If Bitcoin 5X, then MSTR will 10X and MSTY will ~7X with dividends reinvested.
Anyone that was living off Bitcoin when MSTY came out in February 2024 would have more Bitcoin today if they had put a portion into MSTY than they would if they had sold Bitcoin to pay expenses.
I haven’t updated my spreadsheet looking into this for a couple of months, but with this price action, the numbers will break even more in MSTY’s favor, is my guess.
Bro the more I look at msty, the more I like it. I could easily buy 1000 shares and create a monthly income of about $3K 🤔
Maybe?
I’m telling you. Once the implied volatility of MSTR ramps up, I can see the dividends going back up to $3/share and higher.
Their average distribution is ~$2.42/share, so if you want to average $3k/month you need 1,240 shares worth $24.6k rn
Bro, heck yeah. I could put 1/2 a coin and let it make me an income 🔥
Is there any downsides to it?
Exactly
From the point of view of needing income, the most obvious downside or caveat is that the fund relies on MSTR being a volatile asset and them growing. But if you’re bullish on Bitcoin, then it’s easy to be bullish on MSTR and MSTY/IMST by extension.
The biggest downside is that it will likely underperform MSTR. This matters if you are looking at this as a long-term investment, but if you use this product for income (as intended), then the trade-off is worth it.
