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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.

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Discussion

Enki 2y ago

Is it bad that I already think hes a spook. 😬

mrclownworld 2y ago

My boy Mikey has a publicly-traded company that was seed-funded by DuPont and is headquartered 11 minutes from CIA headquarters in Langley.

Let’s not be silly here.

StackSats.IO 2y ago

Fair point, but Mikey isn’t sitting on a massive gold vault, he’s sitting on a digital bearer asset which he could move anywhere.

Even if you assume he’s working with/for CIA, if suddenly that stack was worth $500B then maybe he has second thoughts about playing along, maybe he starts to think about being King Michael..

He’d need to get custody out of MSTR control which is probably a huge barrier but assuming it’s possible, imagine someone of that level of wealth deciding they need to go on the run - how would that play?

mrclownworld 2y ago

Let’s be real… it’s all custodied at NYDIG and NYDIG is a front company of the CIA to the exact same extent

Bud 2y ago

You got yourself a three-level psilocybin grade psyop there good buddy.

StackSats.IO 2y ago

The responses so far indicate he’s thought to be a spook and there’s a lot of that on Xitter - don’t think you have to take shrooms to think Saylor might be a CIA front mate

Bud 2y ago

How about just sit on the stack and buy Microsoft, Apple or Google with it in 10 years?

The Daniel ⚡️ 2y ago

I have a very difficult time trusting anyone who promotes bitcoin but would still be massively wealthy in fiat if it all went away.

Sound Money 2y ago

The corporation is more than just one person. For MSTR to do a deal with a nation state, it would mean Saylor would have to either bring every investor along (ie. every natural person who has invested either directly or indirectly), or rug one or more them.

Bud 2y ago

Agree. It’s not Saylor’s bag. It’s the company’s. He’s executive chairman, so the CEO, CFO, CIO would have to be in on such a plot and the board would have to be fully asleep at the switch.

This is just Q-Anon type “We don’t trust any authority” paranoia with zero proof, and illogical at that.

StackSats.IO 2y ago

Apparently no company has ever railroaded the C-suite, never moved their operations overseas, no board has ever been asleep at the wheel, no currency has ever collapsed, no government has ever sought to seize resources they need, no man has ever been driven by greed, no-one has ever taken a bribe, and no-one has ever made agreements with a foreign country to protect their wealth from the State. Nope - everything is going to stay exactly the same as it is today, forever.

Try opening your mind a bit mate, it needs the exercise.

Bud 2y ago

You could say those things about literally every intermediary company on the planet that you rely on.

I own a lot of MSTR. I evaluate it constantly and have seen no proof of your speculation. I have my money where my mouth is. Do you?

StackSats.IO 2y ago

Bitcoin is the black swan.

If you haven’t considered MSTR in an event like this, you haven’t thought out your investment very well.

Bud 2y ago

Whom do you trust your stack with? Ledger? Binance? You must use some counterparty you have to trust at some level. Are they CIA, too?

StackSats.IO 2y ago

The corporation could look to re-headquarter or re-domicile the financial side of the business - as you know the miners all do that through Singapore here and the big tech companies used Ireland for years for the same. That’s all just legal fiction paperwork BS.

I don’t see that as a barrier, the custody structure would no doubt prevent him from taking the coins himself but in a friendly jurisdiction things could look very different.

G 2y ago

Great note, thank you. A very interesting situation

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.

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.

Mister Great 😎♻️ 🚛 🍏 🗽 🥾 🌆 ⚡ 2y ago

LMAO @ forever be a spook.... Dawg he a spook NOW. 😂