Jesse Myer just put on a masterclass to explain all things Strategy ($MSTR, $STRK, and $STRF).

Whether you follow Strategy closely or not, it is refreshing to hear the entire investment thesis in a single concise video.

Here is a summary with my added research.

A 🧵: 1/ BTC Yield: The Main Metric

Strategy's main metric is "BTC Yield", the amount of new Bitcoin per share.

This is done by turning dilution into a Bitcoin yield strategy.

By issuing stock or debt to buy BTC, they’re betting BTC outpaces their cost of capital.

As long as Bitcoin rips faster than dilution spreads, each share gets more BTC exposure — not less.

It’s accretive dilution: weaponized debased fiat to stack the hardest form of money.

Generating yield on a ultra growth asset like MSTR is the holy grail of investing.

Here are 3 people who are doing just that (but with their own unique investment styles).

A 🧵: 1/ Pat V. (@trading_pjv77)

Pat is known in the community as a Moderator and power contributor to the MSTY community.

With over 10 years of accounting and finance experience, Pat currently manages an eight-figure investment fund by day and writes on X for fun (mostly in the MSTY sub-group).

His content primarily emphasizes hedging—never being 100% directionally exposed—and how protecting a long position with shorts can actually amplify returns & give you peace of mind.

We all wish we could buy Bitcoin at 0% interest.

After all, that is the Saylor playbook.

Well, now you can.

Here is a step-by-step guide on how to use 0% interest credit cards to buy Bitcoin & MSTR (as pioneered by @sunny051488 and @HermesLux).

A 🧵:

(Not Financial Advice) 1/ The Source

This guide is a direct summary of my live Spaces event that I held last week.

If you prefer a written guide, continue reading below.

If you prefer to watch it for yourself, please see link below.

👇

https://x.com/BTCBullRider/status/1903220326210867559

40%.

That is the amount of taxes that your beneficiaries will pay if you don't plan accordingly.

Welcome to Inheritance Tax 101 and how you can avoid it through intelligent Estate Planning.

(Do this before Jan 1. 2026)!

A 🧵: 1/ What is an Inheritance Tax?

When someone passes away and leaves behind a significant amount of wealth, the IRS will want a piece of that action.

This is called the Inheritance Tax—and it applies if your estate exceeds a certain threshold.

🧑‍💼 For Singles:

In 2025, the current federal estate tax exemption is $13.99 million.

However, this is scheduled to drop back down to around $7 million on January 1, 2026 (unless Congress passes an exemption between now and then)!

If your estate exceeds that amount, the excess may be taxed up to 40%.

💍 For Married Couples:

A couple can double up using portability, meaning you could shield about $28 million (combined exemption).

This only works if you file the proper paperwork when the first spouse dies.

Again, this is scheduled to drop back down to around $7 million on January 1, 2026.

No $Strife, No Glory.

Today MSTR announced that they are launching yet another offering ($STRF), a Perpetual Preferred Stock Offering.

What does this mean for MSTR and how does it compare to $STRK, their other Preferred Stock offering?

A 🧵: 1/ What Is a Perpetual Preferred Stock?

A Perpetual Preferred Stock is a security with no set maturity date that pays a dividend (more on this later).

Unlike regular bonds that must be repaid on a specific date, this instrument can, in theory, last forever.

Perpetual preferred stock sits between common equity and debt.

It ranks above common stock—ensuring dividends and liquidation preferences are paid first—but below secured debt obligations.

"The Fourth Turning is upon us" - Josh Mandell.

As the Bitcoin world is still wrapping their heads around Josh's $84K Prophecy, one should note his sober tone.

Let's investigate what he means by the Fourth Turning and how we should prepare for it.

A 🧵: 1/ What is the "Fourth Turning"?

The Fourth Turning is in reference to a book written by William Strauss and Neil Howe.

William Strauss studied at Harvard University and has worked in the political arenas while Neil Howe has worked at Blackstone and later served as Managing Director at Hedgeye.

Both authors believe that society moves through four generational phases every 80–90 years—each phase lasts around 20–22 years.

These phases (AKA "Turnings") repeat in a consistent cycle: a High, an Awakening, an Unraveling, and finally a Crisis.

Exactly 129 days, a Bitcoin prophecy was born.

On November 5, 2024, Josh Mandell, a legendary Wall Street trader, called his shot when Bitcoin was trading at $74K.

Here is a breakdown of the prophecy and what it means for Bitcoin's price action this cycle.

A 🧵: 1/ Who is Josh Mandell?

Josh is a retired Wall Street trader with some of the most impressive credentials.

Per his Twitter bio, he has worked at Salomon Brothers during its heyday of 1990-98 (remember Liar's Poker? 😉).

Most recently, he was a Trader at Caxton Associates, a $12 Billion AUM Hedge Fund with headquarters in New York, Singapore, Monaco and Dubai.

"Don't sell your Bitcoin".

Cool, we get it.

But how can we access its value without liquidating it?

Enter Bitcoin-backed bonds by @OnrampBitcoin and it's partnership with @ArchLending.

Here are the details that you should know: A 🧵 1/ What is a Bitcoin-backed loan?

A Bitcoin-backed loan works similarly to using real estate as collateral, except your property here is digital.

You pledge a specified amount of BTC as security for a loan, granting you immediate liquidity.

By collateralizing your Bitcoin instead of selling, you keep your position intact, enabling you to potentially benefit from any long-term price appreciation.

"M2 is archaic measure" - Michael Howell.

For those who don't know, Michael Howell isTHE macroeconomist to follow if you are a Bitcoiner.

Recently Michael went on Nik Bhati's podcast (The Bitcoin Layer) to discuss Global Liquidity.

While the episode is filled with great data points and analysis, I want to break down this quote in a 🧵 1/ What is M2?

M2 is a traditional money supply metric that tracked liquidity through bank deposits and near-money assets.

Historically, when economies were more reliant on traditional banking, M2 was a useful gauge of liquidity because most money flowed through retail bank deposits.