MSTR Is Getting Safer — But Is It Losing Its Bitcoin Edge?
Strategy has built a $3 billion cash reserve to strengthen its preferred securities.
But does becoming safer come at the cost of what made MSTR unique in the first place?
In this episode of the One Chair Podcast, we sit down with Jody Flournoy, co-founder of 21 Rates and co-host of Daily Stack, to discuss Strategy's evolving capital structure, the trade-off between safety and Bitcoin amplification, why the market reacted negatively, and whether Bitcoin treasury companies still offer a compelling advantage over simply owning Bitcoin.
We also explore Bitcoin treasury companies, custody risk…
The skinny
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