Q: This Tom Lee run company is modeled after Mr Saylor's MSTR but is based on ether instead of bitcoin. I own a small position in BMNR which though volatile is currently up from my entry price. You explained the value reduction of MSTR in a recent question based on competition. You referred to the investment approach in its current circumstances as "Ponzi-like." Could you explain your view on BMNR and whether it too has a Ponzi-like set up. Also if you held this equity would you sell and instead hold an ether ETF as a "safer" way to invest in ether as you recommended regarding MSTR and investing in bitcoin or is there a distinction between MSTR and BTMR such that you would continue to hold the latter. Appreciate your response.

Q: HI guys,

On CNBC last week Michael Saylor discussed MSTR and one of the things he mentioned was it was designed to be 2X BTC movement.

I'm talking short term history here, not over years.

In the past 5 days Mstr is -1.32%, 1 month it is -15.96% and the past 3 months it is - 13.43%

However BTC has performed past 5 days +4.67%, 1 month - 2.31% and 3 month +11.1%.

As you can see BTC has outperformed MSTR quite substantially over the recent past.

Why would you think this is happening? Is the MSTR trade done? What do you reccomend for BTC exposure?

Thanks


Sheldon

Q: Do you see a benefit in owning a company, and then an ETF that writes covered calls on that company, such as SHOP and SHPE, or MSTR and MSTE in order to capture upside, and also get an income distribution? Please provide pros and cons, and if both owned, what sort of division - 50/50, 60/40 (asset/ETF) etc. - thanks!