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Joined March 2010
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Climb That Ladder retweeted
> be Saylor
> issue $STRC to be able to buy bitcoin:native
> Sell bitcoin:native at mega lows to pay $STRC dividends
> Increase dividend to get $STRC back to $100...
> .... in order to be able to buy bitcoin:native ?
Sell BTC, to be able to buy BTC
Amazing
Our smartest leader ❤️❤️
Climb That Ladder retweeted
Strategy has sold 3,588 $BTC for $216 million to fund dividends on our Digital Credit securities. As of 7/5/2026, we hodl ₿843,775 in our BTC Reserves and $2.55 billion in our USD Reserves. strategy.com/press/strategy-…
Climb That Ladder retweeted
In this episode, I'll tell you why I believe that ticker SCHD is the best asset for passive generational income. I'll also explain why SCHD's Q2 payout, which they declared this week, isn't something that worries me, even though some folks online are understandably concerned.
Follow for #investing insights about #dividend stocks!
youtu.be/wKl2ktJlwuw
Climb That Ladder retweeted
Would love for CNBC to get Michael Saylor on now and to explain what’s going on with $STRC.
Climb That Ladder retweeted
🚨 SCHD’S Q2 REBALANCE IS COMPLETE
$SCHD rebalances quarterly on the third Friday of June, September, and December.
Unlike the annual reconstitution that takes place each March, the quarterly rebalance is not about adding or removing stocks. Instead, it’s primarily about redistributing weight across the portfolio by trimming positions that have grown too large (above 4% cap/stock) and reallocating that weight throughout the fund.
See the image below for a quick overview of how the new Top 10 compares to the old.
NEW TOP TEN HOLDINGS
After the rebalance, the new Top 10 holdings are:
$UNH 4.36% 🟢⬆️ 2 spots (from #3)
$TXN 4.35% 🔴⬇️ 1 spot (from #1)
$PG 4.26% 🟢⬆️ 2 spots (from #5)
$HD 4.22% 🟢⬆️ 4 spots (from #8)
$AMGN 4.12% 🟢⬆️ 4 spots (from #9)
$KO 4.08% 🔴⬇️ 2 spots (from #4)
$ABT 4.07% 🟢⬆️ 6 spots (from #13)
$MRK 4.07% 🔴⬇️ 2 spots (from #6)
$PEP 3.99% 🟢⬆️ 2 spots (from #11)
$VZ 3.93% ⚪➖ Unchanged (#10)
The biggest cuts were to Technology:
$TXN: 6.39% → 4.35%
$QCOM: 6.22% → 3.59%
Combined, those two holdings went from 12.61% of fund assets to just 7.94%. That’s a reduction of 4.67 percentage points from two stocks alone.
Outside the Top 10, $QCOM experienced one of the biggest drops:
🔴⬇️ $QCOM fell from #2 to #12
At the same time, SCHD increased exposure to several defensive dividend names:
$ABT: 3.13% → 4.07%
$PG: 3.80% → 4.26%
$PEP: 3.47% → 3.99%
$AMGN: 3.56% → 4.12%
$HD: 3.63% → 4.22%
$MRK: 3.79% → 4.07%
The rebalance also reduced concentration risk.
Top 5 holdings:
25.98% → 21.31%
Top 10 holdings:
44.26% → 41.13%
Another notable change is that the largest holdings are now much more balanced. Before the rebalance, SCHD had three holdings above 5.5%:
$TXN 6.39%
$QCOM 6.22%
$UNH 5.50%
After the rebalance, no holding is above 4.36%.
NEW SECTOR ALLOCATION
Sector allocation also became more defensive:
Healthcare: 19% → 20%
Staples: 19% → 20%
Energy: 14% → 15%
Technology: 15% → 10%
Industrials remained 11%
Financials remained 10%
Discretionary remained 7%
Comm remained 6%
Key Takeaways
âś… Reduced the oversized tech exposure in $TXN and $QCOM
âś… Increased exposure to defensive names like $ABT, $PG, $PEP, $AMGN, $HD, and $MRK
âś… Lowered concentration risk in the largest holdings
âś… Made the top of the portfolio more balanced, with no holding above 4.36% versus three holdings above 5.5% before
For $SCHD investors, the most important change was probably the reduction of $TXN and $QCOM from a combined 12.6% of assets to 7.9%, while spreading that weight across healthcare, consumer staples, and other holdings throughout the portfolio.
What do you think of the rebalance?
Climb That Ladder retweeted
I’m unsure about $STRC recovering. Maybe it does but I’ve called this their most high risk product for a long time. The reason is that during a bear market, their other prefs will trade down (higher yield) without MSTR having to pay more for them each quarter. That wasn’t good enough, so they created a product where they’re supposed to raise the yield when the market does. If the market trades STRC down, MSTR listens and raises the rate.
This is at the worst time for the company, a bear market where their amplification ratio is probably at their highest from NAV drop (Bitcoin price drop). Recently the company said they had 32 years of dividend payments in their bitcoin reserve. Of course that’s if they sold it down way past the liquidation preference of their preferreds so I see that as dishonest/misleading since there isn’t a world where they’ve used up 31 of those 32 years.
If/when Mstr raises the rate of STRC from 11.5% to 12.5%, they’ve also lowered their years of dividend coverage by about 10% which, in turn raises the actual and perceived risk of STRC. Also, each time STRC makes a new low or loses par for longer periods, it makes people trust that it’ll hold par less. Lower trust demands higher yield. Even if yield was at 15% does anyone think this thing would never drop below par? What about 20%? 25? Even if it’s high, former buyers will need new buyers to come in to sell it to when they want to take the money out to buy a house or even to buy bitcoin in a bear market.
STRC is not only their most risk product (for the company) because it may keep demanding higher rates on a variable dividend but also Strategy might change the rules and stop raising the rate which could kill the product long term as far as trust is concerned. Would they raise above 13? How about 15%? So the lower the bitcoin cagr, the worse the bear market, the more likely we hit a high STRC dividend that the company then stops raising.
When traditional companies stop raising a dividend they’ve always historically raised (luckily they aren’t raising the yield, usually just slowly catching the dividend up to the growth of the stock itself), it can spook the market. If the rules stop (no more raises past a certain point for STRC) the market will get even more scared that a dividend pause may be near (whether it is or lot). I believe STRC never should have been created and should have been stopped by the SEC. I believe many future/former holders will be shouting the same thing at some point.
One could argue that even if they paused the dividend (letting it accrue to be paid out one day hopefully) to try to wait out a bear market and protect the company and STRC traded at $20, that the company would be fine. No recourse is the beauty of these prefs, right? I have my doubts.
Climb That Ladder retweeted
Squeeze Risk? Outright Oil Shorts Reach Record High zerohedge.com/energy/squeeze…
Climb That Ladder retweeted
Insanity. So he’s suggesting he went all in on an asset that’s only worth something because he went all in on it?!?! @saylor wtf?
@phongle this is a terrible look. Hire PR and comms people, bc these terrible takes, along with the recent gaslighting and lashing out at your own shareholders, are doing the opposite of damage control. Corral the chairman! And while we’re at it, the AI-slop STRC ads are trashy. You’re the CEO. Pls right this ship.
Climb That Ladder retweeted
I appreciate Stephan's efforts to bridge the gap. But the divide runs too deep, we are not on the same team.
@PunterJeff said the other day said he often "fantasizes" about convincing all the athletes who became known for receiving their paycheck in bitcoin to ditch bitcoin, and instead start receiving their paycheck in tokenized $SATA. These people don't want to free you from the shackles of central banks. They want to become the new central banks. They look at Jerome Powell in envy, they want his power. They want to rule the world. They want to rule you.
Climb That Ladder retweeted
On average, stocks in the S&P 500 trade at about four times their book value, giving a rough idea of how the market values company equity compared to net assets. If a stock can’t trade at a premium to its net asset value due to constant secondary market issuance, its price will eventually end up at a discount.
#Finance101
Climb That Ladder retweeted
Absolutely mind boggling that @Strategy is still levering up. They're selling $MSTR shares that are worth 80 cents on the dollar to buy $1 dollar bills. Relative to its BTC holdings after accounting for debt and preferred equity liabilities, MSTR common trades at ~0.8x NAV. This behaviors tells me the market's message needs to get louder for it to be understood.
Climb That Ladder retweeted
The Cushing / $USO Short Trap: Why the Friday oil crash is a textbook paper illusion. 🧵
1. The Tanks are Barely Operational EIA data shows Cushing stocks at 21.64M barrels, dropping by ~800k a week. The absolute operational bottom is 20M. Below that, pipeline pressure fails and tank roofs literally collapse. Mathematically, the hub hits technical failure in less than 2 weeks.
2. The Reopening is a Supply Chain Mirage. Even if diplomatic talks go perfectly, you can’t teleport oil. Reopening Hormuz means mine-sweeping and re-insuring stranded tankers. More importantly: transit time around Africa to Europe/US takes 35 to 40+ days. Global refiners cannot stop buying US exports yet; they have a 5-week physical gap to survive. The drain on US tanks isn't stopping.
3. Squeezing the Balloon: US midstream companies are already panic-shifting pipeline flows from Texas export docks north to save Cushing. But it’s a zero-sum game. You don't create new oil by changing its GPS destination. Fixing Oklahoma just means starving the Gulf Coast. The entire system has zero margin for error.
4. The June 22 Meat Grinder: The NYMEX July WTI contract expires on Monday, June 22. If you are short a futures contract at expiration, you legally have to deliver physical crude to Cushing. But guess what? There are practically no physical barrels available to buy in Oklahoma.
5. The Setup: Bears have piled into $USO shorts thinking the geopolitical risk premium just evaporated. But when the next EIA data drops and shows Cushing is still a ghost town because physical ocean transit takes a month, those paper shorts are trapped.
They will be forced into involuntary, broker-executed market orders to cover their paper before the June 22 deadline.
The Verdict: The drop to $84.85 isn’t a structural reversal—it’s a massive bear trap. Physical logistics can't move as fast as a news ticker. Expect a violent, forced short squeeze pushing paper WTI back toward $105–$115 over the next 10 days as paper liabilities collide with an empty physical bucket.
#Oil #Macro #CrudeOil #USO #WTI
Climb That Ladder retweeted
Even better, the IBIT $100 call for June 2027 is only $0.50. Bitcoin $300k is around IBIT $170 so that’s a 140x and if we hit 300k before then it would be worth even more.
To be clear for anyone reading this, I think this is a stupid idea. I’m just calling the bluff of anyone claiming they truly believe we will be $300k in a year.