Steven Wall

The first “Bitcoin Pope.” As usual for most of my posts this post one is terribly long and references the new Pope, the Catholic Church and my hope that it enters the new world of Bitcoin and MSTR. So, if you are not interested in all that please just skip on by. Normally, I…

On yet another down day I see all the haters chiding us Strategy^B believers. Wondering where we are on days like today, as if they think we are defeated and embarrassed about being wrong. So here is another painfully LONG POST from me to hopefully give some perspective on the…

On this day in which we are down a lot I would like to give some perspective. My posts are always very long posts so just skip on by if you want to read complaints about why things are down. But if you read on, I will do two things for you in this post. First, I will show you…

I believe Saylor has the funds from the preferred STRK stock offering of $584 million. I think the prospectus said they would use $563.6 million to buy Bitcoin. That is over 6,000 bitcoins. So, I will be interested to see what the green dot amount is tomorrow. Who would have…

Andrew Kang has said that the dividend on STRK is only around $14 million per quarter and they will use all of their capital structure options to contribute to paying those dividends. He pointed out that they raised $20 billion dollars in Q4 insinuating that when it can raise…

Phong Le just called Strategy's Bitcoin holdings "Our Strategic Bitcoin Reserve." That's clever. Are you listening Donald? Howard?

What some of everyone is missing is that FAS-B is not in this report for the 4th Quarter of last year. FAS-B I am pretty sure will be applied to the Q 1 earnings based on the amount that Strategy’s Bitcoin holdings increase in the Quarter. Love the new name! It will be so much…

The market is an amazing thing. It goes down and people panic and sell, and then others like me think I will buy some here close to the bottom, but I waited a blink to see if it would drop a bit more but as soon as it had shaken out the max amount of people it could, It said…

Does anyone see a connection between the facts that we saw no green dot today; and BTC being down a bit? Can that just be a coincidence? Anyway, get your sniper rifles ready to DCA into the dip. Always buy fear.

I want to explain what Preferred Stock is and how MSTR’s preferred stock offering works. And WARNING - - this post is VERY LONG because the relation of Common Stock vs. Preferred Stock vs. Convertible Preferred Stock vs. Bonds vs. Convertible Bonds is a little complicate. I…

I am sorry for this very long post. But the "Rex Finance" fellow has been selling CLSK for years. I used to follow CLSK before they were a Bitcoin minor. Anyway I answered his YouTube video and I just want to post it here as well. Again forgive the long post. Okay Rex, I have…

I posted this on X but forgot to send it to my beloved community. For everyone who keeps wanting to hear that Trump and the US is committed to an SBR ... just think about it for a second. I just heard someone on CNBC say that Bitcoin dropped because Atkins and others were just…

For everyone who keeps wanting to hear that Trump and the US is committed to an SBR ... just think about it for a second. You have to know that all of the appointees that are familiar with BTC like Bessett, Lutnick, and Adkins are super smart. So obviously they know that once the…

This is a long post in case you want to compare MSTR to other companies that operate by investing in various assets. Today Jeff Walton posted that MSTR is now ranked as the 101st largest company in the US and has qualified in the market cap category for 125 days in a row to be…

If you read Jeff Walton's posts, you see he was recently at odds with a Baby Boomer Insurance Exec Ian Gutterman who posts a lot on LinkedIn. Gutterman is a smart guy traditionally, but he was claiming Jeff was embarrassing himself when speaking of Bitcoin and insurance at the…

I enjoyed the True North live cast last night so I wanted to say thanks to Jeff, Ben, Sol, Salt, Dan, Tim and the gang. One thing they brought up was whether the FAS-B earnings would be recognized by the market as true earnings so that a multiple could be put on that income.…

I know retail is hating this $MSTR price action for the most part, but do you know who loves it? The convertible arbitrage desk buyers of the convertible bonds. These significant expansions and contractions of price are what allow them to run their delta hedging strategies…

Steve Grasso finally in!!! I have been trolling Steve Grasso on X this last year because 7 months ago he was one of the Trad Fi people who would advise investors to buy Bitcoin and warn of MSTR's multiple over NAV. I would smash the elevator pitch to him on X every time as in:…

I wanted to buy a little more at $325 but since I am an old boomer I had to walk upstairs to take my fiber at the appointed time. I came back down, and the price was $335. Don't let a good correction go to waste. I remember last March I bought pre-split at $1,700 and a few…

There was another hit piece on Seeking Alpha regarding MSTR with same old tropes about MSTR being over leveraged and trading at a premium. I often answer those articles. I know it is long but I will post it here for anyone (especially new people) to read for a background. None of…