Magazine · Tag
#Strategy
- Treasury companies · · 13 min readBitcoin Stock or Bitcoin? Treasury Stocks ComparedBitcoin stock or bitcoin? Real price data for Strategy and Metaplanet, leverage, mNAV, taxes in DE/AT/CH: how to weigh the opportunities and risks.
- Treasury companies · · 12 min readHow to Calculate a Company's BTC YieldHow to calculate BTC Yield: how Strategy measures bitcoin per diluted share, what BTC Gain and BTC $ Gain mean and where the metric misleads.
- Goals, planning & psychology · · 13 min readCognitive Biases in Bitcoin InvestingTwelve thinking errors that cost bitcoin investors money, from anchoring to survivorship bias, each with a bitcoin example and a countermeasure.
- Treasury companies · · 14 min readThe Risk of Leveraged Bitcoin CompaniesLeveraged bitcoin companies: what a 50 % bitcoin crash does to equity, why loans backed by bitcoin are dangerous and what 2022 taught.
- Treasury companies · · 15 min readmNAV Explained: When Are Bitcoin Treasury Stocks Expensive?mNAV explained: how to calculate the metric for treasury stocks gross and net, what a premium costs and when Strategy, Strive and others are expensive.
- Digital credit · · 14 min readThe Risks of Bitcoin Preferred Stocks: What Can Go WrongBitcoin preferred stocks and their risks: price crashes, suspended dividends, dilution, the dollar. With real figures from 2026 and a checklist.
- Treasury companies · · 13 min readStrategy (MicroStrategy): The Complete Bitcoin StoryStrategy and bitcoin from 2020 to 2026: first purchase, convertible notes, the 2022 crash, Saylor's CEO exit, the new name, preferreds and 849’327 BTC.
- Digital credit · · 13 min readStrategy's (MicroStrategy's) Capital Structure ExplainedStrategy's capital structure layer by layer: bitcoin, convertible notes, five preferred stocks and MSTR. Who gets paid first and how far bitcoin can fall.
- Treasury companies · · 13 min readStrategy Stock (MSTR): The No. 1 Bitcoin Company ExplainedStrategy stock (MSTR) explained: how the No. 1 bitcoin company buys bitcoin, how much BTC is in one share and when the leverage works against you.
- Digital credit · · 11 min readSTRF vs. STRK vs. STRC: Which One Suits Me?STRF, STRK or STRC? A decision guide by investor type with a table, examples for €10’000, the risks of each and a tax note for DACH investors.
- Digital credit · · 11 min readSTRF, STRK, STRD, STRE Compared: Strategy's Fixed-Rate Preferred StocksSTRF, STRK, STRD, STRE compared: yield, rank, coverage and catches of Strategy's four fixed-rate preferred stocks, with examples in euros and francs.
- Treasury companies · · 15 min readBitcoin Treasury Companies Explained: Model, mNAV, RisksBitcoin treasury companies explained: how Strategy, Metaplanet and others buy bitcoin, what mNAV reveals and when the stock is riskier than bitcoin.
- Digital credit · · 15 min readDigital Credit Explained: Understanding Bitcoin Preferred StockDigital credit explained: how bitcoin preferreds like STRC, STRF or SATA pay 8 to 15% dividends, how well bitcoin covers them and where the risks lie.
- Digital credit · · 11 min readSTRC (Stretch) Explained: Yield, Mechanics, RisksSTRC Stretch explained: how Strategy's preferred stock pays 12% a year, why it trades near $100 and what happens when bitcoin falls. With real figures.