Fishing For The Fixed Income | True North Podcast | Ep. 29

<p>🧭 MSTR True North episode 29: The crew does a deep dive into MSTR's leverage and the future outlook! Also included - Stride IPO insights, Bitcoin volatility, BTC yield projections, S&P 500 potential, fixed income appetite for yield & why Bitcoin-backed products are disrupting markets. 🎛️ As of this recording, 6/11/25, Strategy's (MSTR) performance:</p> <ul> <li>Open: $391.23</li> <li>Close: $387.11</li> <li>Volume: 6,812,152 shares</li> <li>mNAV: 1.91</li> <li>Market Cap: $108.13B</li> <li>U.S. Market Cap Ranking: 94</li> <li>BTC: 580,955</li> </ul> <p>⏱️ TIMESTAMPS & INSIGHTS:</p> <ul> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21">00:00:00</a> - Intro: Que the music and agenda overview</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=287s">00:04:47</a> - MSTR leverage: Debunking MSTR’s leverage myths with data</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=722s">00:12:02</a> - STRD IPO: How Stride IPO works & why it matters for MSTR</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=1241s">00:20:41</a> - BTC volatility: Impact of Bitcoin volatility on MSTR’s capital strategy</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=1492s">00:24:52</a> - Future products: What’s next? Potential new products & global expansion</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=1980s">00:33:00</a> - Yield curve & credit spreads: Fixed income ideas & STRK, STRF, STRD comparison</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=2700s">00:45:00</a> - BTC as collateral: How the market is starting to price Bitcoin as collateral</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=3059s">00:50:59</a> - Leverage & $STRD: MSTR leverage strategy for future market downturns</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=3480s">00:58:00</a> - market dynamics: Demand trends & capital stack effects</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=3846s">01:04:06</a> - Q2 earnings: MSTR Q2 earnings estimates & S&P 500 potential</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=4260s">01:11:00</a> - BTC yield: Long-term Bitcoin yield projections to 2035</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=4972s">01:22:52</a> - BTC CAGR: Why Bitcoin’s CAGR could fuel exponential market cap growth</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=5442s">01:30:42</a> - Market sentiment: Investor reactions & long vs short-term strategy debate</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=5745s">01:35:45</a> - Seeing into the future: thinking like a visionary and pattern recognition</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=6166s">01:42:46</a> - Why hold an equity?: pay now for future performance & DNA of future MAG7</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=6532s">01:48:52</a> - The BTC Standard: a world with energy that’s doesn’t decay; BTC exposure and UBI</li> <li><a href="https://www.youtube.com/watch?v=JzsrwmPzttw&list=PLZwX4wnt0OyHTqt-SQjeAG8ntakEqjKt1&index=21&t=7200s">02:00:00</a> - closing insights: Final thoughts on strategy, risk, and market opportunity</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=QUFFLUhqbi1uaFRxNWN0UkUzTlNFbUppSDZicnpXVWtLQXxBQ3Jtc0trMVpwMDZwM0l2aUNlRm9NSnMtUWpDWFJFNEo4T19tRmZMMzBCTktjTmJhS2IwRXlEMWExVGluZGRMLU5iOW9TRVROOG1KZ2FydTRCTEtWTFFlU2tDTXlocFlLMXRVVVVUN2Z0SjltXzh3cEgtNzRFYw&q=https%3A%2F%2Fthehodlshop.com%2Fcollections%2Ft..&v=JzsrwmPzttw">..</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>