Question I'm asking myself today:

What is the value of $STRK?

It appears to be a double-edged sword. Bonds perform well in deflation and Bitcoin exposure performs well in inflation.

For $1000 in $STRK, that equals exposure to 1 $MSTR share plus 8% of $1000 per year.

If the market pushes yield to 4% rate, the value of the $1000 of $STRK goes to $2000 and plus the built-in MSTR stock could be worth another $1000, $2000, $3000.

So looking at

$1000 bear + $80 dividend on all cases.

$2000 realistic

$3000 mild bullish

$10,000 mega bullish.

The alternative would be to buy ~2.7 stocks at today's price.

Which would be worth

$1000 bear + without $80 dividend on all cases.

$2700 realistic

$5400 mild bullish

$27000 mega bullish