Nostr Web Client

Since MSTY has been in the market, it would have been a much better play to use MSTY than selling off Bitcoin.

It’s been a while since I ran the numbers, but I believe if you had sold an amount of Bitcoin equal to the MSTY distributions each month (to leave on), you would have run out of Bitcoin in like 10 months.

Bitwise launched an MSTY competitor, IMST, led by Jeff Park, a week ago. I highly recommend listening to the latest episode of MSTR True North, where Jeff was a guest and talked about these types of products.

Reply to this note

Please Login to reply.

Discussion

Deleted Account 8mo ago

So instead of selling a portion of your bitcoin to live off of each month for instance, you would instead sell off a larger portion, put that larger sum into MSTY, and live off of the MSTY distributions indefinitely? Is that how it would work or am I missing something

DRE 8mo ago

More or less

If you run the numbers since MSTY came out you can see the drastic difference.

If you had bought MSTY when it came out and you had bought bitcoin with the distributions you would have recovered your opportunity cost in bitcoin terms within a year I believe. I’m not saying MSTY and similar products will have amazing dividends in perpetuity, but they are most certainly worth taking a look if you’re selling bitcoin to pay for stuff.

ThriftyHODL 8mo ago

These are the exact thoughts I’m working through right now. MSTY, IMST, or CC on MSTR-GME-IBIT.

DRE 8mo ago

I’m very bullish on Jeff Park. I’ve owned MSTY before, but I think IMST might have a slightly better total return even if their distributions are smaller than MSTY’s.

Listen to the last episode of MSTR True North. Lots of signal on this topic.

ThriftyHODL 8mo ago

I’m with you about Jeff Park! I knew Bitwise was releasing a MSTY competitor.. just didn’t know when. After listening to that episode last week, I looked it up and bought a little IMST the next day. Owning some helps me have the conviction to stay plugged in and develop a first hand opinion about the product.

Speaking of MSTR True North - is there a group on Nostr similar to what’s on X? (Impossibly Long MSTR)

DRE 8mo ago

Same

Not that I know of, but I should start tagging my notes to see who else on NOSTR is interested in MSTR and the covered calls and leveraged funds