Capital Gravity Converging & Teeth Scarcity | True North Podcast | Ep. 26

<p>🧭 MSTR True North episode 26: The crew does a deep dive into MSTR, Bitcoin leverage, $STRK, and S&P 500 dynamics. Special guest LaDoger add his perspective on the behind-the-scenes from the True North event. 🎛️ As of this recording, 5/14/25, Strategy's (MSTR) performance:</p> <ul> <li>Open: $420.40</li> <li>Close: $416.75</li> <li>Volume: 10,681,100 shares</li> <li>mNAV: 2.13</li> <li>Market Cap: $113.94B</li> <li>U.S. Market Cap Ranking: 84</li> <li>BTC: 568,840</li> </ul> <p>⏱️ TIMESTAMPS & INSIGHTS:</p> <ul> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24">0:00:00</a> - Introduction: Podcast themes, tone, and guest introductions</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=335s">0:05:35</a> - MSTR True North Origins: why it all started & the laser focus on BTC treasury companies</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=697s">0:11:37</a> - MSTR Financials: BTC on balance sheet, leverage, equity strength and BTC Torque</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=1055s">0:17:35</a> - New Markets: Preferred stock & wildfire risk parallels</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=1515s">0:25:15</a> - $STRK’s purpose: High-yield fixed income meets Bitcoin exposure</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=1934s">0:32:14</a> - $STRK vs MSTR: Equity structure, mispricing, synthetic value</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=2232s">0:37:12</a> - Conference Recap: 2025 Strategy World highlights and community engagement</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=2746s">0:45:46</a> - Grain of Salt reveal: Vegas plans, documentary filming, team efforts</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=3542s">0:59:02</a> - Investor Relations: Digital shift, AI integration, Phong's leadership</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=3830s">1:03:50</a> - LaDoger’s HQ trip: recap of his trip to DC</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=4027s">1:07:07</a> - Why torque, not leverage: Saylor’s reason for using Torque</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=4410s">1:13:30</a> - S&P 500: Inclusion mechanics, passive flows, market reaction</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=5583s">1:33:03</a> - Media Critique: Financial Times misrepresentation, narrative control</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=5934s">1:38:54</a> - Knowledge Gaps: Economic understanding, humility challenge and Grain’s rant</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=6625s">1:50:25</a> - Optimism vs Reality: Conference contrast, financial clarity</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=7010s">1:56:50</a> - Bitcoin treasury movement: escape velocity incoming and the adoption curve</li> <li><a href="https://www.youtube.com/watch?v=5GTVLqVi_Qw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=24&t=8320s">2:18:40</a> - Final thought: The flywheel has initiated</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>Special guest:</p> <ul> <li>X: <a href="https://x.com/LaDoger21">https://x.com/LaDoger21</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=QUFFLUhqbnp6OE1USDlCY28zcTlTcWlhRWxid2VqTWhMUXxBQ3Jtc0trQk8xT200U2RLak1XOEItMVV3bU9YY1FJN2dqbkpnblM3T3RBbTJ6NHpGSGdUeFQ5dldQbU51UnpGblBHTUpvUU1CaVp2OHo3cmIxdTJtY2YybkRvSVhxNFdXVm4xY195cjVIV05nTVQwWDN4am1raw&q=https%3A%2F%2Fthehodlshop.com%2Fcollections%2Ft..&v=5GTVLqVi_Qw">..</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>