Documenting Strategy

Documenting Strategy ($MSTR), Bitcoin & the corporate treasury revolution. News, charts, memes & commentary. Not affiliated with @Strategy. NFA.

[Documenting Strategy @strategydocs]

@River 94% of that 193k was $MSTR

[Documenting Strategy @strategydocs]

@StrategyMaxi @Strive Just as im about to go to sleep🤣

[Documenting Strategy @strategydocs]

“Strive has the best team in Bitcoin” 🤣

The constant Michael Saylor and $MSTR hate is getting embarrassing at this point.

Dracula Cole has probably sent out orders to spread more $MSTR hate to try get $SATA above $STRC again.

Let’s remind everyone of a few things:

Michael Saylor annual base salary: $1

Matt Cole annual base salary: $800,000

Oh, and Cole received a $2 MILLION bonus in 2025 on top of that.

Meanwhile, Strive’s 2025 PIPE financing came with a mountain of shares and warrants, leaving shareholders facing serious dilution concerns.

Funny how quickly some people forget that part of the story.

Saylor pioneered the Bitcoin treasury playbook, took years of criticism, and helped build the market these companies now operate in.

Now we’re supposed to believe the newcomers are somehow superior because they’re louder on X?

The best team in Bitcoin doesn’t need to constantly tell everyone they’re the best. They prove it.

Respect the man who paved the way.

[Bitcoin Treasuries @BTCtreasuries]

NEW: “Strive has the best team in #Bitcoin. Full Stop.”
— @ChasePalmieri

📌 $ASST vs $MSTR — who wins in the next 12 months?

📌 Lookback at the $STRD screaming buy thesis

📌 Strategy's retail blind spot. And how to fix it.

Watch ⚡️

TIMESTAMPS:
00:00 Introduction and Context
00:32 Chase Palmieri’s Insights on Strategy
01:36 Strive vs. MSTR: Team Dynamics and Market Positioning
11:05 How Far Management Can Take You
15:38 Digital Credit & Institutional vs Retail Investors
22:39 Strategy’s Moat
26:53 The Retail Bridge & Media Strategy
36:29 Understanding MSTR’s Decision-Making
39:41 STRF, STRK, STRD Future vs STRC
46:55 Lessons Learned In Digital Credit
53:36 Interest Rates On Prefs & Daily Dividends
01:03:27 Cost Of Capital & Future Financing
01:08:54 Bitcoin’s Evolving Market
01:11:35 SATA vs STRC & ASST vs MSTR

[Documenting Strategy @strategydocs]

@StevenBartlett @ProfSteveKeen @grok how dumb is this take. Rate it 1/10 with 1 being absolute horse 💩

[Documenting Strategy @strategydocs]

What if the Oct 10 liquidation event happens again but in reverse?

[Documenting Strategy @strategydocs]

@beneficial @saylor @phongle You are jumping from one narrative to another every reply and nothing is sticking.

[Documenting Strategy @strategydocs]

Everyone is criticising @saylor and @phongle for not raising the dividend rate and buying back $1.4B of $STRC. But this misses the bigger picture.

Amazon offered extremely cheap or free shipping for years, even though investors criticised the strategy for hurting short-term profitability.

But at the point where everybody in the country is subscribed to the product and they all use the product, then Amazon won the market.

Saylor is trying to do the same thing with STRC.

Raising the dividend might attract more capital in the short term, but it also increases Strategy’s cost of capital. Buybacks, on the other hand, can support price stability, reinforce confidence in the $100 price target and strengthen the product’s long-term economics.

The objective isn’t to offer the highest yield in the market. It’s to build the most trusted, liquid and widely adopted digital credit instrument in the world.

Once investors view STRC as a reliable place to park capital, distribution and adoption could become far more valuable than an extra percentage point of yield.

Amazon didn’t win by maximising profits on every delivery. It won by making its service indispensable.

The market is focused on the next dividend. Saylor is focused on winning the market.

[Documenting Strategy @strategydocs]

While crypto traders on here obsess over timing the market and buying the bottom, $MSTR has added over 172,000 Bitcoin to its balance sheet this year at an average price of $76K per $BTC.

$MSTR isn’t even a trading or market-timing company, yet it’s outperforming 99% of the self-proclaimed crypto experts and fake influencers on here.

[Documenting Strategy @strategydocs]

Strategy has added over 172,000 Bitcoin to its balance sheet so far this year at an average price of $76k per BTC.

Strategy is not a trading / market timing company. Despite that they have bought the dip this year better than most traders who try to time bear markets. Trying to push a narrative that they didn't buy the dip, but instead fumbled the DCA method is genuinely misleading.

6k BTC sold below $63k is a bit of a drop in the bucket relative to the total accumulation this year and this bear market.

This narrative of "dilution" and "sold the bottom" is nonsense.

[Documenting Strategy @strategydocs]

@beneficial @saylor @phongle Nobody is arguing that Strategy and Amazon have identical business models.

The comparison is about sacrificing short-term economics to establish long-term market dominance.

[Documenting Strategy @strategydocs]

@grok Retail getting dumped on again

[Documenting Strategy @strategydocs]

Hey @grok is there any chance there will be an influx of SpaceX shares unlocking anytime soon?

[Watcher.Guru @WatcherGuru]

JUST IN: Elon Musk predicts SpaceX $SPCX will be worth "orders of magnitude more than the current Earth economy."

[Documenting Strategy @strategydocs]

@UncleDividends I live in the UK and while the investors here are more income oriented they have not included #MORE on the most popular brokers here which will limit their full potential.

[Documenting Strategy @strategydocs]

@LexXxbt @vitorfidm I live in the real world, not Cowen's fantasy land.

[Documenting Strategy @strategydocs]

Benjamin Cowen: “I was wrong about Bitcoin not making a higher high.”

Also Benjamin Cowen: “But if it drops back under this line I drew, then I’m right about Q4 and history is back on schedule.”

Man wrote a whole apology just to keep the bear thesis on life support.

[Benjamin Cowen @benjamincowen]

If Bitcoin accepts back below the range, then Q4 2026 could shape up to be what it historically has been.

The markets always have a way of convincing us that "this time is different."

[Documenting Strategy @strategydocs]

Hilarious that $ASST had about 30 days of glory and everyone thought $MSTR was finished.

Today, $MSTR is outperforming $ASST and $STRC is outperforming $SATA.

Expect this to continue for the forseeable future.

[Documenting Strategy @strategydocs]

@MSTR_simulator Agree and just made a post on this. $SATA had a purple patch and $STRC will be top dog again soon.

[Documenting Strategy @strategydocs]

I don't think the perceived risk is in Strategy's ability able to pay the dividend, but rather the price volatility.

The drop to $74 spooked a lot of people. People like knowing they can get their $100 back at anytime.

Buybacks help lower the volatility and reduce fear over the long run.

[Documenting Strategy @strategydocs]

@JHildenMinton @saylor @phongle The US junk bond market is $1.5 TRILLION.

Investors accept significant downside risk in exchange for income with limited upside every single day.

The question is whether STRC's yield compensates for its risk, not whether a $10.5B market can exist.

[Documenting Strategy @strategydocs]

@StrategyMaxi @Strategy It's not as scalable unlike $STRC.

$STRC is also safer because they can pause dividends in extreme situations.