MSTR Today: The Truth About The US Jobs Report: Bitcoin’s Next Move

0:00Welcome to MSTR today in the Treasury Titans. It is Friday. It is September 4th. It is JLD and nothing in this video is financial advice, but what a difference a day can make. I mean, yes, Bitcoin is down now on the jobs report news. We'll get into that a little bit later. But overall, up over 17% yesterday, just one of those glorious days, you have to love as a strategy shareholder, especially having dealt with these last 11 months of pain and agony. So now, Michael sailors back to riding the orange rockets. We'll see what the upcoming days have in store for us. But for now, let's just enjoy the rocket ride. And let's move on to Michael Salah who says, America added 162,000 payroll jobs on a base of 159 million. That's 0.1%. Be a less. That puts the 90% confidence interval on the monthly change at roughly 122,000, yet trillions in assets reprise

1:00because economists guessed 56,000. We have turned statistical noise into monetary policy. Michael sailor is obviously not impressed with what's been happening today based off of that jobs report. Again, we're going to mourn a little bit. But rightfully so it is disgusting. And the co-BC letter says the system is broken. You know the system is broken when stocks fall after the US unexpectedly adds 162,000 jobs in a month, tripling expectations. Why? Because a strong jobs reports report means a higher chance of rate hikes. This is the product 60 straight months into this is the product 60 straight months of 2% plus inflation. Marcus now want a labor market collapse. Absolutely insane and insanity across the board. And guess what? Bitcoin fixes this. Michael Salah says in America, you don't need a license to discuss Bitcoin advocate for it or publicly recommend owning it. Bitcoin is a commodity, not a security. Fraud and manipulation are illegal.

2:03Bitcoin advocacy is free speech. Preach it's Michael Salah. The Bitcoin option here says, crypto bros think MSTR is over leveraged and then go 100 x levered themselves and get liquidated every couple days. Make it make sense. It can't. It won't. It never. Well Bitcoin archive says just in Alliance Global Partners Initiates coverage on strategy with a buy rating $252 price target for MSTR. That's a 97% upside. I'll take that upside. I'll take that ride. And Ryan says MSTR, when we look back, it will seem so obvious. And he is just again drawing a lot of lines on charts. He's been wrong many, many times before. He'll be wrong many, many times again. But guess what? He only has to be right once to get to that $1,200 per share mark in Q2 of 2027. I'm on board for that as well. Mark says Bitcoin ETFs saw $730 million if influence yesterday, the strongest days since January 14th. Big, big coin is buying again in full force. But let's be honest, what is today going

3:07to show? Probably a red candle, but only time will tell. Robin says strategy will be the largest issue in 2027. It won't even be close. And here's strategy being the fourth largest equity issue in 2026. There they are. Intel and alphabet are a little bit higher. Of course, that's Google. And then SpaceX, so it's very unique situation is way, way, way up there. But guess what? In 2027, strategy will be the largest and it will not even be close. Alex says this time actually is different. And they're showing all the difference times. And of course, orange is this current time. And you can see how different it actually is. Jeff says what I'm watching, price in Bitcoin, MSR has been in a large zone of consolidations is 2017, which is fairly impressive to be honest, assuming MSR eventually breaks out of the zone. What do you think will be the break to the upside of the downside? Why do you think this? And of course, I believe strongly it will be to the upside. But only time will tell. And CJ says we're not traders. We don't speculate or try to time the market.

4:12We don't do technical analysis or draw lines on charts. Bitcoin is going up forever. There's only one strategy by and hodl. And of course, this is the Bitcoin standard air return where MSTR is still dominating this charts. And of course, we can't forget about strive because the ASST market cap is in an all time high of 2.5 billion, 1,509th largest public company just passed sub hub, 211th largest by dollar volume traded today. And again, massive dislocation. So it's only the 1500th largest publicly traded company. But the it's interesting. The dollar volume is 211 massive news, massive signal. And we have a great clip from Michael Seller coming up when we get back from thinking our sponsor. 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 databases. And this is

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6:18take your personal data back with in Cogni. Use code MSTR for 60% off an annual plan at incogni.com-mstr. And so it's creative to Bitcoin per share, that's what matters. I just want to make sure that that's understood because a lot of times people like, you know, sellers hitting the ATM that's dilutive to shareholders and that's not necessarily correct on a Bitcoin per share basis. And the last trade is that we sell the equity at a premium to NAMB to buy US dollars, that's also accrued to the shareholders. Yeah. So all the trades we're doing are creative. They're strengthening the balance sheet, they can't be the strengthening the company, they're improving our long-term prospects. Yeah. We don't want to be JP Morgan. We want to be the JP Morgan of digital assets, right? Which is a big difference, right? Like there are a lot of

7:23things to admire about JP Morgan. There are the most valuable bank in the world. We would like to be the most valuable digital asset company in the world, right? They have a great amount of trust, a great amount of equity value. We would love to have the amount of trust and equity value in the digital asset world that JP Morgan has in the traditional banking world. They are one of the largest players in the repo market, right? There are a bank that the federal government turns to at times for assistance if it's needed. We want to have that level of trust and scale in the digital asset world. But we're not modeling our business after JP Morgan. The analogy is we want to be the largest and most important player in the digital asset world that starts with holding the most Bitcoin in the world, which we have now at 4% that continues with building products on top of Bitcoin,

8:24like digital equity, which is a MSTR, digital credit, which is STRC, and it continues with then having other players in the digital asset world, build products on top of ours by digital money, which Mike mentioned earlier. So we believe that being the largest holder of Bitcoin allows us to have the stature that JP Morgan has, but we're not modeling our business after that. So that was really the point there. It's much like when Mike says that STRC is the iPhone. Our iPhone moment, obviously, we're not trying to build a business modeled after the iPhone or Apple, but the iPhone is the most successful product in the history of the world, and we think STRC can be the most successful digital credit product in the world. This next question comes from at grain of salt, which strategy sell STRC and use the proceeds for a cash reserve and MSTR buybacks in addition to buying Bitcoin? This was suggested in the Q1 earnings presentation,

9:27and is it still a viable option? Sure. Yeah, we can use the, we can use the capital to we can swap STRC for MSTR, we can swap STRC for USD, we can swap STRC for BTC, we can swap STRC for any other debt instrument or credit instrument outstanding. So they're probably other things we could do with it as well, but we're very open-minded about how we use the capital. Next question is from Garrett. What is your stance on MSCI's recent rule change proposal to remove Bitcoin treasury companies from their index, and what do you expect this removal would do to the stock prices? I guess so with the latter, right? MSCI indices represent somewhere between three and four percent of our current shares. If we were to be excluded from their indices, then you did expect that to create some selling pressure over a period of time, but it's really

10:30a material to us, right? Like three to four percent isn't something that is going to cause a major change in our share price over a period of time. So I would call it immaterial, and to Bitcoin is even less important, right? One-tenth of a percent, perhaps, if you include what we hold in terms of Bitcoin. More importantly, I don't think MSCI is aligned with the US government, world markets, or other indices. I think the fact that they're taking a second cut at this is a bit ill-advised. They've taken a different approach to it, which is to redefine what an operating asset is, the SEC and FASB have defined what an operating asset is for strategy, and Bitcoin certainly is that they don't see Bitcoin as an operating asset. So I think they're sort of taking a position against general, excepted account and principles in the SEC.

11:31So we'll go back and we'll respond to them and try to understand better why they're taking this approach, the Santagonistic, to Bitcoin in the asset class. I think they will consider our responses and others and be constructive about this and hopefully not move forward with their latest proposal. But even if they do, I don't think it's them or into us in the end.