In Episode 9, True North Episode 9: The crew does a deep dive into MicroStrategy’s financial leverage, Bitcoin surpassing $100K, bear classifications, community growth, and upcoming market catalysts. Key discussion points include ryan’s return, social media and strategy, bear classifications begin, bitcoin hits $100k, community growth. Market context: MSTR closed at $406.00 with mNAV at ~2.39.
Market Snapshot
- Date: 12/04/24
- MSTR Open/Close: $380.00 / $406.00
- Volume: 29,862,200 shares
- mNAV: ~2.39
- Market Cap: ~$91.22B
- U.S. Market Cap Rank: 110
- BTC Held: 402,100
Chapters
- 00:00:00 — Live Stream Milestone: Celebrating 100K viewers and market updates.
- 00:02:50 — Ryan’s Return: Team updates and Bitcoin-focused projects.
- 00:05:32 — Social Media and Strategy: Navigating negativity and misinformation.
- 00:07:21 — Bear Classifications Begin: Humor and financial discussions intersect.
- 00:08:34 — Bitcoin Hits $100K: Price milestones and market impacts.
- 00:12:12 — Community Growth: MicroStrategy’s growing Discord and community size.
- 00:14:51 — Tracking Data: Analytics and the MSTR Tracker website.
- 00:17:34 — Community Appreciation: Celebrating contributors and giveaway plans.
- 00:20:16 — Financial Leverage: Addressing common bear arguments.
- 00:22:40 — Leverage Ratio Trends: Insights into MicroStrategy’s financial strategy.
- 00:30:05 — Convertible Debt Insights: Expectations for bond conversions.
- 00:34:33 — Bitcoin Run Predictions: Market analysis and future trends.
- 00:39:06 — Early Bitcoin Adoption: Bitcoin’s global adoption and legislation.
- 00:43:14 — Bear Classifications Expand: Fun descriptions of “bears” in finance.
- 00:52:34 — Short Sellers: The role and impact of institutional short-sellers.
- 00:58:42 — Market Tactics: Delta hedging and convertible bond strategies.
- 01:05:10 — Bitcoin Monetization: Exploring financial use cases for Bitcoin.
- 01:13:35 — Game Theory: Bitcoin’s role in global economic strategy.
- 01:23:28 — Bretton Woods 2.0: A speculative discussion on a new currency system.
- 01:29:22 — Bitcoin Price Stability: The value of moving averages for exchange rates.
- 01:38:08 — Covered Calls Strategy: Generating income through options trading.
- 01:50:07 — Financial Leverage: Utilizing volatility to maximize returns.
- 01:54:35 — Upcoming Catalysts: Events that could impact Bitcoin and MSTR stock.
- 02:18:50 — Fair Value Accounting: Changes to MicroStrategy’s Bitcoin valuation.
- 02:22:14 — Volatility Preparedness: Adapting to market fluctuations.