₿itcoin Rachy ⚡️
@BitcoinRachy
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Bitcoin is 👑 | There is no second best asset | Fix the money, fix the world ⚡️ $BTC $MTPLF $MSTR
Joined January 2022
Ever wanted to understand how Michael Saylor is building his yield curve for Strategy?. Here’s what you need to know and who might be doing it next 🧵👇.
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No one is selling BTC for miners or XRP. Unless they are a 🤡.
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Unless your name is Satoshi and your Bitcoin was moved today, I could care less. Any other “whale” is not really a whale.
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Drakes new song that released today talks about BTC being volatile. Volatility is a feature, not a bug.
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If you want to learn how money works, you don’t go to an economics class at school. You study Bitcoin and the history of fiat currencies.
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What’s the first thing you check on your phone in the morning?.
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My real estate horror story thread is coming out tomorrow morning, stay tuned. 🛎️.
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If you enjoyed this thread, please retweet for visibility 🙏🏽.
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So while Wall Street watches the Fed curve invert, Saylor’s out here building a Bitcoin-backed equity curve — one preferred at a time. Yield farming, but to the next level, and all for Bitcoin.
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Guess who else is going to be following their footsteps soon 👀. @DylanLeClair_ continues to hint how these yields are helping Strategy. Metaplanet is not that far behind and will most likely vote on this during the September 1st shareholder meeting in Japan.
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And it’s working. Each issuance helps define the risk-adjusted return investors expect from MicroStrategy’s BTC-heavy balance sheet over time. That’s a decentralized risk pricing mechanism — ironically, one of crypto’s core promises.
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It’s a fascinating blend of corporate finance meets crypto-native strategy. Saylor is basically saying: “If traditional finance won’t lend to us the way we want, we’ll build our own instruments — and market will price them.”.
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This synthetic yield curve gives MicroStrategy flexibility. Need capital fast? Issue preferreds at the shorter end. Think rates will fall? Go longer, lock in now. Want to appeal to more risk-tolerant crypto believers? Sweeten the convertibility terms.
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By spacing out issuance dates and tweaking terms (dividend rates, convertibility, callability), they can:. •Attract different investor profiles.•Benchmark internal cost of capital.•Signal market sentiment around MicroStrategy’s crypto treasury strategy.
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Saylor’s team has issued multiple tranches of preferred stock — each with unique terms, pricing, and timing. In doing so, they’ve created different yield entry points for investors — just like a bond yield curve. This isn’t accidental. It’s strategic.
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Preferred stock sits between debt and equity. It typically offers fixed dividends (yield), priority over common stock in liquidation, and sometimes convertibility features. It’s often used as a financing tool when companies don’t want more leverage on their books.
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In traditional finance, corporations or sovereigns issue bonds across multiple maturities — 2Y, 5Y, 10Y, etc. — to establish a credit curve that investors can use to price risk and demand yield. But MicroStrategy is doing it with preferred equity: STRK, STRF, and STRD.
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Michael Saylor & MicroStrategy have done something pretty clever. Instead of issuing traditional debt at varying maturities to build a yield curve, they’re using preferred stock issuances to engineer their own synthetic yield curve. Let me explain 👇.
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More true words have never been said.
They told you July 4th was about freedom. Then they gave you:. – 30% tax on your labor.– 15% shadow inflation on your savings.– surveillance on your bank account.– and a Fed that prints $7 trillion to bail out billionaires. This year, light fireworks for real independence:.
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