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STRK may be the greatest vehicle I’ve ever seen for normies to easily manage the transition from our fiat system to a world on a bitcoin standard, *especially* if they are retired.

Hell it could help me.

Imagine someone handed me $1.5M today and that was all the assets I had. I could buy STRK for $85.25 netting me 17,595 shares. But let’s call it 17,590 as you want to buy it in buckets of 10 because of the convert. That means I’m generating $140,720 pre-tax & $126,623 post tax.

You could retire on that if you wanted. And if you’re smart, you’re spending less than you make and putting the excess into BTC or more STRK or something.

As you head into the future though, we get closer and closer to being on a bitcoin standard. By that point it should be easy to convert.

If you converted it all, it would be 1,759 shares of MSTR common stock. The *current* amount of Bitcoin that represents is 2.87482. It will obviously be more than that when you convert.

What other vehicle exists like this? It’s insane.

Nathan 10mo ago 💬 1

nostr:npub1m6y9qq06c74trgs60ya320pgmhz6099grra5lw04akyuxvcz7lvq9ue2p9: I know you’re big into FIRE. Read the 👆.

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Discussion

Trey 10mo ago 💬 1

How are you calculating the $140,720?

Nathan 10mo ago 💬 1

17,590 x $8 = $140,270

(STRK comes with an $8 dividend a year per share.)

Trey 10mo ago 💬 1

Cool thanks. I'm generally anti-dividend investing but to each his own. Sacrificing total wealth for income, but if you're wealthy enough, I guess it doesn't matter!

https://firebtc.substack.com/p/coal-in-your-stocking

Nathan 10mo ago 💬 1

Yes, but you usually don’t have bitcoin at the other end. And managing Bitcoin’s volatility/the transition to the a bitcoin standard is probably the hardest thing we’re going to encounter on the way. This does it for you.

I actually think if you’re rich enough this isn’t a good product for you. Just stack bitcoin/MSTR because the volatility isn’t a real issue for you. You can easily live off sats even in a Bitcoin bear market.

Trey 10mo ago

I think the opposite. If you're rich enough, you can afford to sacrifice total returns for income and lower volatility. If not, you should focus on growing total wealth.

In that case, buy MSTR instead of STRK.