MSTR + STRC: Strategy's Killer Bitcoin Flywheel Explained

Strategy (MSTR) has built a new Bitcoin flywheel and it may allow them to buy Bitcoin over and over again.

In this episode, we break down how Strategy is combining its common stock ATM with its new preferred shares (STRC) to create a powerful capital engine that continuously accumulates Bitcoin.

We analyze:

- How STRC held $100 on the ex-dividend date (and why that matters)

- Why this new STRC + MSTR flywheel changes Strategy’s Bitcoin strategy

- How preferred shares unlock a new level of Bitcoin accretion

- Why this model is very different from convertible bonds

- What this means for Bitcoin price, MSTR, and other Bitcoin treasury companies

- We also cover the latest updates from:- Strive & Semler and their confirmed merger

- Metaplanet’s recovery and upcoming preferred shares in Japan

The growing role of Bitcoin treasury companies in driving the current market.

This episode shows why Strategy may now have the strongest Bitcoin accumulation machine in the market and why the implications go far beyond one company.

00:00 Introduction to Bitcoin Treasury Companies (Strive, Strategy, Metaplanet)

00:33 Strive–Semler Merger Confirmed: Buying Bitcoin at a 20% Discount?

07:32 STRC Ex-Dividend Day: Why Strategy’s Preferred Stock Is Holding $100

09:50 Strategy’s New Killer Bitcoin Flywheel: STRC + MSTR Explained

13:08 Metaplanet Rebound & Japan’s Preferred Share Opportunity

15:40 Final Thoughts and Market Outlook 2026

Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81

Mentions:

- Master Yoda: https://x.com/xEBITDA

- Ragnar: https://x.com/RoaringRagnar

- True North: https://x.com/MSTRTrueNorth

- Stephan Livera & Matt Cole Podcast: https://youtu.be/M2lkYHuAskk?si=KO2K8QnvspqMlFAM

🚨 EVENT 🚨 Make sure to get your One Chair Podcast Ticket!

- Front Run — The Bitcoin Treasuries Pre-Party: https://luma.com/FrontRun

DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.

Thank you for listening!

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