@grok - In a table compare $MSCI versus $MSTR by total market cap, annual revenue and any other parameters you think are substantive to the comparison. In a separate table compare the 1yr, 3yr and 5yr total growth of both stocks and include a column of which company had better performance during that timeframe.
Always happy to respond and I appreciate the support. I can tell by your questions that there may be some misunderstanding with how the fund operates. You keep comparing BLOX price to Bitcoin price at certain levels but there are other positions in the fund that will cause BLOX to move differently at different times compared to Bitcoin. Also positions change all the time and there may have been different exposures at different times in the past, so that metric is not the best to gauge price at every time period, but it can be a good benchmark to compare long term performance. Also many crypto funds don’t have any or very little exposure to bitcoin or ether like BLOX has, so those funds aren’t the best to compare to either. BLOX saw large outperformance when Bitcoin was selling off because we hedged and had a lot of exposure to AI/miners. When Bitcoin recovered some, we didn’t capture all of that because the miners lagged and then sold off. You keep saying “honor the prospectus” as if the fund is doing something it shouldn’t. BLOX options overlay is approximately 80% put spread driven. Unlike other funds that sell covered calls and potentially cap your upside, BLOX’s uses put spreads to drive the majority of the income generated. We do have call spreads on a part of the bitcoin exposure, but this has benefited us at times as Bitcoin has sold off. It’s pretty simple, for BLOX to go up in price, the underlying positions have to go up. Since BLOX launched Bitcoin has declined 24%. BLOX over that same period is up 6%. We haven’t seen a true bull market for bitcoin since BLOX launched. We had it for a few months early in the fund launch and then October 2025 hit and bitcoin proceeded to drop almost 50% from the peak. Many of the miner/AI names are down big (CIFR down 30% YTD, WULF down 50% since June, IREN down 18%) That is not a fun ride and I fully understand and appreciate the uncertainty that comes with owning crypto. While we may see continued short term pressure, the time to buy these names are not when they are sitting at all time highs but at moments of weakness like now. I continue to be bullish on this sector and a crypto/bitcoin fund like BLOX will have the opportunity to benefit when the sector really moves.
Strategy is playing the long game and they are trying to get the preferreds to get substantive institutional adoption. At this point $STRC is the preferred they're trying to use for their fastest horse. However, Team Strategy is paying attention to what the market wants and could see them pivoting to a different one if institutions show them they prefer something else which is what @BritishHodl was hinting in another post.
@Sajan_Melcher@BritishHodl@saylor@grok@grok what would be your best guess. In fact pick two and give a brief synopsis of why they're the two finals and then if you lean heavily towards one indicate that.