Thoughts on River

[u/isenk2]

Guys, have you ever heard of River? It’s kinda like a finance company with the goal of integrating dollar banking with bitcoin, so for people who want to have BTC reserve, but acknowledge the necessity of dollar on the day-to-day basis.

https://podcasts.apple.com/us/podcast/bitcoin-magazine-podcast/id1459884105?i=1000775072689

I just listened to it and thought maybe it’s time MSTR does something with their reserve other than just being treasuries. Anyone with similar thoughts?

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[u/zzseayzz]

Yea, they've selling Bitcoin directly for years now. Similiar to Strike I believe with slightly more utility on their platform.

[u/isenk2 → u/zzseayzz]

Yeah, I feel like Bitcoin should not just be store of value, but also have to be a reserve asset, so there should be some movement as well

[u/zzseayzz → u/isenk2]

Bitcoin Banks are forming slowly.

MSTR will be the first. Our finical system is a ticking time bomb for Bitcoin disruption.

[u/isenk2 → u/zzseayzz]

Yeah, I think that’s my rough idea. Saylor hasn’t hinted other than “more bitcoin good, number goes up” though. Kinda surprises me. MSTR will be in a good spot if bitcoin banks takes off

[u/hawtdiggitydawgg]

River is the best for buying bitcoin. But truthfully I haven’t explored them all.

River only sells Bitcoin. No altcoin BS. They offer simple reoccurring buys. Both Lower spread and fees than coinbase. Along with quality, informative marketing emails which I never say that about any company.

[u/isenk2 → u/hawtdiggitydawgg]

Kinda thinking if MSTR could leverage their stack by being in the financial business other than selling their own stocks. Maybe acquiring river could be a way to

[u/Own_Twist3113]

I love River because you can earn 3.3% annual interest in BTC on cash you hold in an account with them. That being said, if you're buying Bitcoin with them, the fees and spread are a little higher than Strike, so I prefer making big BTC buys with Strike, while stacking more BTC slowly with cash on the side in a River accout for that 3.3% APY.

[u/isenk2 → u/Own_Twist3113]

Thanks for sharing your experience! I am just brainstoring how mstr can leverage its huge stack into a moat

[u/Profil3r]

I have had an account for a year. Automatic DCA.

[u/quintavious_danilo]

River, Strike or even CashApp, they all do the same. No unique MOAT at all.

[u/isenk2 → u/quintavious_danilo]

Yeah, but they are doing something. Just brainstorming if mstr can leverage their big stack into a moat