This week, Michael Saylor's Strategy's $STRC hit $100 for the first time.

And today will be the fourth CONSECUTIVE day trading in this range.

Behind this simple metric lies the largest capital unlock in Bitcoin HISTORY.

And nobody is realizing what this REALLY means.

Let me explain:

Michael Saylor just unlocked $4.2 BILLION to buy Bitcoin without diluting a single $MSTR shareholder.

The move is brilliant, but to understand why this is ABSURD, you need to understand the problem the Strategy was facing:

The company's mNAV (stock premium over Bitcoin) fell from 3.4x to 1.3x.

When the mNAV is high, the ATM (issuance and sale of new shares at market price) works.

But do you know what happens when you issue common stock with a low mNAV?

DESTRUCTIVE DILUTION.

Saylor is in JAIL.

And that's where the significance of $STRC comes in.

This preferred stock doesn't depend on mNAV.

Zero. Nothing. Zilch.

Why?

Because $STRC has a GENIUS structure.

Saylor seeks to maintain the price between $99 – $101 through a dividend adjustment.

The Strategy can increase or decrease the dividend, within certain parameters, to try to balance supply and demand.

In other words:

It's a "corporate stablecoin" That pays high dividends (currently 10.5% per year) Backed by Bitcoin.

And there's more:

STRC doesn't dilute $MSTR shareholders in the same way.

Zero drama, more Bitcoin, happy shareholders.

BUT THE KEY PART?

Until the day before yesterday, $STRC's $4.2 BILLION ATM was LOCKED.

Why? Because $STRC needs to trade at ~$100.

Now, at $100, Strategy can ISSUE more shares for sale via ATM.

RAISING MORE MONEY TO BUY MORE BITCOIN.

$STRC traded at ~$100.10 yesterday with a volume of 1 MILLION shares.

The ATM is now UNLOCKED.

Strategy can issue up to $4.2 billion in $STRC.

$4.2 billion buys ~40,000 BTC at the current price.

Without diluting $MSTR shareholders.

Without violating the minimum mNAV promise.

Without selling a single satoshi of treasury.

And this is just the BEGINNING.

This is the Strategy's most bullish moment since 2020.

Breaking it down:

1️⃣ mNAV INDEPENDENCE

Before: Stuck when mNAV is low → Cannot issue $MSTR Now: $STRC works in ANY market environment

mNAV at 1.3x? Issue $STRC. mNAV at 5x? Issue $MSTR AND $STRC.

It's literally having TWO engines in the bitcoin accumulation flywheel.

2️⃣ MARKET VALIDATION

$100 is not just a number.

It's proof that the market ACCEPTS this instrument.

Pension funds want high yield? ✅ Insurers want stability? ✅ Retailers want "savings that pay more"? ✅

The market just said: "This works."

3️⃣ UNLIMITED SCALABILITY

Saylor was EXPLICIT in the earnings call:

If Stretch hits its peer and trades with low volatility, you could, in THEORY, sell $100 billion, $200 billion of it.

Think about it:

$STRC trading around $100, for quite some time, with good volume.

A money printing machine via ATM.

And when to buy more #Bitcoin with that money?

You can print more.

Infinite loop. ♾

THE REAL GAME HASN'T EVEN STARTED YET.

STRC is the company's "iPhone moment" product.

The iPhone didn't change the world on day one.

It changed when everyone realized it could SCALE.

STRC hitting $100 = iPhone coming out of the box for the first time.

Look at this setup CAREFULLY:

→ Bitcoin at $104k (relatively stable) → mNAV compressed (most discouraged) → STRC finally working (fundamentals have changed) → $4.2B unlocked (imminent purchase) → Critics still calling it a Ponzi scheme (maximum disbelief)

When will Strategy announce the first large purchase via STRC?

The market will understand that the model now has redundancy.

mNAV will expand again.

And the flywheel will accelerate with TWO simultaneous engines.

THE PLAY IS CLEAR:

STRC at $100 is not just a metric.

It's the unlocking of the largest Bitcoin accumulation machine that has ever existed.

High mNAV? Issue MSTR. Low mNAV? Issue STRC.

You can ALWAYS accumulate BTC.

The coming months promise to be exciting...