Research area

MicroStrategy

Bitcoin‑Backed Preferreds Challenge T‑Bills

MSTR True North 26 Jul 2025

Bitcoin‑Backed Preferreds Challenge T‑Bills

The July 23, 2025 episode of MSTR True North explains MicroStrategy could withstand an 88% Bitcoin drawdown while expanding its 67,770‑coin treasury. STRC is a new zero‑duration preferred, positioning it as a rival to short‑dated Treasuries.

Read the analysis