MSTR Today: Bitcoin’s Biggest Wealth Shift Is Happening Right Now

Added: 2026-05-10

[00:00:00]Welcome to MSTR today. J L D here and it is Sunday, May 10th and Michael Saylor wants us to upgrade the world. That is something that we are doing every single day thanks to Bitcoin, thanks to strategy, thanks to Michael Saylor, thanks to Phong Le. And believe me, upgrading the world's is a good thing.

[00:00:26][laughter] And nothing in this video is financial advice and for those who are tuning in for maybe the first or second time, um this audio quality that you're hearing is only because I am on a two-week vacation in Spain. Typically, I have a great podcasting studio where my audio quality is incredibly high. So, bear with me for the next 10 days as I enjoy a little break and still deliver you a daily show all about MSTR today and the Treasury Titans, which we'll be moving on to Michael Saylor saying that stretch is credit engineered for income, stability, liquidity, and principal protection. It is backed by our Bitcoin and USD assets and supported by active Treasury operations. We structured it as preferred equity rather than debt to make it more scalable, durable, global, and useful. This is an incredible paragraph. Just a couple sentences that completely defines, completely explains, completely breaks down exactly what Michael Saylor's strategy is for his company strategy for us, the MSTR shareholders, for stretch, for digital credit, for the future of this world.

[00:01:42]And I do love Michael Saylor's response to Phong Le, which is BPS, which is Bitcoin per share, is earnings per share, EPS on the Bitcoin standard because Phong Le wants us to know that Bitcoin per share is our true north. Every day strategy uses multivariate models to op- optimize capital, equity, debt, and credit decisions to maximize annual Bitcoin yield. That's growth in BPS, Bitcoin per share.

[00:02:09]Year-to-date, we've achieved 9.4% Bitcoin yield in 5 billion in Bitcoin gain. And so, for all of you MSTR shareholders, which is of course myself, and I know many, if not most, if not potentially all of you, um this is exactly what you want. You want a company that is working every single day using multivariate models, optimizing capital, optimizing equity, optimizing debt, optimizing credit decisions. Phong Le and Michael Saylor are working every single day for you, for me. And man, I am so excited that I can just press a button and be invested in that and just let them work every single day, every week, month, year, 5 years, decade plus, for generational wealth that's I believe is absolutely coming. And here's the BTC KPIs, 2025 vs. 2026. And you can see, they look at this every single day. This is what they care about, and they're adding value for us, the shareholders.

[00:03:15]Love this. Okay.

[00:03:17]Let's talk about Smiffy Bitcoin, who says MSTR plus I bit equals 1.6 million coins and growing, by the way. 21 minus 4 million, that's lost, not lots, but you know, 4 million were lost. So, that means there's a total of 17 million Bitcoin that are actually {quote} available. You know, give or take a million. Could be 16 million, could be 18 million, but it's right around there. So, two entities equal almost one out of 10 coins ever.

[00:03:46]You are not bullish enough, and I can guarantee you very few people are bullish enough. Chris says, I spend just as much time trying to break my investment thesis as I do trying to build them. This is the way. This is one reason why Chris is one of the very few individuals I follow. I follow less than 40 accounts.

[00:04:07]And Chris is one of them because he is always trying to break his investment thesis. And so far in four years, he's not been able to break his MSTR thesis because frankly, it's unbreakable. Uh Simply Bitcoin says, Bitcoin monthly return since 2013. And this is in this chart below. April 2026 just logged 11.87% best month in over a year. So if you're listening right now, you just experienced the best month in Bitcoin in over a year. And by the way, it's only an 11% gain, almost 12% but 11.87%.

[00:04:46]You're a legend for just being in this, for believing in this, and for knowing that there's only 10 days a year that Bitcoin goes on an absolute rocket ship, and you need to be involved for that.

[00:04:58]But listen, it's been a really tough year, a really tough year. I mean, look at it. You have to go all the way back.

[00:05:04]Look at this. Here we are in May, we're up 2.2%.

[00:05:07]Back all the way. Here you go. I'm now back in December. All the way back to April of last year where we had 14%.

[00:05:15]And the two months preceding that, by the way, were -2 and -17. So I mean, come on. It's been not a great time frame. And we have everything set. The table is set. The bottom has been formed, I believe. And we are going in one direction. With some volatility, of course. There will be absolute pullbacks cuz we need it. That's called a healthy market. Um but man, I can't wait for the rest of this year, 2027, 2028, the having. Mm, yummy. Mike says, "The road to 400 will be dramatically quick post October even more dramatic to over 700 plus." And this is from Chris's quote post about MSTR closing at SAS highest level since November 187.55.

[00:06:02]Think about that. November, December, January, February, March, April. I just ticked off six fingers right there.

[00:06:11]That's six months.

[00:06:13]It's been the highest since November. We have really struggled through this downturn and now we have earned what we have coming to us. And you can see this pickup is finally in route. Let's flipping go.

[00:06:30]Green and Salt says, "I own MSTR for two reasons. One, increase Bitcoin per share. Two, decrease shares per Bitcoin.

[00:06:37]Any questions?" And of course these two things are the same.

[00:06:41]But, you know, increasing Bitcoin per share is something that Coin Talks about a lot cuz it just makes more sense to to bullish people like us.

[00:06:49]Um Dan says, "Stretch will be much more systematically important to public markets over the next 10 years than any other preferred equity or corporate bonds. It will become the largest capital pump into Bitcoin and as many people understand that Bitcoin is a closed ended system, they will reach the following conclusion. The fact that stretch has a high annualized return supports the sustained growth rate of Bitcoin simply because the Bitcoin supply is fixed and ultimately all capital is looking for a return." And the Bitcoin Therapist, I haven't posted him for a while here, but here he goes back into the MSTR Today Show cuz he has a post about the MSTR all-time high being $543. I remember that day. I honestly do. The MSTR bottom, $107. I also remember that day.

[00:07:37]It actually got down as low as $100.

[00:07:40]That's an 80% drawdown. Bitcoin all-time high in 2017 was 19,000 and the bottom of 2018 was 3,000. That's an 84% drawdown. If you held through this, you're f k n legends.

[00:07:54]And I did hold, by the way, through all of this cuz I was buying MSTR well before the pump in the low 100s into the pump, which was euphoric and we'll experience that again together.

[00:08:06]It'll be amazing. And then, of course, I experienced the entire drawdown even to lower basis than when I started buying.

[00:08:15]And um helped me DCA, like I shared in yesterday's video, got my [clears throat] average cost per share down to $166 as a result of this um recent dip. So, thank you, DCA, and thank you for me just pressing the button relentlessly down at these levels. And guess what?

[00:08:35]I have a couple great videos for you.

[00:08:38]One's actually a classic sailor that you're not going to want to miss. It's a 6-minute rant that I was just like, man, that is so good. So, don't miss that.

[00:08:45]It's going to come up after the sponsors. But before the sponsors, we've got another video from Alex. So, just sit back, relax. It's 2 minutes and 30 seconds and it's pure comedy. So, please enjoy.

[00:08:59]I don't get it.

[00:09:03]I still don't understand.

[00:09:09]>> [music] >> I don't get it.

[00:09:16]>> [music] >> I don't get it.

[00:09:20]I still don't understand.

[00:09:25]>> [music] >> 10,000 scenarios running in the back.

[00:09:30]Back-tested balance sheets staying on the [music] track. Probabilistic outcomes for different models. Fixed supply asset, we don't need the throttles. It's not complicated capital structure 101. [singing] Separate the risk before the day is done. Senior perpetual variable rate.

[00:09:53]Watch the math accelerate.

[00:09:58]>> [music] >> Bitcoin powered.

[00:10:03]Bitcoin [music] powered.

[00:10:07]Bitcoin powered.

[00:10:09]>> [music] >> 30% cager. Case implied to be approaching [music and singing] zero.

[00:10:15]Digital capital. Monetary hero.

[00:10:23]I don't get it.

[00:10:26]You don't need to get it.

[00:10:28]>> [music] >> The market going to buy it.

[00:10:32]>> [singing] [music] >> Money supply growing at 6.7.

[00:10:38]Probability [singing] of fiat demise is high.

[00:10:43]Watch the old world wave goodbye.

[00:10:47]>> [music] >> Bitcoin powered.

[00:10:53]Bitcoin senior perpetual [singing and music] variable rate.

[00:11:00]Bitcoin powered.

[00:11:07]Watch the math accelerate.

[00:11:10]>> [music] [music] [music] [music] >> All right, my friends. Enjoy your Sunday.

[00:11:34]Today's episode is brought to you by Roxe, a platform building the rails for the next era of Bitcoin capital markets.

[00:11:41]If you've been watching Michael Saylor and strategy reshape how the world thinks about money, Roxe is where that movement becomes a financial system. The first capital markets denominated entirely in Bitcoin where you can trade stocks, futures, and fixed income instruments with Bitcoin as the actual currency, pricing everything in Bitcoin because that's the only way to know if your investments are actually growing your stack or just your dollar balance.

[00:12:07]And right now, two instruments on the platform are paying people in Bitcoin every 2 weeks. Stretch is Strategies' preferred stock, 11.5% annualized, paid monthly in Bitcoin. Seda is Strive's 13% annualized every 15 days, also in Bitcoin. Hold both and you have a recurring Bitcoin paycheck hitting your account twice a month from two of the most credible balance sheets in this space. This is what Roxe is building toward, a world where Bitcoin is not just held, it works for you. Head to Roxe at the link below and see what your Bitcoin income could look like. Get your Bitcoin paycheck at Roxe, the Bitcoin capital markets. Link below and visit rxm.sh/register.

[00:12:50]Quick pause because this might matter more than your next Bitcoin move. Your personal data is being bought and sold online right now. Emails, phone numbers, home addresses, even family connections, all floating across hundreds of data broker sites, and that is exactly where scams, identity theft, and harassment begins. That's why I use Incogni. They go out and remove your data automatically from these databases, and not just once, they keep doing it as your data reappears over time. And here's the kicker, if something slips through, their custom removals feature lets you send in a link and they handle it for you. No manual work, no chasing down shady sites, just a simple three-step setup and you're back in control. Create your account, authorize them, and they start wiping your digital footprints. They can't harm you if they can't find you. Take your personal data back with Incogni. Use code MSTR for 60% off an annual plan at incogni.com/mstr.

[00:13:52]That's code MSTR for 60% off an annual plan at incogni.com/mstr.

[00:14:00]I N C O G N I dot com slash M S T R. As a science historian, I've read 100,000 pages of history, and I think the story of history is is humanity's condition was improved when we got clean water, clean food, clean air, electricity, clean power, when we got petroleum, when we got cars, when we got nuclear energy, when we got antibiotics. If you look at the the plight of humanity for thousands of years, people are dying at age 30, there's a 40% infant mortality rate because the food's dirty, the water's dirty, and they've got no hope. And when they were dying of dirty water and dirty food, they didn't know they were dying of dirty water and dirty food. We bled George Washington to death. Every rich person in Middle East in the Middle Ages died of gout because they drank red wine because they couldn't drink water because it was contaminated.

[00:15:06]And so, all of these companies, if you look at the mortality rate of corporation is 99%. The average life expectancy of a company is 10 to 15 years. And you can say, "Well, we'll just take it for granted. People Companies should only last 10 years. Just like, you know, 40% of your kids, maybe they should just die before the age of five because that's just the way God willed it. Or maybe we should just die at age 31, which is the life expectancy in Elizabethan England.

[00:15:35]But the point is, they didn't die because they were genetically predisposed to die. They died because they had dirty food, dirty water, dirty energy.

[00:15:46]They worked themselves to death. And the best thing that ever happened to humanity was the passage of technology.

[00:15:53]So, Satoshi put his finger on one observation.

[00:15:57]The observation is the money's the money is a corrupt and dirty and and is defective.

[00:16:03]And you want me to show you how it's defective? I tell you the story a thousand stories of people being murdered for their money.

[00:16:12]Every single story of of Jews fleeing from uh authoritarianism, the story every story in Germany of the Protestants, the Catholics murdering each other, everybody that came to America, they came because they're fleeing for property rights. Um the entire history of the human race is littered with tragedy because people never had proper economic energy.

[00:16:38]A type 1 diabetic can't store organic energy. They will eat themselves to death. Fat is the way you store organic energy. Somehow, over the course of hundreds of millions of years, mammals figured out how to store organic energy and they had fat cells.

[00:16:54]We as humans have not had the ability to store economic energy properly. We tried with gold, it never quite worked. I could give you a hundred examples of it not quite working. I can give you a thousand examples of hyperinflation dating back to 500 BC of money not quite working.

[00:17:13]For the first time in human history, we have invented a that allows a human to tightly bind economic energy to their person or for a corporation to tightly bind economic energy to the corporation.

[00:17:29]What it means is you don't have to suffer an early painful economic death and you can tell me, "Oh, that doesn't matter." But my I would point to everyone in Africa, I would point to all of all of the misery in Cuba and North Korea and Venezuela. I would point to the misery in the aftermath of hyperinflationary incidents that took place in Brazil, Argentina, Venezuela, Russia.

[00:17:56]I could go on forever. There are literally 100,000 pages. Read the story of civilization by Will Durant and you will find 1,000 examples of currency collapse and economic misery. And this person, Satoshi, offered us this gift. The gift is you get to own your own money and no one can take it away from you. You get to keep it.

[00:18:20]Right? You get to keep your life force.

[00:18:22]And what do I think will happen?

[00:18:24]I think that company's life expectancy on the Bitcoin standard goes from 10 years to 30 years to 40 years to 100 years and I think living longer is a good thing. And I think family's life expectancy, you know, is is dramatically increased.

[00:18:41]I could do the simple math for you. The half-life of money in gold is 30 years.

[00:18:46]Gold debases at 2% a year, 30 35 years.

[00:18:50]The half-life of money in Bitcoin is forever.

[00:18:54]0% inflation makes your money last forever.

[00:18:58]So, I I think that some people will not appreciate it and they won't get it.

[00:19:04]That's okay.

[00:19:05]You don't have to buy it. Lots of people won't buy it. By the way, I I think that if you ask how many Americans own it or care, they just tipped the election in favor of Trump. I think they care. I think the crypto lobby is the number one political force today. So, I do think there's a lot of people that do agree with me. They do get it.

[00:19:27]There are 800 billion to a trillion dollars of real money that has been invested in the network. You can trace it if you like. But, that doesn't mean it's for everybody.

[00:19:38]Everyone didn't install electricity in Florida or sorry, air conditioning, right?

[00:19:43]Right? That's new. All sorts of technologies don't get embraced for 30 years.

[00:19:48]And this won't. But, I would say clean money is just as important as antibiotics. It's just as important as fat. It's just as important as clean electricity.

[00:19:58]Right?

[00:20:00]You know, so that that's my answer to you. It's technology. It makes the world a better place. And and I think that uh I think that for a billion human beings that are destined to economic misery, for them it's the matter of life or death.