Jameson Sederquist

[Chaitanya Jain @CJ_Bitcoin]

1/ On December 16, 2025, S&P affirmed @Strategy’s B− / Stable rating.

Its upside scenario highlighted USD liquidity well above 12 months of payments, less convertible debt, and strong capital access through bitcoin stress.

Here’s what has changed.

[Strategy @Strategy]

Strategy responded today to MSCI’s proposed “non-operating company” exclusion. While not material to $MSTR, the proposal is misguided, flawed, and conflicts with established securities laws and accounting principles. Read our letter and share your support: https://t.co/Vup3T5TbvY

[Strategy @Strategy]

Our USD Assets now almost entirely offset our debt, reducing net leverage to 0.1%. $MSTR

[Jameson Sederquist @jamosed14]

$MSTR trading like a wrapper despite $STRC recovery + bitcoin:native strength.
A healthy digital credit machine is not priced in 👀

[Bull Theory @BullTheoryio]

Bitcoin has surged +27% and $17,200 from $62,300 to $79,500 since Jim Cramer said he is selling all his BTC.

[Strategy @Strategy]

If you want to find the secrets of the universe, think in terms of energy, frequency, and vibration. $BTC $STRC

[Michael Saylor @saylor]

Digital Assets form a monetary spectrum:

$BTC = Digital Capital
$STRC = Digital Credit
SR-strcUSX = Digital Money
$USDT = Digital Currency

From left to right, volatility and return potential fall while stability and transactional utility rise.

[STRC.live @STRC_live]

"The reports of my death are greatly exaggerated"

[Zaid 🟧 @zaidlikesmstr]

$MSTR

Strategy is a structured finance company.

That’s where I think its competitive edge comes from.

When I look at most businesses, I have to think about factories, supply chains, tariffs, labour, customer demand, distribution, and whether management can execute across all of it.

@Strategy doesn’t ask me to underwrite any of that.

What investors are underwriting is the structure.

Can management continue designing vehicles that attract more capital than they consume, allocate that capital intelligently, and improve the structure as it scales?

That’s ultimately the investment thesis.

Most structured finance companies compete on spreads and margins.

@Strategy certainly does that too.

But what makes it different is what those spreads are ultimately supporting.

The company has already identified the capital asset it wants to own.

Instead of worrying about where retained earnings should be invested or how excess capital should be deployed, @Strategy has a very clear objective.

Acquire more Bitcoin.

Every improvement to the structure allows @Strategy to acquire more of the asset it believes compounds shareholder value over the long term.

That’s one of several things that makes this company unique to me.

The better the structure becomes, the easier it becomes to attract the next dollar of capital.

And that’s exactly what makes it an incredibly scalable business.

Mission: Strategy.

bitcoin:native $MSTR $STRC

[Michael Saylor @saylor]

Bitcoin is digital capital. AI is digital intelligence. I joined @StevenBartlett to discuss how they are reshaping money, business, markets, work, and the future.
https://t.co/bdT8oXGUKK

[Phong Le @phongle]

$MSTR is built to outperform Bitcoin over time. It has outperformed Bitcoin in every four-year holding period since we adopted Bitcoin on August 10, 2020. Outperformance comes from growing Bitcoin per share.

[Michael Saylor @saylor]

Bitcoin is inside the gates of Wall Street.

[Phong Le @phongle]

Our upgraded mNAV 1) accounts for all securities senior to $MSTR, 2) distinguishes ITM and OTM converts, and 3) establishes a 1.0x threshold for accretive MSTR issuance. Thanks to the institutional and retail investors, analysts, and Bitcoin Treasury Companies for the feedback.

[Strategy @Strategy]

A one-stop shop for $BTC investors at https://t.co/XHGcqfivET, including key metrics such as:
- Premium to 200W MA at 1.5%
- Fear & Greed Index at 28 ("Fear")
- 30-day ETF net outflows at $1.9 billion
- Bitcoin dominance at 67%

[Strategy @Strategy]

New and updated market metrics are live at https://t.co/LE4LnXYgKY. As Digital Credit becomes a larger portion of our balance sheet, we've sharpened our precision based on investor feedback. This video walks through what's new and why.
00:00 - Intro to Strategy's new and updated market metrics
00:16 - Why metrics are evolving: Digital Credit, feedback, precision
01:03 - New net metrics overview: Net Reserve, Net BTC, Net BPS
02:25 - How Net Reserve is calculated
04:06 - Fully Diluted Shares Outstanding, explained
08:06 - Net BPS growth since 2020
10:05 - Amplification redefined as a bitcoin equity multiplier
11:14 - Updated mNAV and the fixed 1.0x accretion threshold
13:44 - Introducing BTC Hurdle Rate and BTC Floor Rate
17:03 - Website walkthrough: MSTR tab's Equity and BTC subtabs
23:17 - The upgraded Bitcoin tab
25:22 - Credit tab's new Floor Rate, Ledger, Comps, Charts, and Shares
29:23 - A new Media tab for keynotes, podcasts, and articles

[Strategy @Strategy]

$STRC is now the largest holding in BlackRock's $PFF, InfraCap's $PFFA, and VanEck's $PFXF - three of the largest U.S. preferred stock ETFs.

[Strategy @Strategy]

$MSTR engineers volatility.

[Phong Le @phongle]

One of the more interesting dynamics is the race for second on the Bitcoin Banking Adoption Index. Goldman, JPMorgan, Morgan Stanley, and Citi are all working on multiple Bitcoin and crypto projects launching this year, with more Clarity by year end.

[Chaitanya Jain @CJ_Bitcoin]

"We're not going anywhere. We're the largest identified holder of bitcoin. My objective would be [to remain] the largest buyer of bitcoin for the foreseeable future." $BTC

[Phong Le @phongle]

Introducing the Bitcoin Bank Adoption Index. Adoption of Bitcoin and the related digital asset ecosystem across major banks and financial institutions is accelerating, but still early at 32%.

Methodology and updates to follow. Institutions with questions, corrections, or additional public information: [email protected].