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How would you play the MSTR stack?

Saylor’s 150k coins inside Microstrategy, a US listed company, has got to be considered in the sovereign level game theory. If the US 6102s him and he rolls over, he will forever be considered a spook and MSTR nothing more than a front. It would be either the most valuable robbery or biggest psyop in history.

Assuming he’s not under the thumb of the US Gov or it’s agencies, what if he did a deal with a nation state to bitcoinise their economy with MSTR? Maybe buy out the local currency to a Bitcoin peg, move a few million people on to BTC, he gets sovereign immunity in his new Bitcoin nation and the influx of new Users sees his investment rise massively on the new adoption wave - they all get wealthier together.

Surely he’s got to be thinking about options because that MSTR stack is otherwise as good as gone once the State wakes up to the threat Bitcoin poses.

hh 2y ago

I think 6102 is a matter of fact, inevitable. The point here will be who gets ready now for when the regulatory arbitrage becomes a necessity.

The part where you think Saylor has made a deal with a sovereign etc etc has little grounding I think because the stack is not his, it's MSTR's, and not only he lacks the power to make that sort of decision on his own, but he would be exposing himself to massive liability if he tried and it somehow leaked.

The list of US government agencies that would jump on his ass would take a whole Wikipedia.

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StackSats.IO 2y ago

I didn’t say Saylor *has* made a deal, I hypothesised that it’s a route he may look at. If he can relocate MSTR then those coins, yes custodied by the company not the man himself, suddenly look very different - his level of discretion could be very different in another jurisdiction, particularly if he personally has backing of a sovereign.