MSTR at 6x mNAV? The Buyback Mechanism Bears Aren’t Ready For

One Chair Podcast · May 7, 2026 · 1h

Michael Saylor’s Strategy (MSTR) just changed the Bitcoin market forever.

In this deep-dive conversation, Chase Palmieri (COO at Sovana & Founder of Acropolis) breaks down the latest Strategy earnings call, STRC, Bitcoin treasury companies, digital credit, MSTR valuation, Metaplanet, Jack Mallers’ XXI, and why Bitcoin-backed financial products could disrupt global banking.

We cover:

• Why Strategy’s earnings call was so important

• The real meaning behind STRC and digital credit

• How Strategy could buy back MSTR shares

• Why Bitcoin treasury companies are just getting started

• Basel rules…