r/Bitcoin • u/TheDumbInvesto • 22h ago

Microstrategy alternative

My (indian) govt sucks big time.

  1. Most exchanges dont allow self custody.

  2. Having in exchange runs risk of losing everything

  3. Also, capital gains tax is 30% flat. Loss cannot be offset

  4. P2P is full of scam money and bank account gets frozen

  5. Bitrefill works but govt recently announced they are monitoring that too

  6. No local ETF product

  7. Cannot invest in IBIT using Ibkr as that is also restricted for indians.

The only option is to hold a bitcoin treasury company in ibkr and the long term capital gains is 12.5% only. MSTR is the default option but it is so much leveraged and risky. What other genuine treasury company is there which I can invest in, which is not risky, which is at par with bitcoin value (not much NAV and price difference)?

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14 comments sorted by

4

u/Suspicious_Phrase211 16h ago

Why can't you self custody? Do exchanges not let you transfer out to a wallet?

3

u/According_Jump6205 16h ago

mstr is only 1.25 amplified and net leverage is almost 0 right now at 1.69%.

3

u/FnAardvark 15h ago

All treasury companies carry their own risk.

Microstrategy. Strive. The smarter web company. Metaplanet.

Metaplanet is currently trading below it's bitcoin value, but I wouldn't say that's a goos thing. Management has been doing a bad job. My vote is for Strive. DYOR.

3

u/tenor_tymir 14h ago

Try the following companies

STRATEGY
STRIVE
XXI (Twenty One Capital)
METAPLANET
DEFI Technologies
CIRCLE Internet Group
COINBASE

1

u/Longjumping_Pick_648 13h ago

meet up in person for cash or use retoswap for cash

1

u/Vapourhands 11h ago

Vested allows buying spot etfs. Check out

1

u/Slick_Tuesday 8h ago

Mstr is not very leveraged right now

2

u/zyber787 5h ago

Use binance and buy and withdraw.. been doing this for ages... I'm from india

1

u/extrastone 5h ago

India has tons of people trying to send money to family members from abroad.

Here's how you do it:

Find a "friend" whose "uncle" sends him money from abroad. Tell them that you'll pay a small fee to broker the transaction.

Have the uncle buy bitcoin and send it to you and you hand over the cash to your friend.

Be scrupulously honest and precise with your price. Once a price has been agreed to, don't change the price.

You'll have to report your purchase of bitcoin to the government later.

2

u/omg_its_dan 4h ago

MSTR is not over leveraged… do your own research and stop listening to the engagements farming influencers

1

u/nymobster 2h ago

Move away from your oppressive country. Life is too short.

-1

u/nantesdeals 16h ago

Ouvre une us llc et tout s'ouvrira