Deep Dive Special: Guide to the Guide
from Bitcoin News Digest Special Reports & Debates Hosted by Mike Richardson
Executive Summary Strategy’s September 2026 Bitcoin Investor Guide is a sharp 21-page primer from an interested party: the company held 845,050 BTC and issues stock, preferreds, and debt against that stack. In fairness, they disclose the conflict on page 21. In this episode, we read the PDF like an allocator. Keep the education — what Bitcoin is, why scarcity is a rule set, and the line that risk doesn’t disappear, it moves. Discount the TAM charts and the “digital capital” stack, which maps onto Strategy’s own products. MSTR is not bitcoin. STRC’s 12% is not bitcoin yield. You leave with a method: four questions from page 13, a simple sizing formula, and four lines to write down before you allocate. Not investment advice. Strategy’s Bitcoin Investor Guide data as of September 4, 2026, Guide revised September 7, 2026. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bitcoinnewsdigest.substack.com
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