Every time I got my ass reamed by my dad at Loretta’s for sucking is completely justified. After having to swipe my own credit card to do areas, regionals, and Loretta, I understand. Sorry Pops.
I’ve consistently promoted combining BTC to real assets and using cash flow from the real asset to dollar cost average into BTC through its volatility. We work to improve the cash flow of the Real Estate and buy more BTC as it falls.
Cardone Capital BTC hybrid was inspired by treasury companies but with real assets & real cash flow. We are the largest real estate BTC hybrid in the world & have no institutional investors to influence our value proposition.
When I gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted. Weeks later, after Bitcoin fell below $16,000, our debt exceeded the combined value of our BTC and cash reserves by ~$300 million, and $MSTR fell into the $13 range by year-end.
We stayed focused, strengthened the company, and executed our strategy. Since then, Strategy has raised over $60 billion of additional capital and invested it in Bitcoin, adding more than 716,000 BTC. Today, our BTC and USD reserves exceed debt by ~$48 billion. Thank you to everyone who believed, endured, and took the long view.
Honored to get a mention on CNBC, thanks @APompliano. You've done as much as anyone to bring Bitcoin into mainstream financial conversations, grateful to be part of it.
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
@jimcramer Selling Bitcoin shows that you can extract liquidity and have the cash in your bank account instantly. You can even do this on a Saturday or Sunday and have cash immediately available for a mortgage payment or bills, or dividends in STRC’s case. How was this a bad thing?