Spending out of the cash balance to LN addresses on nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 is the powerful tool and differentiator IMO. Minimal to zero tax implication and able to spend #bitoin, win-win. 🍻
Switched from Swan to nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 for stacking my sats and super happy with that decision. Lower and transparent costs and awesome lightning integration. I finally see the value of LN that I struggled with starting on Phoenix. Good job nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle and team!
Discussion
Haven’t kept any cash balance on strike yet. I feel like if I have money there it should be sats not $. Pile up sats with recurring buys, transfer to cold storage once the stack is tall enough
Absolutely, but tax gains is a burden. Instant deposit from bank and spend SATs out of cash balance is a win all around. Spend bitcoin, encourage vendors to continue accepting it and mitigate cap gain tax while spending bitcoin.
Otherwise you need KYC-free SATs to spend without a tax burden which you can't do with Strike.
If you're just holding, this tool isn't for you.
Good point. Thanks!