I haven't studied much about MSTY, but it seems like a smart strategy, instead of somply selling Bitcoin.
For myself, unless I'm missing something, since I already have an income, BTC as savings & MSTR as an investment make more sense to pile into.
Discussion
There is some nuance, but based on the numbers MSTY has done better than selling bitcoin monthly for income
Yeah that’s how I view it too for the most part.
Who runs MSTY? Where can I do a deep dive on their strategy?
YieldMax. You can find the prospectus and relevant docs on their website. There isn’t much good quality content on youtube or podcasts. It’s a pretty niche space. The strategy is simple, at a high level they monetize MSTRs volatility by selling call options and passing down the premium and profits to the shareholders via monthly distributions.
I would listen to the last episode of MSTR True North with Jeff Park. He touched on MSTY and the product Bitwise launched (IMST) that is a MSTY competitor and he is managing. There is a space on Bitwise’s C account from a week ago where they touch on this as well.