STRC is now trading 35% of MSTR's daily share volume on a 7-day MA. SATA is at 6% of ASST. But that's the wrong number. Run the dollar volume instead. Over the last 30 days: MSTR ~$2.96B/day · STRC ~$409M/day → STRC = 14% of MSTR's dollar flow ASST ~$55M/day · SATA ~$19M/day → SATA = 35% of ASST's dollar flow The ratio inverts because share volume hides what par-priced instruments actually move. A SATA share trades at ~$100. An ASST share trades at ~$17. One SATA print is six ASST prints. Of every dollar of capital touching the Strategy stack on a given day, 12¢ goes through STRC. Of every dollar touching the Strive stack, 26¢ goes through SATA. Strive's preferred is doing more of the work for its common than Strategy's is, proportional to the size of each ecosystem. In absolute terms STRC is a $400M+ daily market. SATA is still a $19M one. The instrument is real on both sides. The scale isn't comparable yet. Watch the trajectory. STRC went from 4% of MSTR share volume in November to 35% today. Six months. But remember, SATA is a LOT newer than STRC. The same curve is starting to bend on SATA - 2% to 6% over the same window - just from a smaller base. Can't wait to continue watching digital credit adoption in real time... especially with daily and semi-monthly dividends for the instruments.

The most fascinating thing about MSTR is that, like BTC, it systematically shorts fiat. Is STRC a Ponzi? Absolutely, a snowball of debt where non-interest-bearing assets can never pay off interest-bearing notes. Will a Ponzi scheme collapse? Of course, there's nothing new under the sun. So, will MSTR collapse? Not necessarily. MSTR just needs to ensure its Ponzi snowball rolls slower than fiat currency, or in other words, that everyone else is floundering, but MSTR's floundering is slightly less than fiat currency's, and that's enough. In the long run, we're all dead. Enjoy the Ponzi. Rug the FIAT.

🎧 Catch the latest episode of 'Blockspace,’ in partnership with @blockspace! BLOCKSPACE:MARA’s Q1 Earnings, Nebius’ Blowout Q1, the $1,000 Bull Case for MSTR ⚡️ MARA, ViaBTC signal support for Great Consensus Cleanup (BIP 54) ⚡️ MARA is in talks with AI tenants, including hyperscalers, and anticipates a deal by year-end ⚡️ Nebius stuns in Q1 earnings with 684% increase to revenue YoY 📺 Watch: 🎧 Spotify: 🎧 Apple:

As BTC faced low-volatility consolidation, the negative 30-day funding rate streak reached 74 days. This week, STRC ex-dividend dynamics may drive aggressive BTC accumulation by MSTR, while the Senate Banking Committee's Clarity vote may spark excitement.