Next BTC rally to bring 'massively' higher MSTR performance, says Mike Flaum

Log Scale Investments CEO Mike Flaum appeared on Bitcoin Magazine TV to discuss topics such as Strategy's Stretch, daily dividends, Strive's SATS, Bitcoin-backed preferreds compared with Treasury bonds for retirees, and the four-year cycle. Flaum also explained his reasoning for separating risk from volatility and expressed a long-term bullish outlook.

Chapters by timestamp:
00:00 – Mike Flaum discusses Strategy and Bitcoin treasury companies
00:15 – Understanding what Stretch returning to par means for Strategy
01:18 – How issuing Stretch at $100 restarts bitcoin buying
02:33 – Shareholders approve daily dividends for Strategy
03:34 – Daily dividends compared with bitcoin perpetual futures
04:51 – Opportunistic traders versus long-term preferred holders
07:08 – Was Strive's SATS oversubscription net new money?
09:39 – Bitcoin-backed preferreds versus Treasury bonds for retirees
11:43 – Why Strategy's stock has lagged its bitcoin holdings
13:41 – Explanation of Gross, EV and Net mNAV
15:04 – Digital credit, amplification and share buybacks
16:47 – Strategy's capital stack compared with Strive's
18:48 – Is the bitcoin four-year cycle dead?
20:31 – Why bitcoin reaches an all-time high before the halving
22:08 – JPMorgan's bitcoin forecast and bitcoin's long-term retur

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