Strategy $MSTR has raised $20 billion so far in 2026. Through the 1st half of 2026 all US IPOs combined raised $153 billion, with $SPCX $86 B of that. So, @saylor has raised 30% of the proceeds by every non-SpaceX US IPO in 1H 2026.

A useful way to think about $STRC or $SATA is as a self-directed perpetual annuity. Americans bought $464 billion of annuities last year. Michael @saylor has created a product that is better than a traditional annuity bought from an insurance company. It can provide many of the things investors seek from an annuity- predictable income, tax efficiency, and long-term cash flow- but without requiring them to surrender control of their capital to an insurance company. At STRC's current 12% annual dividend rate, $8.3 million invested generates $1 million per year of cash distributions. By comparison, a traditional lifetime annuity for someone around age 55 could require roughly $14–16 million to generate $1 million annually. More importantly, much of the traditional annuity payment represents the insurance company gradually returning the investor's own principal. With STRC you can get your principal back anytime you want.

Satoshi’s Bitcoin is just sitting there. Single-sig. Keys created on a computer connected to the internet. No fancy multisig setup. No elaborate custody architecture. 17 years later, no one has stolen them.