Cena StarknetSTRK

$MSTR launching a high yield product like STRD makes sense given the market's demand for income. MSTR capital stack engineering (STRK STRF STRD) is designed to capture every possible dollar from the market to buy more BTC. this approach benefits common stockholders by minimising dilution as MSTR increasingly relies on preferred stock for financing. the more BTC MSTR acquires the more preferred stock it can issue which funds more BTC...

💰 The IPO Upsized to $1 BILLION - Initial offering: 2.5M shares → Final: 11.76M shares . - Priced at $85/share, raising ~$1B—massive oversubscription signals institutional frenzy . 🏦 Why Institutions Are Piling In - 10% yield (non-cumulative dividends) with Bitcoin-linked upside via Strategy’s balance sheet . - Preferred stock ranks above common equity, offering safer capital structure positioning . - No direct BTC volatility : Ideal for pensions, endowments, and insurers restricted from holding crypto . 🔄 Embedded Bitcoin Optionality - Every $1 raised → more BTC purchased, strengthening Strategy’s equity and reducing default risk . - Liquidation preference at $100/share (vs. $85 IPO price) → potential upside if Bitcoin rallies . ⚡ Non-Cumulative Dividends = Flexibility - No mandatory payouts: Strategy can pause dividends during BTC downturns, preserving capital . - Dynamic treasury management: Reinvest profits into BTC or dividends based on market conditions . 🌐 Sovereign-Grade Financial Engineering - Fiat-to-BTC refinery: STRD converts traditional capital into Bitcoin-backed reserves . - Capital stack flywheel: Combines debt (convertibles), equity (MSTR), and preferred stock (STRD/STRK/STRF) to attract diverse investors . 📈 The Bigger Picture - Secondary market potential: STRD could trade as a hybrid Bitcoin-credit instrument, pricing in BTC’s upside . - Fiat has nowhere else to go: STRD offers uncorrelated yield + institutional-grade exposure amid overpriced traditional assets . 🔥 Bottom Line STRD isn’t just a stock—it’s a Bitcoin capital refinery. Institutions are rushing in because: ✅ High yield in a yield-starved world. ✅ Bitcoin exposure without direct volatility. ✅ Structural upside tied to BTC’s rise. The demand is insane because Bitcoin is inevitable—and Strategy is the gateway.

Critics say 🗣️ High yields + lower seniority in capital stack = classic junk bond characteristics. STRD follows Saylor’s alliterative naming pattern — $STRK & $STRF — but skeptics want to call a spade a spade.

Yesterday's dump on these 2 was probably related to $STRD IPO, but I think this makes STRF and STRK seriously mispriced again at around $100 $STRF should trade above $150 at some point, and $STRK much higher too. And these are very low risk

Please note that VanEck has positions in Bitcoin, $MSTR, $STRK, and $STRF Investments in digital assets are subject to significant risk and may not be suitable for all investors. Loss of principal is possible.