Watching shitcoin projects sell tokens to establish #Bitcoin reserves should tell you all you need to know about shitcoin projects. And yes I know I am preaching to the choir here on Nostr
Trying to find a CPA that will work with a new Bitcoin Treasury Company is a PITA.
Thank God for GPT.
If any of you are CPAs and looking for a new business client please send me a DM
What's done is done.
All equity position have been sold. IRA positions are all in FBTC - I "trust" Fidelity more than Blackrock..
All taxable accounts where closed out and funds in route to Base Layer Capital accounts.
My entire networth, other than house, is in Bitcoin, BTC etfs, and income strategies based around Bitcoin volatility.
Literally all in.
Strategy is simple. Small Bitcoin loans combined with non loan capital into MSTR covered call yield engines. Harvest the vol for income let the BTC stack grow and NEVER get over your skiies..
First rule. Do not lose Bitcoin. Stay conservative with growth early on. Plan for 80% draw downs...though I personally believe they are over my models all include them.
All models show sustainability in worst markets. Yield declines, nav declines, Bitcoin declines but we still make it out easily with more than enough income to live.
We have long term adoption as wind in our back and income from volatility on a company executing a leveraged Bitcoin play to fund income and BTC aquistions.
Dead simple.
Borrow Bitcoin.
Buy high yield assets.
Pay off loan.
Keep high yield asset to buy more Bitcoin.
Rinse...repeat.
Do it inside an LLC wrapper for better tax efficiency and liability protection.
Send it.
I recommend everyone relisten to Saylor's talk.
Get your assets into an LLC.
There are so many benefits.
For example: Wanna borrow against your stack? Do it in an LLC and you can deduct the interest... do it personally you can't...
The goal is to have your corporation own as many of your assets as possible. Forget the concept of owning everything in your name.