MSTR Is Setting Up for Its Most Powerful Bitcoin Cycle Yet

<p>Strategy is raising capital again. But the bigger question is: what exactly is Michael Saylor building toward?</p><p><br></p><p>This week, we break down the latest moves from Strategy MSTR, including its growing $4.8 billion USD reserve, continued STRC buybacks, and a fascinating possibility: could Strategy be positioning itself toward zero net debt in USD terms?</p><p>But is building the cash reserve this aggressively in the middle of a Bitcoin bear market actually the right move?</p><p>We also dive into one of the most interesting trades developing across the Bitcoin treasury sector: Strive ASST now has nearly 30% short interest. With SATA trading close to par, Strive continuing to accumulate Bitcoin, and a potential Bitcoin recovery ahead, could shorts be setting themselves up for serious trouble?</p><p><br></p><p>In this episode:</p><p>→ Strategy grows its USD reserve to ~$4.8B</p><p>→ Could ~$7B put Strategy near zero net debt?</p><p>→ Why raising cash during a bear market may be suboptimal</p><p>→ How Strategy could prepare for the next Bitcoin cycle</p><p>→ Michael Saylor&#39;s comments on keeping STRC around $100</p><p>→ STRC vs SATA and two different preferred-stock strategies</p><p>→ Why Strive&#39;s disciplined USD reserve strategy matters</p><p>→ Nearly 30% short interest in Strive ASST</p><p>→ What could happen to shorts if Bitcoin starts moving higher</p><p>→ Why SATA trading near par without buybacks is significant</p><p>→ The latest MSCI pressure on Bitcoin treasury companies</p><p>→ And why Bitcoin&#39;s resilience could be setting up an interesting end to 2026</p><p><br></p><p>The Bitcoin treasury market is evolving fast.</p><p><br></p><p>Strategy is increasingly managing not just its Bitcoin holdings, but an entire capital structure built around common equity, preferred stock, cash reserves and Bitcoin.</p><p>Meanwhile, Strive is emerging as one of the most interesting Bitcoin treasury companies to watch.</p><p>And with shorts increasingly positioned against the sector while Bitcoin remains remarkably resilient...the next move could get very interesting.</p><p><br></p><p><br></p><p>00:00 Strategy Is Raising Cash Again: What’s the Plan?</p><p>05:13 Should Michael Saylor Stop Raising Capital?</p><p>08:18 How Strategy Should Prepare for the Next Bitcoin Bear Market</p><p>10:50 STRC vs SATA: Should Preferred Stock Be Allowed to Run?</p><p>13:40 Nearly 30% Short Interest: The Massive Bet Against Strive ASST</p><p>18:00 MSCI vs Bitcoin Treasury Companies: Does It Actually Matter?</p><p><br></p><p>Big thanks to Little Bubble for allowing us to use his song: &quot;One Chair&quot;: https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT64h?si=a344b82984f74f81</p><p><br></p><p>DISCLAIMER: This is not is financial advice. This podcast is for educational and entertainment purposes only.</p><p><br></p><p>Thank you for listening!</p><p><br></p><p>Follow us on:</p><p>- X: https://x.com/OneChairPod</p><p>- Youtube: https://www.youtube.com/@OneChairPod</p><p><br></p><p>Referral links:</p><p>- Roxom: https://roxom.com/auth/signup?referral=a7m4wx</p>