Until MSTR holds its bitcoin somewhere other than with Coinbase as a custodian, I don’t want to introduce more risk than just holding self-custody Bitcoin or cash.
Have you considered STRF or STRK? Might meet your needs much better than anything else in the market
Discussion
They also use Fidelity, so there you go 👍🏼
But even if they lose all their bitcoin (extremely unlikely), the portion of the company that’s not attached to their bitcoin holdings is enough to cover their Convertible bond and STRF obligations.
I trust Fidelity a lot more than Coinbase, didn’t realize MSTR had diversified. That’s very positive news. Thanks for this
9.5% effective yield ($10/share)
It has good upside too even though it’s supposed to behave like a treasury bond
Senior on the capital stack.
Much better than any savings account or money market fund.