STRC sales & proceeds reconciliation pre-mNAV/dilution modeling
Key Questions
How did Strategy fund recent BTC buys?
$330M/$227M from Mar30-Apr5 STRC ATM sales at $100 par funded 4,871 BTC. Perps $500M/11.5% yield and $0.958 cash div confirmed $2.25B cash buffer.
What is Strategy's Sharpe ratio and performance?
STRC achieved Sharpe ratio of 3.88-5, outperforming benchmarks. This supports funding playbook with ~$1.56B Mar +$330M Apr to BTC buys.
How does Strategy's liquidity compare to peers?
Thinning liqs vs peers; $330M Apr playbook contrasts dilution risks per Zacks/Simply Wall St. BlackRock PPF/MSTY 300%/MSTU 2x show retail shift.
What critiques exist on Strategy's model?
@0xSisyphus critiques ponzi risks differing BTC trades with/without Saylor funds. UA.NEWS notes heavy losses pressure despite BTC growth.
What ETF products track Strategy?
BlackRock PPF, Yieldmax MSTY option income, Defiance MST leveraged long + income, Roundhill MSTR WeeklyPay ETF with dividends. 7% inflow impact dwarfed by broader flows.
Is Strategy's capital strategy sustainable?
Zacks questions upside sustainability amid dilution. Capital drives BTC growth but faces cap risks and losses per articles.
What dividend details for STRC?
STRC $0.958 cash div announced, indicating capital movement to SATA’s ATM. Rate holds steady, creating mispricing trade opportunities.
How does STRC funding signal market liquidity?
STRC pause signals thinning liquidity for corporate BTC demand. Sales reconcile pre-mNAV/dilution modeling with $330M proceeds.
$330M/$227M Mar30-Apr5 STRC ATM sales/$100 par/perps $500M/11.5% yield/$0.958 cash div/Sharpe 3.88-5 confirmed funding recent BTC buys incl est 900/$2.25B cash buffer; ~$1.56B Mar +$330M Apr playbook to BTC buys thinning liqs vs peers; BlackRock PPF/MSTY 300%/MSTU 2x; retail shift; @0xSisyphus ponzi critique/Simply Wall St cap risks/UA.NEWS losses pressure/Zacks dilution; Saylor 'not perfect just better'; supply shock reinforcement.