Probably both.
15% > 10% and the structure is better.
The only bad thing about $SATS is it's BTC rating is very low.
Can someone explain why Strive holds $50M of $STRC on its balance sheet?
They’re collecting 12% from Strategy while offering preferreds paying 13–15%.
It makes no sense to me.
The only way to outperform Bitcoin over a decade is buying $MSTR.
Everything else is noise.
6/10 years so far and $MSTR is comfortably winning.
I should have made my point more clear in the original post.
A lot of people think im having a go at Adam.
He blocked me but yes my post was not a dig at Adam.
My argument isn't that Adam is wrong for working at Strive.
It's that Strive appears to understand the competitive value of controlling investor attention, despite publicly promoting the idea that these companies aren't competing.
xitter.cf/strategydocs/status/21…
I don’t blame Adam at all. Going on The Hurdle Rate for an hour a week sounds like easy money. Doesn’t even have to leave the house. 😂
I’m going to post later asking why he’s seemingly stopped promoting Metaplanet and other Bitcoin treasury companies.
If Matt Cole genuinely believes there’s no competition in the BTCTC space, surely Adam continuing to promote Metaplanet shouldn’t be an issue?
Over the past couple days, I’ve asked two uncomfortable questions about $ASST.
Both times, instead of receiving reasoned answers, I’ve been met with personal abuse and insults.
What happened to Bitcoin’s ethos of independent thinking?
Apparently, “Don’t trust, verify” only applies until you start questioning the crowd’s favourite investment.
The moment you scrutinise a company they’ve become emotionally attached to, you’re suddenly the enemy.
I’m not here to blindly defend Strategy or attack Strive. I’m here to question capital allocation, credit quality and the claims being made to investors.
If asking basic financial questions makes people this angry, perhaps those questions need asking even more.
Why has Adam Livingston seemingly stopped promoting $MSTR and $MPJPY since joining Strive?
I thought Matt Cole said this wasn’t a competition?
If that’s true, why not promote all three?
Almost as if Dracula Cole knows attention drives capital and wants it flowing exclusively into $ASST and $SATA.
Adam’s once broad Bitcoin platform now looks like Dracula’s personal marketing department.
Quite clearly there is a competition.
It amazes me how Saylor is so oblivious to this.
Already back above $80k
It begs the question who was actually selling their $BTC below $80k?
Room temperature IQ individuals.
Exactly. That’s my entire point.
It’s a smart move by Matt Cole. He’s clearly aware that attention drives capital.
But he can’t claim there’s no competition while actively trying to capture the audience of competing treasury companies.
Strive is playing to win. Strategy shareholders should recognise that.
If cash provides liquidity during a crash and BTC provides long-term appreciation, what exactly is the purpose of Strive’s $50M $STRC position?
They’re earning 12% on another company’s preferred while paying 13% on their own.
That’s a negative yield spread with additional credit risk.
What am I missing?
This isn’t about Adam specifically. It’s about Matt Cole and the crowd insisting we’re one big happy Bitcoin treasury family with no competition.
If that’s true, why has Adam seemingly stopped making the Strategy and Metaplanet content he made before joining Strive?
Surely promoting other treasury companies wouldn’t be a problem?
You can’t preach collaboration while behaving like competitors.