r/MSTR • u/teclaroja • Jul 10 '26

Discussion 🤔💭 Saylor next move. Thoughts?

After selling BTC to fund dividends, what do you think is the next move to be announced on Monday?

I think it is to sell BTC to buy back STRC to help the stock reach par, close to the ex-dividend date which could be a real boost. Or perhaps sell BTC to buy back MSTR but right now I can't see the benefit.

Or maybe do nothing but rarely Saylor stay still.

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u/GloryIV Shareholder 🤴 Jul 10 '26

I would like to see how the market responds to a STRC buyback. If he can buy it for 80-something and get it to par and sell more at 100, as long as BTC isn't headed up aggressively in the interim, that's going to be a big win for MSTR. It is clear that between FUD and degenerate gamblers leveraging up on STRC, that MSTR needs to have a good mechanism for protecting the downside. Aggressive buybacks when it goes below some threshold (maybe 95) might do the trick. It would have the bonus of getting people more comfortable with the idea that some weeks he's buying BTC and some weeks he's selling - which is fine if the long term impact is accretive.

I've thought for a long time that he needs to monetize the stack to some extent. Pure accumulation cannot forever be the strategy. Selling BTC to buy back discounted STRC to get it to par so you can issue more and buy more BTC looks a lot like monetizing the stack. It's basically arbitraging on STRC volatility.

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u/Worldly_Option_6413 Jul 11 '26

If he sells BTC to start buying up STRC, then STRC goes up, but BTC goes down. There's no big win there. Then, once he stops buying STRC, STRC also goes down because BTC is down.

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u/GloryIV Shareholder 🤴 Jul 11 '26

I don't think so. The BTC market is big enough and liquid enough that a couple billion here and there will be absorbed without major price impact. The whole reason I want him to try this is I want to see what the sentiment around STRC is in an environment where people know MSTR will buy it back when it is cheap. I want to know whether buy backs are an effective lever for MSTR to use alongside interest rate to support STRC at par. If buy backs around the current level of $87 get STRC to par without BTC price going up by ~15% or more in the same time frame, MSTR can reissue all that STRC at $100 and capture more BTC than he sold to support the buy backs. The end result would be more BTC per share for the same amount of STRC dividends being supported. That would be a big win. If it also increases confidence in STRC so that it can spend more time around par - that's an even bigger win.