BTC Opportunity Cost EVERYWHERE | True North Podcast | Ep. 27

<p>🧭 MSTR True North episode 27: The crew dives deep into the institutional adoption of Bitcoin globally. Tune in to hear more about MetaPlanet, MSTR, Bitcoin treasuries, market sentiment, and why 2025 could be the breakout year for Bitcoin-aligned equities and cooperative finance. 🎛️ As of this recording, 5/21/25, Strategy's (MSTR) performance:</p> <ul> <li>Open: $415.92</li> <li>Close: $402.69</li> <li>Volume: 18,373,500 shares</li> <li>mNAV: 1.90</li> <li>Market Cap: $112.11B</li> <li>U.S. Market Cap Ranking: 85</li> <li>BTC: 576,230</li> </ul> <p>⏱️ TIMESTAMPS & INSIGHTS:</p> <ul> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23">00:00:00</a> - The intro: agenda, MetaPlanet buzz, and BTC price discovery</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=240s">00:04:00</a> - $BTC/$MSTR outlook: the rise of a decentralized computer network & sentiment challenges</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=496s">00:08:16</a> - volatility DNA: options market, leverage in MSTR & trading psychology</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=925s">00:15:25</a> - japan bonds: high yields push investors to equities & BTC</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=1113s">00:18:33</a> - $MTPLF: most shorted stock in JPN and their BTC treasury strategy</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=1420s">00:23:40</a> - cyber wolf pack: BTC-led corporate coordination and feedback loops</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=1729s">00:28:49</a> - $BTC cooperation: equity cycles, leverage, and institutional shifts</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=2096s">00:34:56</a> - mNAV risks: copycats, sentiment metrics, and reflexivity traps</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=2640s">00:44:00</a> - liquidity: trading volumes of Strategy vs MetaPlanet</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=2849s">00:47:29</a> - $BTC treasury evolution: BTC value vs growth plays and capital markets access</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=3725s">01:02:05</a> - $MSTR fundamentals: bitcoin holdings, leverage, and debt strategy</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=4080s">01:08:00</a> - $STRK deep-dive: yield, convertibility, and comparison to real estate</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=4648s">01:17:28</a> - yield analysis: $STRK vs property returns and investment risks</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=5240s">01:27:20</a> - S&P 500 potential: MSTR Q2 earnings, valuation confusion, and market impact</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=5739s">01:35:39</a> - 2025 outlook: bitcoin treasuries, institutional momentum, and growth trends</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=6020s">01:40:20</a> - The power of collateral: the transition from selling to borrowing</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=6365s">01:46:05</a> - $BTC quietly @ ATH: google trends review, institutional interest & strength of the first principles</li> <li><a href="https://www.youtube.com/watch?v=aJPByFnBcNg&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=23&t=6960s">01:56:00</a> - Closing thoughts & peaceful portfolios: price discovery and the path to work on your passion</li> </ul> <p>SOCIAL MEDIA:</p> <ul> <li>X: <a href="https://x.com/PunterJeff">https://x.com/PunterJeff</a></li> <li>X: <a href="https://x.com/BenWerkman">https://x.com/BenWerkman</a></li> <li>X: <a href="https://x.com/nithusezni">https://x.com/nithusezni</a></li> <li>X: <a href="https://x.com/TimKotzman">https://x.com/TimKotzman</a></li> <li>X: <a href="https://x.com/Z06Z07">https://x.com/Z06Z07</a></li> <li>X: <a href="https://x.com/Adrian_R_Morris">https://x.com/Adrian_R_Morris</a></li> <li>X: <a href="https://x.com/RealTrollstein">https://x.com/RealTrollstein</a></li> <li>X: <a href="https://x.com/MasonFoard">https://x.com/MasonFoard</a></li> <li>X: <a href="https://x.com/hillery_dan">https://x.com/hillery_dan</a></li> <li>X: <a href="https://x.com/JBerneburg">https://x.com/JBerneburg</a></li> <li>X: <a href="https://x.com/TheJesseMK">https://x.com/TheJesseMK</a></li> <li>X: <a href="https://x.com/thebitcoingal">https://x.com/thebitcoingal</a></li> </ul> <p>MSTR TRUE NORTH LINKS:</p> <ul> <li>True North Website: <a href="https://www.mstrtruenorth.com">https://tnorth.com</a></li> <li>X: <a href="https://x.com/MSTRTrueNorth">https://x.com/MSTRTrueNorth</a></li> <li>🛒 MERCH: <a href="https://thehodlshop.com/collections/t">https://thehodlshop.com/collections/t</a><a href="https://www.youtube.com/redirect?event=video_description&redir_token=QUFFLUhqbHlFVjdXMGxUZ2lLQk90RlRkRVJxanJLengwUXxBQ3Jtc0tsODRWTTR6bTBjOHZvaDRfZkFNcTk1U0VaU25kQVI4TzROaFotNkM2a3ZoWHVLRFc5aHlaY29YLU5wTlVOSEpETVZISDJGZ1RHcUt2LXh4Q3Y5QUVwRWhCMlF6QU9hU2lRSHBDLU1LUGpLUkhqYUZqZw&q=https%3A%2F%2Fthehodlshop.com%2Fcollections%2Ft..&v=aJPByFnBcNg">..</a>.</li> <li>Youtube: @MSTRTrueNorth</li> </ul> <p>MSTR Links:</p> <ul> <li><a href="https://www.mstr-tracker.com">https://www.mstr-tracker.com</a></li> <li><a href="https://saylortracker.com/">https://saylortracker.com/</a></li> <li><a href="https://robinhood.com/us/en/stocks/MSTR/">https://robinhood.com/us/en/stocks/MSTR/</a></li> <li><a href="https://www.strategy.com/">https://www.strategy.com/</a></li> </ul> <p>Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions. </p> <p>• <em>True North does not intend for anything herein to be considered an offer or sale of any securities, including those of Strive. True North encourages listeners to consult with their tax and investment advisors. Additional information on any securities or issuers referenced herein can be found in such issuers’ filings with the Securities and Exchange Commission (“SEC”), including any registration statements, prospectuses and prospectus supplements for each issuers’ securities. Listeners should read such documents and other documents incorporated by reference therein or that such issuer has filed with the SEC for more complete information. You may get these documents for free by visiting EDGAR on the SEC website at <a href="http://www.sec.gov">www.sec.gov</a>.</em></p> <ul> <li>Any securities referred to herein, including those of True North’s parent Strive, are not collateralized by underlying bitcoin holdings and may be subordinated to senior claims. There are no guarantee of returns liquidity or future performance. The securities referred to herein are neither bank deposits, nor FDIC insured, nor regulated in the same way, and do not have the same regulatory and other protections as bank accounts, money market funds, treasuries, or similar investments and as a result may not be comparable investments. Current trading prices and effective yields may vary, current rates are not indicative of future rates, and in some cases rates are subject to frequent adjustments and may be significantly lower than discussed herein. Cash dividends are not guaranteed. In some cases, dividends have not been paid and may not be paid in the future. Ownership of securities referred to in herein does not confer ownership in the underlying assets, including bitcoin.</li> </ul>