Bitcoin Magazine has released a video segment written by Patrick Green featuring Mike Flaum, CEO of Log Scale Investments, on Strategy and the outlook for Bitcoin treasury companies. The program frames Flaum’s view that MSTR could perform "massively to the upside" during the next BTC bull run and lays out a series of product, valuation, and cycle-related topics tied to that thesis.
Topics covered in the episode
According to the episode description, Flaum discusses Strategy’s Stretch, daily dividends, Strive’s SATS, Bitcoin-backed preferreds versus Treasury bonds for retirees, mNAV, and the four-year Bitcoin cycle. He also explains why he separates risk from volatility and why he remains bullish over the long term.
Chapter list
- 00:00 — Mike Flaum on Strategy and Bitcoin treasury companies
- 00:15 — What Stretch getting back to par means for Strategy
- 01:18 — How issuing Stretch at $100 restarts Bitcoin buying
- 02:33 — Strategy shareholders approve daily dividends
- 03:34 — Why daily dividends work like Bitcoin perpetual futures
- 04:51 — Opportunistic traders vs. long-term preferred holders
- 07:08 — Was Strive’s SATS oversubscription net new money?
- 09:39 — Bitcoin-backed preferreds vs. Treasury bonds for retirees
- 11:43 — Why Strategy’s stock hasn’t kept pace with its Bitcoin
- 13:41 — Gross, EV and net mNAV explained
- 15:04 — Digital credit, amplification and share buybacks
- 16:47 — Strategy vs. Strive’s capital stack
- 18:48 — Is the Bitcoin four-year cycle dead?
- 20:31 — Why Bitcoin hits an all-time high before the halving
- 22:08 — JPMorgan’s Bitcoin forecast and Bitcoin’s long-term return
Disclaimer included with the post
Bitcoin Magazine states that the views and opinions expressed in the show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or affiliated entities. It also says the content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing in the show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell securities or financial instruments, and viewers should consult their own advisors before making financial or business decisions.
