Episode 23 – On/Off/On/Off/On/Off

$MSTR True North Episode 23 – On/Off/On/Off/On/Off

1:57:03 | Apr 09, 2025

🧭 MSTR True North Episode 23: Jeff Park joins the MSTR True North crew to break down market volatility, the impact of tariffs, the options market + derivatives, income products, and why Bitcoin and Strategy remain key players in today’s shifting financial landscape.

🎛️ As of this recording, 4/9/25, Strategy’s (MSTR) performance:

• Open: $242.02
• Close: $296.86
• Volume: 38,261,400 shares
• mNAV: 2.05
• Market Cap: $78.70B
• U.S. Market Cap Ranking: 120
• BTC: 528,185

⏱️ Timestamps & Insights:

• 00:00:00 – Intro: Market overview, MSTR leverage, and upcoming TN Strategy World event
• 00:04:00 – New tickets!!: Grain provides details on new tranche of tickets for TN Strategy event
• 00:08:19 – Tariffs: Tariff policy revival and national emergency market reactions
• 00:15:00 – Derivatives: Jeff Park’s experience trading exotic derivatives
• 00:20:13 – Volatility 101 & Macro: Post-crypto shift, low liquidity, and reading order books
• 00:30:08 – Options, $IMST and covered calls: Market dynamics of options & Bitwise’s covered call products
• 00:50:30 – $STRK & $STRF: Utility of Saylor’s new instruments
• 00:56:10 – Fed impact: Fed and Treasury moves that could trigger Bitcoin upside
• 01:00:38 – Power is knowledge: Volatility and the art of the professional trader
• 01:08:20 – $MSTR debt: Comparing MSTR’s leverage to a real estate analogy
• 01:22:04 – Risk mgmt: Managing debt with excess capital and stress-tested balance sheets
• 01:32:00 – Tech vs money: Inflation system vs. tech deflation and Bitcoin’s deflationary value
• 01:45:12 – Bitcoin edge: Why Bitcoin thrives in flawed fiat systems and coming money printing
• 01:56:01 – $MSTR market position: Strategy as a “risk-off” asset priced like a “risk-on” play

Special Guest:
Jeff Park (@dgt10011)

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.