385.80* Close: $378.10* Volume: 8,472,192 shares* mNAV: 1.90* Market Cap: $105.62B* U.S. Market Cap Ranking: 94* BTC: 580,955⏱️ TIMESTAMPS & INSIGHTS:Timestamps:* 00:00:00 - Agenda: cue the music and NFA* 00:03:25 - $MSTR leverage: BTC holdings, debt ratios, and over-collateralization* 00:07:07 - Capital strategy: Strike/Strife ATMs, growth potential, and leverage expansion* 00:09:30 - The capital stack: Structure, liquidation preference, and investment-grade terms* 00:15:15 - Risk tiers: Pyramid mechanics and creditworthiness of BTC-backed instruments* 00:16:50: Why $STRD vs $STRF: Spread breakdown, market yields and pricing* 00:23:12 - High yield appetite: STRD as a Bitcoin-native junk bond* 00:28:50 - Institutional angles: How insurance, banks, and pensions fit $STRD in portfolios & market comps* 00:37:00 - $STRF moat: Scale, BTC trust, and sustainable yield thesis* 00:42:55 - Digital capital shift: Rethinking credit spreads, collateral risk & the power of liquidity* 00:46:50 - Bear defense: Using Stride to defend NAV and disincentivize short pressure* 00:52:48 - Bull thesis: Rising prices, credit rating catalysts and qualified dividends* 00:58:50 - Portfolio fit: STRF/STRD as yield anchors in digital-first portfolios* 01:01:31 - Collateral moat: STRF as benchmark BTC treasury product & investment grade quality analysis* 01:07:35 - Assessing legitimacy: Trust, scale, perpetual BTC yield as must-haves* 01:11:55 - Proof-of-reserves debate: Security, audit, and credibility issues unpacked* 01:15:19 - New adopters: Surge in corporate Bitcoin treasury conversions expected* 01:19:48 - Valuation clarity: Dan’s analysis of non-cumulative preferred stocks and MSTR dividend security* 01:24:37 - Community recap: BTC Conference stories, meetups, and strategy culture* 01:38:57 - Translating Bitcoin: meeting investors where they are to fuel adoption* 01:42:10 - Pre-IPO BTC Treasury investing: Overview of reverse merger & SPAC strategies* 01:53:00 - Moon math: mNAV expansion price predictions* 01:57:10 - S&P 500 inclusion: review the latest status and push for September* 01:58:50 - Final thoughts: Roundtable takeawaysSOCIAL MEDIA:* X: https://x.com/PunterJeff* X: https://x.com/BenWerkman* X: https://x.com/nithusezni* X: https://x.com/TimKotzman* X: https://x.com/Z06Z07* X: https://x.com/Adrian_R_Morris* X: https://x.com/RealTrollstein* X: https://x.com/MasonFoard* X: https://x.com/hillery_dan* X: https://x.com/JBerneburg* X: https://x.com/TheJesseMK* X: https://x.com/thebitcoingalMSTR TRUE NORTH LINKS:* True North Website: https://www.mstrtruenorth.com* X: https://x.com/MSTRTrueNorth* 🛒 MERCH: https://thehodlshop.com/collections/t…* Youtube: @MSTRTrueNorth MSTR Link

🧭 MSTR True North episode 27: The crew dives deep into the institutional adoption of Bitcoin globally. Tune in to hear more about MetaPlanet, MSTR, Bitcoin treasuries, market sentiment, and why 2025 could be the breakout year for Bitcoin-aligned equities and cooperative finance.🎛️ As of this recording, 5/21/25, Strategy's (MSTR) performance:* Open: $415.92* Close: $402.69* Volume: 18,373,500 shares* mNAV: 1.90* Market Cap: $112.11B* U.S. Market Cap Ranking: 85* BTC: 576,230⏱️ TIMESTAMPS & INSIGHTS:* 00:00:00 - The intro: agenda, MetaPlanet buzz, and BTC price discovery * 00:04:00 - $BTC/$MSTR outlook: the rise of a decentralized computer network & sentiment challenges* 00:08:16 - volatility DNA: options market, leverage in MSTR & trading psychology * 00:15:25 - japan bonds: high yields push investors to equities & BTC* 00:18:33 - $MTPLF: most shorted stock in JPN and their BTC treasury strategy* 00:23:40 - cyber wolf pack: BTC-led corporate coordination and feedback loops* 00:28:49 - $BTC cooperation: equity cycles, leverage, and institutional shifts* 00:34:56 - mNAV risks: copycats, sentiment metrics, and reflexivity traps* 00:44:00 - liquidity: trading volumes of Strategy vs MetaPlanet* 00:47:29 - $BTC treasury evolution: BTC value vs growth plays and capital markets access* 01:02:05 - $MSTR fundamentals: bitcoin holdings, leverage, and debt strategy* 01:08:00 - $STRK deep-dive: yield, convertibility, and comparison to real estate* 01:17:28 - yield analysis: $STRK vs property returns and investment risks* 01:27:20 - S&P 500 potential: MSTR Q2 earnings, valuation confusion, and market impact* 01:35:39 - 2025 outlook: bitcoin treasuries, institutional momentum, and growth trends* 01:40:20 - The power of collateral: the transition from selling to borrowing* 01:46:05 - $BTC quietly @ ATH: google trends review, institutional interest & strength of the first principles* 01:56:00 - Closing thoughts & peaceful portfolios: price discovery and the path to work on your passionSOCIAL MEDIA:* X: https://x.com/PunterJeff* X: https://x.com/BenWerkman* X: https://x.com/nithusezni* X: https://x.com/TimKotzman* X: https://x.com/Z06Z07* X: https://x.com/Adrian_R_Morris* X: https://x.com/RealTrollstein* X: https://x.com/MasonFoard* X: https://x.com/hillery_dan* X: https://x.com/JBerneburg* X: https://x.com/TheJesseMK* X: https://x.com/thebitcoingalMSTR TRUE NORTH LINKS:* True North Website: https://www.mstrtruenorth.com* X: https://x.com/MSTRTrueNorth* 🛒 MERCH: https://thehodlshop.com/collections/t…* Youtube: @MSTRTrueNorth MSTR Links:* https://www.mstr-tracker.com* https://saylortracker.com/* https://robinhood.com/us/en/stocks/MSTR/* https://www.strategy.com/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 re

🧭 MSTR True North episode 41: the crew does a deep dive into credit markets, bond risk, and capital structure—covering Strategy, Ford, disruption risk, mNAV, liquidity, and why BTC is emerging as the prime collateral asset. 🎛️ As of this recording, 10/08/25, Strategy's (MSTR) performance:

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Bitcoin & Energy: Market moving in dog years

MSTR TRUE NORTH LINKS:

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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.

• True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

🧭 MSTR True North episode 40: the group doses a deep dive into Bitcoin investing, capital allocation, risk management, and leverage. They explore mNAV, treasury plays, macro signals, and why fixed income products are reshaping long-term portfolios. 🎛️ As of this recording, 10/01/25, Strategy's (MSTR) performance:

⏱️ TIMESTAMPS & INSIGHTS:

SOCIAL MEDIA:

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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.

• True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

🧭 MSTR True North episode 39: This episode kicks off with the news tied to the Strive acquisition and the push to maintain authenticity. The rest of the discussion highlights all the bews in Bitcoin Treasury space in the last 3 weeks. 🎛️ As of this recording, 9/24/25, Strategy's (MSTR) performance:

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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.

• True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

🧭 MSTR True North episode 38: Soleil & Dan breakdown Strategy’s credit stack, BTC accumulation strategy, preferreds, rate risk, and AI macro themes dissected. Topics also include Strike, Strife, Stretch, MSTR mNAV, BTC vs gold, and Fed policy. 🎛️ As of this recording, 8/27/25, Strategy's (MSTR) performance:

⏱️ TIMESTAMPS & INSIGHTS:

SOCIAL MEDIA:

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.

• True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

🧭 MSTR True North episode 37: A sharp look into Bitcoin-backed finance, misunderstood leverage, market shakeups, and the future of MSTR. Big money, bold moves, and a masterclass in navigating financial storms—this one’s not just for Bitcoiners. 🎛️ As of this recording, 8/20/25, Strategy's (MSTR) performance:

⏱️ TIMESTAMPS & INSIGHTS:

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.

• True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

🧭 MSTR True North episode 36: The True North crew dives deep into this transformational period. Segments include MSTR valuation, leverage risks, liquidation prefs, and BTC’s future as digital capital. 🎛️ As of this recording, 8/13/25, Strategy's (MSTR) performance:

⏱️ TIMESTAMPS & INSIGHTS:

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.

• True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

🧭 MSTR True North episode 35: The crew talks Q2 earnings call, Bitcoin-backed investing, the creation of the BTC yield curve, AI disruption, and rising instituional adoption. 🎛️ As of this recording, 8/6/25, Strategy's (MSTR) performance:

⏱️ TIMESTAMPS & INSIGHTS:

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.

• True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

🧭 MSTR True North episode 34: 🎛️ As of this recording, 7/23/25, Strategy's (MSTR) performance:

⏱️ TIMESTAMPS & INSIGHTS:

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.

• True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.