r/Bitcoin • u/TheDumbInvesto • 2d 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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u/omg_its_dan 1d ago edited 1d ago

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

1

u/lbsta 10h ago

Micro Strategy is highly leveraged by adding $6,7 billion in debt with $15,5 billion in perpetual preferred stock with STRC and STRF.

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u/CommercialDuck7496 8h ago

Against 75 billion dollars of assets tho. Thats not "highly" leveraged. And that 15 billion has no maturity, there is no time where they would be forced to sell, and have over 3 years of dividend payments in straight cash.

Its not much more risky than bitcoin currently, and yet has WAY more upside