Episode 24 – The Bitcoin Orchestra

$MSTR True North Episode 24 – The Bitcoin Orchestra

2:00:08 | Apr 16, 2025

🧭 MSTR True North Episode 24: Deep dive into Strategy’s securitized BTC financial products, covered calls, market cycles, and how AI and macro trends are shaping the future of Bitcoin and investing. Insightful, raw, and packed with alpha.

🎛️ As of this recording, 4/16/25, Strategy’s (MSTR) performance:

• Open: $306.06
• Close: $311.66
• Volume: 12,814,000 shares
• mNAV: 2.06
• Market Cap: $83.26B
• U.S. Market Cap Ranking: 111
• BTC: 531,644

⏱️ Timestamps & Insights:

• 00:00:00 – Intro: Agenda overview
• 00:04:00 – MSTR Financials Update: 531K BTC, capital structure, and risk thresholds
• 00:06:00 – Strategy World: Event details, tickets, sponsors, and community building
• 00:14:12 – BTC Financial Harmony: New Bitcoin-linked products and portfolio design
• 00:17:45 – Strategy Exposure: Convertible structure, and yield advantage
• 00:20:00 – Strategy Economy: Volatility as yield, passive BTC buying through equities
• 00:23:54 – MSTR’s ATM & Yield: Debt coverage and sustainable yield through equity issuance
• 00:37:40 – MBS vs BTC: Parallels between mortgage-backed securities and Bitcoin securitization
• 00:42:50 – Impact of AI: Disrupting the traditional moat
• 00:47:30 – BTC Equity Exposure: Openness to embrace volatility and different BTC type exposure
• 00:54:40 – Covered Calls: Mistakes, lessons, and how to tactically manage call options
• 01:21:20 – Grant Cardone: BTC-backed real estate fund and hybrid investment model
• 01:25:00 – Private Credit: Bitcoin-based lending and the evolution of structured finance
• 01:28:00 – Market Trends: Decoupling, inflation fears, and short-term sentiment
• 01:32:05 – Trade Wars: Why Bitcoin may outperform during tariff-driven uncertainty
• 01:41:52 – 2008 Parallels: TARP, liquidity, and government intervention redux
• 01:49:00 – Tax Strategy: Harvesting losses and planning for capital gains
• 01:54:50 – Closing Thoughts: Final takes from the crew

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.